Teri,
If your senior management understands the importance of advisory boards; i.e., accreditation requirements, contributions, interfaces with faculty, etc, “funding†for off site meetings or a catered event shouldn't be an issue, it's a standard deductible business expense.
It's your job to convince them of the tangible and intangible value added by having an advisory board as part of your school. This course should help you achieve that goal.
R. Roehrich