Indiana University does.
In a university as complex and energetic as IU, there are always more excellent and worthy ideas for enhancing the academic mission than there are funds to carry them out. IU’s president and trustees determine which fundraising proposals become University priorities.
Proposals for major priorities and campaigns are sent to the Foundation for feasibility studies. Results of these studies are forwarded to the IU president and trustees. The University reviews these studies and makes a final determination about priorities. The IU president and trustees then forward their priorities to the Foundation's Board of Directors, which reviews them and charges the Foundation staff with directing programs and processes to achieve the University's fundraising goals.
Chancellors, deans, and department and program chairpersons set priorities for their units within the context of University priorities.
The Foundation provides centralized management of fundraising priorities and develops a University-wide fundraising program to promote and support IU’s agenda.