Revision with unchanged content. This book is based on case studies that were conducted at two U.S. public masters universities: Kean University and East Stroudsburg University. Each of the universities began as a teachers college more than 100 years ago, and then later became a comprehensive university. Both of their foundations were established in the 1980’s and had endowments that were less than $10 million in 2005. This book provides insights into the various approaches that may be taken to improve foundation board performance particularly as it relates to their fundraising responsibilities. Twenty-five interviews were conducted with foundation board members, the university presidents and others associated with the foundation at these two institutions. This book reveals what those involved with foundation boards have to say about the critical factors they believe would increase their performance.