The board of trustees is the governing body and chartered legal entity for Ithaca College. The board is primarily responsible for the articulation of general educational policies and academic goals, as well as ensuring the financial means to meet the current and future educational mission of the institution. The board retains final institutional authority to grant all degrees awarded by the college, upon the recommendation of the faculty and president. While maintaining a general overview, the board entrusts the president with the authority and responsibility for the college's educational and managerial affairs.