SBCTC Policy Manual
Chapter 1: Statutes, Policies and Regulation Governing Washington Community and Technical Colleges
1.70.00 Exceptional Faculty Awards Trust Fund
The 1990 Legislature established the Exceptional Faculty Awards Program, a state matching grant program designed to assist community and technical colleges in creating endowed trust funds. These funds are designed to recognize outstanding faculty by providing faculty development awards to individuals or groups. Colleges must deposit all funds in a separate endowment account from which only the earnings may be expended for the purposes of the program.
Colleges may request matching grants in $10,000 increments by providing the following documentation:
- A letter to the SBCTC Executive Director requesting a matching amount signed by both the foundation director and the president of the college.
- A copy of the agreement between the college and foundation signed by both parties and approved as to form by the AAG as required by RCW 28B.50.844.
- Documentation that the funds have been set aside. This documentation could take the form of financial statements from the foundation or bank indicating that funds have been deposited for the match or other form providing reasonable assurance that matching funds have been received and designated for this purpose.
- An invoice for the amount of the match being requested. The standard A-19 state form or other similar form is acceptable.
Note: Items 1 and 2 assume the endowment will be held by the college foundation. If the college intends to manage the endowment itself, the requirement for the foundation director’s signature and to provide a copy of the college/foundation agreement do not apply.
The governing statutes are contained in RCW 28B.50.835 through 28B.50.844 and the administrative rules in WAC 131-16-450.
|SBCTC Resolution 04-05-13 amending WAC 131-16-450
||1.70.00 added to address Exceptional Faculty Awards established in 1990 and the 2004 reduction of matching grant requirement from $25,000 to $10,000.
|SBCTC Resolution 02-09-16
||Board approved Policy Manual
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