The President shall have general supervision, control, and direction of the Foundation. The President shall preside over all Foundation meetings. The President shall oversee all committees and financial expenditures of the Foundation. The President shall have the ability to form ad hoc committees as deemed necessary. The President shall work with the Treasurer to plan the Foundation budget. The President is authorized to sign contracts and other financial commitments that are approved by the Foundation on behalf of the Foundation. The President or a designated Council officer shall update the OTA School Board on Foundation activities. The President shall perform other duties deemed necessary by the Foundation.