Foundation Development Services Manager
Internal Position Title:
Development Services Manager
: College Foundation
The College of Lake County Foundation, a 501c3 institutionally
related foundation, cultivates gifts to support capital projects,
programs, and scholarships for students enrolled at the College of
Lake County. The Foundation Development Services
plays an integral role in the operations and
financial accuracy for the College of Lake County Foundation.
Responsible for providing financial leadership to ensure sound
fiscal practices that enable streamlined operations in, and provide
scalability to, the advancement services functions of the
Foundation. Performs all accounting functions, management of
investment services and annual audit activities, and provides
financial advice and information to Foundation leadership and the
Foundation's Board of Directors.
Why choose the College of Lake County for your next
The College of Lake County (CLC) offers a
competitive salary, excellent benefits that includes Blue Cross
Blue Shield of Illinois health, Delta Dental and Superior Vision
insurance plans, tuition support for employees and qualified family
members, three retirement plans, disability, group and supplemental
life insurance, health and dependent care flexible spending account
plans, a four-day work week in the summer (Fridays off!), generous
vacation, sick and personal time off and 14 paid holidays each
CLC is a comprehensive community college located in northeastern
Illinois committed to being an innovative educational institution
providing life-changing paths for our students by offering
exceptional learning experiences. CLC achieved a milestone in 2023
with its designation as a Leader College. This national recognition
awarded by the Achieving the Dream Network is the result of
improved student outcomes through the CLC's relentless commitment
to transformational change and the implementation of innovative
practices within the student success model over the past few
CLC aspires to be a place where every student succeeds, every
employee thrives, so that every business achieves and every
community grows. Our mission is to be innovative and value-driven
in supporting student success through developing and encouraging
employees of all backgrounds on their journey toward achieving
personal and professional growth.
- Bachelor’s Degree
- Five (5) years of experience in accounting or a related
- Advanced Excel skills and proficiency in Microsoft Office
- High standards of professionalism and confidentiality.
- Attention to detail and ability to meet deadlines.
- Strong problem-solving skills.
- Basic understanding of fundraising principles and
- Demonstrated ability to work collaboratively with a variety of
individuals and diverse populations.
- Ability to positively represent the College Foundation with a
variety of internal and external audiences.
Expected Start Date:
Special Instructions Summary:
Interviews will be conducted
until the position is filled.
$67,000 - $70,000 (Commensurate with experience
Total Hours Per Week:
Monday thru Friday 8:00 a.m. - 4:30 p.m. some weekends and evenings
Software Testing Required:
Excel, MS Word
Interview Process Requirements:
The College of Lake County is an equal opportunity employer and has
a strong commitment to diversity. In that spirit, it seeks a broad
spectrum of candidates including minorities, women and people with
Summary of Essential Functions:
Project and Process Management (85%)
Personnel Management (10%)
- Oversees and manages daily work activities of the Foundation’s
business operation including determination of fiscal policies and
procedures to cover all strategic financial management, accounting,
auditing, financial, budgeting, and investment functions of the
corporation. Maintains financial and operational aspects of the
Council for Advancement and Support of Education (CASE) to ensure
compliance with State laws and best practices.
- Exercises independent judgment in assisting Executive Director
in creating and monitoring the foundation and college budgets to
ensure responsible utilization of financial resources.
- Manages investment portfolio of the Foundation. Formulates,
proposes for committee/Board approval, and implements investment
policies including the establishment of risk parameters.
Responsible for oversight of reconciliation between investment
custodian and the board’s financial oversight committee. Manages
process of subscription and redemption of investments and the
proper allocation of investment earnings/losses and fees.
Participates in the process for selection of investment and banking
- Conducts annual spend analysis in accordance with Foundation
policy and makes recommendation for endowment spending.
- Prepares data for, and participates in, industry surveys
related to investment performance and benchmarks performance
against appropriate peer group.
- Manages cash and all assets. Performs cash flow analysis,
revenue forecasting, and liquidity assessment.
- Proficient in all aspects of fund accounting and all pertinent
GAAP, including Sarbanes-Oxley, FASB, and UPMIFA compliance as well
as CASE fundraising and campaign reporting standards in accordance
with the CASE Reporting Standards and Management Guidelines for
gift recording. Ensures legal and regulatory compliance for all
accounting and financial reporting functions.
- Manages accounts payables, payment processing, collections and
fraud prevention functions. Sends pledge reminders and conducts
collections as needed.
- Reconciles all bank statements monthly.
- Develops and maintains accounting records for all funds,
including contributions, expenditures, interest earnings (if
eligible), fees (if appropriate), and transfers as needed. Prepares
and validates financial data required for annual donor
- Prepares the month end closing journal entries and makes
adjustment journal entries as necessary. Reviews and posts all
journal entries to the general ledger. Reviews and reconciles
general ledger accounts to the subsidiary ledgers.
- Prepares monthly financial statements and reports on the
Foundation’s fundraising efforts and financial/operational health.
Assists in preparation of, and analysis related to, fundraising
event and activity revenue and ROI.
- Oversees the processing and acknowledging of gifts, pledges,
pledge payments, matching gifts, tribute gifts (in honor/memorial),
online gifts, stock gifts, gift-in kind, and other contributions to
the Foundation. Monitors the timeliness and efficiency of gift
processing, assuring all corresponding links to the database are
updated and maintained as gifts are processed.
- Coordinates and supports the successful completion of an
unmodified audit annually. Prepares and reviews all Federal
reporting requirements, including the IRS 990 and ILAG990, and
submits reports and extensions as appropriate by the deadline.
Responsible for leading the process to retain, and work with
external accounting services provider in the completion of these
- Organizes and utilizes the Financial Edge database for
financial record management, including creation and maintenance of
GL chart-of-accounts, new projects/funds to track restricted
contributions, postings, accounts payable, budgeting, investment
allocations, encumbrances, and receivables for the foundation.
[NOTE: The Foundation is transitioning to Financial Edge during
FY24 - this position will work with the executive director and
consultants to make this transition as smooth as possible.]
Other Duties (5%)
- Serves as staff partner to, and facilitates the work of, the
Foundation Board’s Finance committee including recommendation of
financial and investment policies. Collaborate with Sr. Manager of
Community Giving to support the Foundation’s Programs committee.
Attends Foundation Board meetings, Finance Committee meetings, and
others as requested.
- Manage the Foundation’s relationship with the office of
Financial Aid to insure the timely distribution of scholarship
funds and payment of invoices. Coordinate with The College of Lake
County’s Business and Finance office the Foundation Finance
Committee for spending and payment.
- Collaborates with the Foundation’s Raisers Edge database
administrator and the college’s business and accounting offices to
perform needed functions.
To apply, visit https://jobs.clcillinois.edu/postings/24720
- Leads selection of and oversees vendor relationship with credit
card merchant and makes recommendation.
- Perform other job-related duties as assigned.