EUGENIO MARIA DE HOSTOS COMMUNITY COLLEGE OF FOUNDATION IS A 501 (C) (3) NOT-FOR-PROFIT CORPORATION THAT OPERATES EXCLUSIVELY FOR THE CHARITABLE PURPOSE OF SUPPORTING EUGENIO MARIA DE HOSTOS COMMUNITY COLLEGE OF THE CITY UNIVERSITY OF NEW YORK. THE FOUNDATION ENCOURAGES ASSISTANCE THROUGH GIFTS, SCHOLARSHIPS, SUBSIDIES, ENDOWMENTS, GRANTS, BEQUESTS, AND OTHER FUNDS.THE BOARD OF DIRECTORS DIRECTS THE MANAGEMENT OF THE OPERATIONS, PROPERTY AFFAIRS AND CONCERNS OF THE FOUNDATION AND ACTIVELY PROMOTES FUNDRASING ACTIVITIES CONSISTENT WITH THE PROVISION OF THE FOUNDATION BY-LAW, AS WRITTEN OR AMENDED IN THE CERTIFICATE OF INCORPORATION. THE BOARD OF DIRECTORS MAKES RECOMMENDATIONS CONCERNING THE ACCEPTANCE OF MONIES, GRANTS, SECURITIES AND ANY OTHER DONATIONS.