The board of trustees is the legal governing body and the chartered legal entity for Ithaca College. As such, it is the final institutional authority and grants all degrees awarded by the institution, upon the recommendation of the faculty and president. Its primary responsibility is the articulation of general educational policies and academic goals. In so doing, it is obligated to ensure the financial resources of the College and to relate them to the likely needs of the future, and to assure that the College's tradition serves as a prelude to and inspiration for the future of the institution. While maintaining a general overview, the board entrusts to the president the authority and responsibility for all College educational and managerial affairs.