Colleges run on other people’s money, and colleges have an obligation to those people and organizations. I like to say that my higher education mentor is Spiderman (or, more accurately, his uncle): with great power comes great responsibility. Your college has been entrusted with millions of dollars in resources from other people. Those people expect you and your colleagues to be wise stewards of their resources, managing and using their resources carefully, responsibly, and judiciously.
This chapter looks at three responsibilities of stewardship: