Memorandum of Agreement

Table of contents


In the 1970's, Cooper Union was going through financial turmoil, and asked the CUAA for assistance. At the time, the CUAA was an independent entity, with its own separate fundraising and corporate structure. In order to save the school, the CUAA gave up its money on hand and all future income, in return for concessions from the school. These include the 4 Alumni Trustees, continued control (or leadership) of the fundraising done in their name, and the creation of an Alumni Office. The latter was to be at the school's expense and for the benefit of the CUAA, with hiring and budget management in the hands of the CUAA, which is still a separate corporate entity.