See schedule OTHE foundation's primary purpose is to solicit, manage, and administer contributions made by private donors to the college. As an integral part of its mission of maintaining and strengthening the academic excellence of the college, the foundation administers funds,the proceeds of which are used to support the college's services and activities not fully funded by state and city TAX levies, as well as educational needs such as scholarships, special academic programs and other activities. The foundation also manages restricted and endowed gift accounts and allocates such income as prescribed by the respective donors.