The college intends to implement the new budgeting system beginning in 2001 for the 2001-2002 fiscal year. The Dean of Institutional Advancement coordinates the college's fund-raising activities. Several staff members, including the Director of Alumni Affairs assist in the fund-raising process. The college focuses its fund-raising activities upon the solicitation of annual fund gifts and the solicitation of endowment gifts. All gifts are carefully tracked and properly receipted.
Every effort is made to insure that the monies are used in a manner consistent with donor intent.
Volunteer support is employed in the fund-raising process. The college's Alumni Board has recently become much more involved in the annual fund process. The college's endowments, co-mingled with those of the other VSC institutions, are managed by the Chancellor's Office. An Investment Committee whose efforts are coordinated by the VSC Director of Finance oversees VSC endowments. Endowment funds are currently on deposit with The Common Fund and F.M. Kraus and Company, a subsidiary of the Chittenden Bank.