In accordance with North Carolina General Statues (NCGS 115D20.9), the Board of Trustees shall recognize the legal authority of the Sandhills Community College Foundation, Incorporated as a nonprofit 501 (c)(3) corporation organized and operated exclusively for the educational purposes of the College and with Articles of Incorporation under the laws of North Carolina (NCGS 55A, Non Non-Profit Corporation Act). As such, the Foundation has a governing Board of Directors who adhere to the Bylaws of the Sandhills Community College Foundation, Inc. and may promote, establish, conduct, and maintain activities on its own behalf and solicit and receive funds and other real property; it may invest, reinvest, hold, manage, administer, expand and apply such funds and property so long as such procedures and/or actions do not violate or otherwise infringe upon the Sandhills Community College Board of Trustees. The College President shall have oversight responsibility for the Sandhills Community College Foundation, Inc. and serve on the Board of Directors as an ex-officio member.