Development 101. April 1, Presentation by: John P. Rush Vice President for Development and Alumni
|
|
- Augusta Nelson
- 5 years ago
- Views:
Transcription
1 Development 101 April 1, 2010 Presentation by: John P. Rush Vice President for Development and Alumni 1
2 Loyalty. Pride. Passion. 2
3 Goal $100 million; Total Raised Nearly $34 million January 1, 2009 December 31, 2012 The MSU Foundation and MSU Athletic Department have developed a matching gift program to support StatePride. StatePride will raise funds for scholarships and faculty support. Priority will be given to scholarships geared towards recruitment purposes. To retain expert faculty members, MSU will need to increase compensation and funds for research opportunities. 3
4 (in millions) Ag & Life Sciences $23.4 $34.4 A&S $13.5 $25.2 Architecture, Art, & Design $13.0 $15.0 COBI $34.4 $56.9 Education $8.7 $15.1 Engineering $75.5 $86.5 Forest Resources $10.8 $14.8 Vet Medicine $19.7 $25.3 Athletics $48.0 $78.4 Library $1.6 $10.1 Meridian $3.0 $17.8 Actual Target Gifts for Research $26.8 $31.0 Other University Needs $49.4 $62.0 Student Affairs $32.7 $29.2 $0.0 $10.0 $20.0 $30.0 $40.0 $50.0 $60.0 $70.0 $80.0 $90.0 $
5 $90.0 $80.0 $70.0 $60.0 $50.0 $40.0 $30.0 $20.0 $10.0 $0.0 $78.6 $74.4 $61.5 $55.8 $56.8 $51.0 $51.6 $44.1 $46.1 $40.5 FY00 FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 5
6 History of Philanthropy in the U.S. and in Higher Education Annual Fund Major Gifts Planned and Deferred Gifts Stewardship Asset Management Foundations that Support Higher Education 6
7 Philanthropy from Greek Love of Mankind Unique to the United States Harvard University Alumni Associations and Fundraising State Universities/Private Universities Today s Climate 7
8 A GIFT is a tangible symbol of feelings between people. A DONATION is a tangible symbol of support to a cause. 8
9 Frequently given/asked Discretionary income May be unrestricted funds Mailings, events, phone, electronic 2-5% of income Expensive to operate 90% gifts; 10% dollars 1st step to major gift Very, very important 9
10 Infrequently given/asked From assets: stop/think Relationship required (People key) Targeted/restricted projects 10-20x annual fund gift 10% gifts; 90% dollars Often repeated over time Critical to success 10
11 For each major gift (>$25K), you need three prospective major givers On average, a major gift is closed after 9 meaningful contacts, or between 6 months and 2 years Thus, to get 5 new major gifts requires 3 x 9 x 5 = 135 meaningful contacts 11
12 Once in a lifetime gift Combination of giving methods; many people involved Total commitment to institution s mission Long, emotional relationship (and several previous major gifts) Often involves major naming opportunity 1,000-2,000x annual gift; 10-20% net incoming-producing assets 12
13 Belief in mission and stability of the organization Sense of civic responsibility High regard for staff and volunteer leadership 13
14 Guilt and obligation Promotional materials and proposals Tax considerations 14
15 15
16 16
17 What is the difference? All deferred gifts are planned gifts, but not vice versa. The role of planned giving in major gift work 17
18 Cash Securities Real Estate Family Corporate Stock Bargain Sale Charitable Deduction Limits 18
19 Gifts through a will (Bequest) Living Trust Retirement Plan Assets 19
20 Charitable Remainder Trusts Charitable Remainder Annuity Trusts (CRAT) Charitable Remainder Unitrusts (CRUT) Charitable Gift Annuities Charitable Lead Trusts Life Estate Contracts 20
21 Initial Contact Identification Additional interest Show Creativity Creating the Joyful Giver Invoking the Grateful Recipient Attention Interest Desire Maybe Action Yes Making the Artful Ask Acknowledge NO 21
22 Key in nurturing and building of lasting relationships between the charitable organization and those who support it with their wealth, wisdom, and work. As an active advocate of donor interests throughout the organization, donor stewardship fosters and encourages such support by: Acknowledging any and all contributions in a timely, accurate, and appropriate manner; Recognizing donors in meaningful ways that faithfully adhere to any stated wishes regarding anonymity and other levels of public disclosure; and Reporting to donors in a consistent and accurate manner on the use, impact, and management of their financial contributions. 22
23 Acknowledgements Thank you letters sent by various individuals Recognition Permanent recognition such as: Donor walls, program funding, endowed chairs, other select naming opportunities Donor recognition events Donor clubs 23
24 Reporting o Tax receipt IRS requires a receipt for contributions of $250 or more. Some organizations receipt all levels of gifts. o Annual stewardship (endowment) reports o Report scholarship recipients 24
25 As of December 31, 2009, the Mississippi State Investment Pool managed about $227 million in endowed assets through its nineteen money managers. The MSU Foundation s Investment Committee establishes investment policy (including the asset mix), and selects and evaluates managers. The Foundation retains the Fund Evaluation Group of Cincinnati, Ohio, as its investment consultant. The portfolio is constructed to maximize total return, while minimizing volatility. 25
26 The Foundation makes no attempt to time the market. In the long term, the total portfolio return should equal or exceed spending plus inflation. Long-term Hurdle Rate 4% Spending Rate + 1% Annual Mgt Fee + 3% Inflation Rate = 8% Minimum Acceptable LT Return 26
27 MSU Foundation MSU Alumni Foundation MSU Athletics MSU 82% 5% 3% 10% Total Value of Pool: ~$227 million as of December 31,
28 25.0% 22.9% 20.0% 15.0% 10.0% 5.0% 4.4% 3.1% 0.0% -5.0% -0.1% 1 Year 3 Years 5 Years 10 Years 28
29 30.0% 20.0% 10.0% 27.1% 9.1% 8.3% 14.4% 7.1% 22.9% 0.0% -10.0% -20.0% -2.7% -6.6% -13.3% -30.0% -25.0%
30 -10.0% -5.0% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% Alabama Arkansas Auburn Florida Georgia Georgie (ARCH) Kentucky LSU Mississippi Mississippi State South Carolina Tennessee Average -1.3% -1.3% -3.6% -0.9% -3.6% -0.3% -0.1% -3.3% -4.1% -1.6% 0.6% 0.1% 11.6% 16.5% 17.4% 24.1% 25.6% 22.4% 24.3% 25.8% 22.9% 28.3% 21.0% 21.8% One-Year Three-Year 30
31 100% 75% 35% Hedge Funds (Abs/Directional)..20% Natural Resources 7% Private Equity/Venture Capital..3% Real Estate.5% 50% 25% 0% 18% 18% 29% Domestic Stocks Fixed Income Global Fixed Income Domestic Large/Mid Cap..17% Domestic Small Cap. 12% International Stocks Alternatives 31
32 Why not simply spend what is earned? Two scenarios over a 10-year period Endowment #1 - $100,000 earns average of 8% per year and pays out all earnings, inflation 3% Endowment #2 - $100,000 earns average of 8% per year, spends 4% and reinvests 4%, inflation 3% Endowment #1has market value of $100,000 at end of ten years, but inflation has eroded purchasing power to equivalent of $73,742 Endowment #2 has purchasing power of $110,462 32
33 History and Purpose 1. Keeps public and private funds separate 2. Keeps public and private records separate 3. Greater flexibility 4. Opportunity to involve high-level volunteers in university life 33
34 Governance Models Independent Dependent Interdependent (most common) Funding Models Direct Support From Host Institution Unrestricted Gifts Fees Some combination of above (most common) 34
35 Relationship with Host Institution Memorandum of Understanding Critical Interaction with Governing Board Remaining vital 1. Fundraising performance 2. Investment performance 3. Being responsive 4. Being accountable 35
36 ank you! 36
Office of Development and Alumni Affairs. Gift Acceptance Policy
Office of Development and Alumni Affairs Gift Acceptance Policy Approved by the Lynn University Board of Trustees May 2010 Office of Development and Alumni Affairs Table of Contents Commitment to Lynn
More informationPRIVATE SUPPORT FOR OUR PUBLIC UNIVERSITY TWO
PRIVATE SUPPORT FOR OUR PUBLIC UNIVERSITY TWO Buchanan Alumni House is a gateway to the campus, a showcase for alumni achievement, and a source of pride and inspiration for generations of University students.
More informationWays to Give. Building the Foundation for Tomorrow s Healthcare
Ways to Give Building the Foundation for Tomorrow s Healthcare 1 WAYS TO GIVE FROM OUR VICE CHAIRMAN The Cleveland Clinic enterprise is grateful to the many individuals who have advanced our founders mission
More informationWays to Give. Building the Foundation for Tomorrow s Healthcare
Ways to Give Building the Foundation for Tomorrow s Healthcare 1 WAYS TO GIVE FROM OUR VICE CHAIRMAN Cleveland Clinic is grateful to the many individuals who have advanced our founders mission of better
More informationAPPROVED BY BOARD OF TRUSTEES 5/28/09 WITH AMENDMENTS
I. INTRODUCTION FUNDRAISING POLICY APPROVED BY BOARD OF TRUSTEES 5/28/09 WITH AMENDMENTS Vermont College of Fine Arts (VCFA) and its Board of Trustees recognize the importance of charitable giving to the
More informationGIFT ACCEPTANCE POLICY
GIFT ACCEPTANCE POLICY Statement of Policy Individual giving helps ensure the Louisiana-Mississippi-West Tennessee Kiwanis District (here to referred to as the District) serves the children of the world.
More informationA Guide to Gift Planning at Blake
A Guide to Gift Planning at Blake Honor the Past Invest in the Future INVEST IN THE FUTURE OF BLAKE By designating Blake in your will or living trust, you can help ensure that the school will fulfill its
More informationPolicy on Gift Acceptance
GOVERNANCE AND LEGAL Effective Date: March 21, 2014 Date Revised: April 5, 2018 Supersedes: Related Policies: Responsible Office/Department: Keywords: Policy on Gift Acceptance I. Purpose and Scope II.
More informationThe Charitable Gift Annuity
Mid-America Planned Giving Conference August 14, 2015 The Charitable Gift Annuity Presented by John F. Marshall Senior Vice President Jeffrey Byrne + Associates, Inc. Jeffrey Byrne + Associates, Inc. National
More informationGroup solicitations require the approval of the Director of Institutional Advancement.
Charitable Giving Policy Section A: Soliciting/Accepting Gifts and Donations Carmel Catholic High School welcomes expressions of interest and financial support, solicited or unsolicited, regardless of
More informationTHE UNIVERSITY FOUNDATION CALIFORNIA STATE UNIVERSITY, CHICO. Gift Acceptance Policy. Approved 10/6/16
Approved 10/6/16 Table of Contents I. BACKGROUND... 1 II. POLICY STATEMENT... 1 A. General... 1 B. Gift Acceptance Committee... 1 C. Types of Acceptable Gifts... 3 D. Criteria Governing the Acceptance
More informationNow What? Stewarding the Planned Gift Donor
Now What? Stewarding the Planned Gift Donor Planned Giving Council of NE Florida February 8, 2018 Pierre N. Allaire, PhD Senior Vice President Baptist Health Foundation What do you think you need for a
More informationGIVING THROUGH THE COMMUNITY FOUNDATION
GIVING THROUGH THE COMMUNITY FOUNDATION We are a public charity founded in 1949 by and for the people of Linn County. Our mission is to help donors give in meaningful ways, to strengthen nonprofits, and
More informationGIVING WISELY. A look at current giving trends and charitable strategies to help maximize your impact.
GIVING WISELY A look at current giving trends and charitable strategies to help maximize your impact. As the economy improves and confidence grows, charitable giving is making a comeback. Now could be
More informationGift Policy. Responsible Officer. Vice-Chancellor Approved by
Gift Policy Responsible Officer Vice-Chancellor Approved by Council Approved and commenced August, 2012 Review by August, 2015 Relevant Legislation, Ordinance, Rule and/or Governance Level Principle Scholarships
More informationGIFT ACCEPTANCE POLICY The mission of the xxxxx is to xxxx.
GIFT ACCEPTANCE POLICY The mission of the xxxxx is to xxxx. The xxxxxx is a nonprofit 501(c)(3) corporation (tax number xxxx) organized under the laws of the State of Washington. The xxxx encourages the
More informationLegacy Society. A Lasting Commitment to Excellence
Legacy Society A Lasting Commitment to Excellence Strengthening the Future of the Council on Foreign Relations Today s Council on Foreign Relations continues to build on the extraordinary vision and effort
More informationGIFT ACCEPTANCE POLICY
GIFT ACCEPTANCE POLICY SUBJECT: Gift Acceptance Policy Date Issued: 12/8/2015 Date Updated: 2/6/2018 Review Date: 6/30/2018 APPLIES TO: Office of Development and Alumni Relations ISSUED BY: Vice President
More informationUniversity Fund. Why I Give
University Fund MAKE A TANGIBLE IMPACT ON OUR STUDENTS. Funding from the commonwealth addresses less than 35% of the real cost associated with educating a student today, and tuition and fees alone do not
More informationCOMMUNITY FOUNDATION INTRODUCTION
COMMUNITY FOUNDATION INTRODUCTION Brad Hurlburt President & CEO Danielle Cameron Vice President for Personal & Family Philanthropy Renee Constantino Vice President for Community Investment Lisa Huertas
More informationThe Harvey School GIFT ACCEPTANCE POLICY May 1, 2017
The Harvey School GIFT ACCEPTANCE POLICY May 1, 2017 I. General Principles II. III. IV. Roles and Responsibilities for Gift Acceptance A. Head of School B. Director of Development C. Gift Acceptance Committee
More informationWestern Carolina University Foundation. Financial Statements For the Year Ended June 30, 2012
Western Carolina University Foundation Financial Statements For the Year Ended June 30, 2012 WESTERN CAROLINA UNIVERSITY FOUNDATION TABLE OF CONTENTS Page(s) Independent Auditors Report Management s Discussion
More information5. Gift Crediting and Reporting
5. Gift Crediting and Reporting The University at Albany Foundation I. HOW WE REPORT PHILANTHROPY The Division of University Development will issue regular reports to University and Foundation staff showing
More informationOLDS COLLEGE POLICY POLICY NUMBER:
OLDS COLLEGE POLICY Olds College recognizes the need for Policies and Procedures, and the need for staff and students to be familiar with and follow such policies and procedures. It is the intent of Olds
More informationChallenge Alaska Endowment Policy
Endowment Policy Approved 5-24-05 Endowment Policy Page 1/5 Table of Contents 1. Introduction 3 Page 2. Purpose of Endowment Policy 3 3. Responsibility to Donors 3 4. Authorization for Gift Negotiations
More information2 Burlington County College Foundation Legacy Society
Mission Statement The BCC Foundation provides scholarships for tuition, books and educational materials for qualifying students; and, provides mentoring, internship and career development opportunities
More informationOhio Farm Bureau Foundation. Guide to Giving
Ohio Farm Bureau Foundation Guide to Giving Table of Contents Giving in support of values........................3 Endowments......................................5 Gifts that produce a lifetime income................6
More informationKent State University Foundation. Gift Acceptance and Campaign Counting Guidelines
Gift Acceptance and Campaign Counting Guidelines Reviewed and Approved by the Board as of 6/2/2017 Table of Contents Table of Contents... 2 1.0 Purpose... 4 2.0 Authority... 4 3.0 Campaign Period... 5
More informationReaching the Top of the Pyramid Achieving Balanced Fundraising Success
Survey of Attendees Achieving Balanced Fundraising Success Michael R. Morse II, MS, CHA Vice President, Organizational Advancement Haven Hospice mrmorse@havenhospice.org / 352.379.6226 Background/job responsibilities
More informationGIFT ACCEPTANCE POLICY. The George W. Bush Foundation
GIFT ACCEPTANCE POLICY The George W. Bush Foundation The George W. Bush Foundation, a 501(c)(3) not for profit organization is organized for the purposes of endowing a Presidential archival depository,
More informationFrequently Asked Questions About Endowments Updated 4/18/17
Frequently Asked Questions About Endowments Updated 4/18/17 1. Why are endowments important to NC State University? An endowment creates financial stability, allowing NC State to be less dependent on unpredictable
More informationGift Acceptance & Donor Recognition Policy
Gift Acceptance & Donor Recognition Policy October 2015 Attached is a copy of the proposed Wittenberg University ("the University") Gift Acceptance and Donor Recognition Policy. The purpose of this document
More informationA DONOR S GUIDE. https://rcf.reninc.com RCF A DONOR S GUIDE 1 RCF_DG_
A DONOR S GUIDE RCF A DONOR S GUIDE 1 Helping your philanthropy go further You know how gratifying it is to support a worthy cause. What if you could create an enduring legacy through your charitable contributions?
More informationEastern Washington University Foundation Gift Acceptance Policies and Guidelines
Eastern Washington University Foundation Gift Acceptance Policies and Guidelines Board Approved: June 22, 2007 Revised & Approved: October 21, 2010 Revised & Approved: April 16, 2014 Finance Committee
More informationA DONOR S GUIDE. https://rcf.reninc.com RCF A DONOR S GUIDE 1 RCF_DG_
A DONOR S GUIDE RCF A DONOR S GUIDE 1 Helping your philanthropy go further You know how gratifying it is to support a worthy cause. What if you could create an enduring legacy through your charitable contributions?
More informationTo set forth the underlying values of the University of Florida Foundation, Inc., which provide a basis for all policies, procedures, and directives.
University of Florida Foundation, Inc. Statement of Values Policy #: 1.01 Effective Date: May 22, 2008 Responsible Department: Administration To set forth the underlying values of the University of Florida
More informationMaking a Bequest. Professor Jayanti Bandyopadhyay
Making a Bequest WITH YOUR ESTATE PLAN, YOU CAN NAME SALEM STATE AS THE BENEFICIARY OF A PORTION OF YOUR ESTATE, OR ASSETS WITHIN YOUR ESTATE. For many alumni and friends, this is the surest way to make
More informationMOREHEAD STATE UNIVERSITY FOUNDATION, INC. Financial Statements. Years Ended June 30, 2017 and 2016 with Report of Independent Auditors
MOREHEAD STATE UNIVERSITY FOUNDATION, INC. Financial Statements Years Ended June 30, 2017 and 2016 with Report of Independent Auditors CONTENTS Pages Report of Independent Auditors... 1 2 Financial Statements:
More informationKANSAS STATE UNIVERSITY FOUNDATION. Manhattan, Kansas FINANCIAL STATEMENTS WITH REPORT OF CERTIFIED PUBLIC ACCOUNTANTS
FINANCIAL STATEMENTS WITH REPORT OF CERTIFIED PUBLIC ACCOUNTANTS Years Ended VARNEY & ASSOCIATES, CPAs, LLC TABLE OF CONTENTS Page Report of Certified Public Accountants 1 Financial Statements Consolidated
More informationLeaving a Legacy. Your Guide to Charitable Giving
Leaving a Legacy Your Guide to Charitable Giving About Stifel Stifel is a full-service Investment firm with a distinguished history of providing securities brokerage, investment banking, trading, investment
More informationWalsh University Guide to Giving 3
Walsh University Guide to Giving Guide to Giving 3 Mission Statement M I S S ION S T A TE M ENT Walsh University is an independent, coeducational, Catholic, liberal arts and sciences institution. Founded
More informationUNIVERSITY OF WISCONSIN OSHKOSH FOUNDATION GIFT ACCEPTANCE POLICY
UNIVERSITY OF WISCONSIN OSHKOSH FOUNDATION GIFT ACCEPTANCE POLICY Approved by the Foundation Board of Directors 10/23/08 PART ONE: GLOSSARY OF KEY TERMS Gift: A voluntary transfer of cash and kind, from
More informationLeave a Lasting Legacy. Provide for Future Generations Through Planned Giving
Leave a Lasting Legacy Provide for Future Generations Through Planned Giving FROM THE PRESIDENT Table of Contents The Rewards of Personal Philanthropy...3 A Current Will or Trust.. 4 Outright Gift of Cash
More informationCharitable Giving: Tax Benefits and Strategies
Charitable Giving: Tax Benefits and Strategies CPAs Attorneys Enrolled Agents Tax Professionals Professional Education Network TM Contents 1 Introduction 2 Overview of Tax Benefits 3 Tax Treatment of Gifts
More informationFundamental Concepts
Blended Gifts How to Secure a Transformational Gift from a Major Gift Donor Practical Planned Giving Conference September 25-26, 2017 Dr. Eddie Thompson, CEO and Founder Thompson & Associates www.ceplan.com
More informationTHE COLORADO COLLEGE AND SUBSIDIARIES Colorado Springs, Colorado. FINANCIAL STATEMENTS June 30, 2011 and 2010
Colorado Springs, Colorado FINANCIAL STATEMENTS TABLE OF CONTENTS PAGE INDEPENDENT AUDITOR S REPORT... 1 FINANCIAL STATEMENTS Consolidated Statements of Financial Position... 2 Consolidated Statement of
More informationCharitable Remainder Trust
Charitable Remainder Trust Overview A Charitable Remainder Trust (CRT) allows a donor to make a tax-deductible gift to charity while retaining an income interest for life or a period of years. At the end
More informationSupporting Asbury. Asbury. Transforming Lives... Retreat Center
Supporting Asbury Transforming Lives... Asbury Retreat Center Those who have experienced the spirit of Asbury... have a common thread that weaves their lives together. With this bond, comes the opportunity
More informationComprehensive Annual Financial Report For the year ended September 30, 2007
2007 Financial Report Comprehensive Annual Financial Report For the year ended September 30, 2007 2007 Financial Report This report was prepared by the Office of Associate Vice President for Business &
More informationHigher Education Survey
Higher Education Survey FY2017 1 of 14 Section 1. Pledges & Testamentary Commitments A. Outstanding Pledges Report the number and dollar amount of new contributions pledged (unconditionally) during the
More informationThe Catholic Foundation is a unique charitable endowment developed to
The Catholic Foundation is a unique charitable endowment developed to serve the Catholic community by promoting and facilitating philanthropy, prudently investing and managing donor resources, and generously
More informationBROOKINGS PARTNERS YEAR-END GIFT PLANNING GUIDE. Dr. Ann Johanson Going the Distance for Students RECOGNIZING THE IMPORTANCE OF PLANNED GIFTS
BROOKINGS PARTNERS RECOGNIZING THE IMPORTANCE OF PLANNED GIFTS FALL 2015 YEAR-END GIFT PLANNING GUIDE Dr. Ann Johanson Going the Distance for Students YEAR-END GIFT PLANNING GUIDE The following quick reference
More informationGIFT ACCEPTANCE POLICY
GIFT ACCEPTANCE POLICY Last Revised February 24, 2017 Last Reviewed February 24, 2017 I. PURPOSE AND PRINCIPLES... 3 A. Purpose of the Gift Acceptance Policy... 3 B. Principles... 3 1. Ensure gifts are
More informationForever BUCKEYES. Securing the Future of Ohio State Athletics Today THE OHIO STATE UNIVERSITY DEPARTMENT OF ATHLETICS
Forever BUCKEYES Securing the Future of Ohio State Athletics Today THE OHIO STATE UNIVERSITY DEPARTMENT OF ATHLETICS 2 HELP SUPPORT THE SUCCESSFUL FUTURE OF OUR STUDENT ATHLETES WHAT IS BUCKEYES FOREVER?
More informationBROOKINGS PARTNERS TOGETHER, WE HONOR THOSE WHO ENRICHED OUR LIVES RECOGNIZING THE IMPORTANCE OF PLANNED GIFTS
BROOKINGS PARTNERS RECOGNIZING THE IMPORTANCE OF PLANNED GIFTS SPRING 2015 TOGETHER, WE HONOR THOSE WHO ENRICHED OUR LIVES Veronica and Jonathan Schmerling Remembering Elizabeth Flexible Gift Planning
More information411. Minimum Standards, Acceptance, and Reporting of Gifts and Use of Gift Revenue
411. Minimum Standards, Acceptance, and Reporting of Gifts and Use of Gift Revenue I. Purpose and Application of Rule This Rule sets forth expectations of the Board of Trustees related to gifts. The Rule
More informationUniversity of Pittsburgh Procedure Non-Cash Gifts
1 of 6 Category: Development Section: Gifts and Grants Related policy: Contents: Procedure Summary Acronyms and Definitions Responsibilities Procedures University Policies, Procedures, and Other Documents
More informationTHE COLORADO COLLEGE AND SUBSIDIARIES Colorado Springs, Colorado. FINANCIAL STATEMENTS June 30, 2012 and 2011
Colorado Springs, Colorado FINANCIAL STATEMENTS TABLE OF CONTENTS PAGE INDEPENDENT AUDITORS REPORT... 1 FINANCIAL STATEMENTS Consolidated Statements of Financial Position... 2 Consolidated Statement of
More informationAuburn University Report on Federal Awards in Accordance with OMB Circular A-133 For the Year Ended September 30, 2012 EIN:
Auburn University Report on Federal Awards in Accordance with OMB Circular A-133 For the Year Ended September 30, 2012 EIN: 63-6000724 Auburn University Report on Federal Awards in Accordance with OMB
More informationPhilanthropic accounts for individuals and families. The Value in Giving
Philanthropic accounts for individuals and families The Value in Giving Vanguard Charitable is one of the largest charities in the United States. We were founded by Vanguard in 1997 as an independent nonprofit
More informationCLEMSON UNIVERSITY FOUNDATION (A Component Unit of Clemson University)
FINANCIAL STATEMENTS As of and for the Years Ended June 30, 2017 and 2016 And Report of Independent Auditor TABLE OF CONTENTS REPORT OF INDEPENDENT AUDITOR... 1-2 FINANCIAL STATEMENTS Statements of Financial
More informationUniversity Advancement
University Advancement Vice Chancellor s Report Kenneth E. Sigmon, Jr. Vice Chancellor for University Advancement February 19, 2016 North Carolina Agricultural and Technical State University Agenda FY16
More informationTHE DIOCESE OF EAST TENNESSEE GIFT ACCEPTANCE POLICY (Approved by Bishop and Council, Jan. 14, 2000)
THE DIOCESE OF EAST TENNESSEE GIFT ACCEPTANCE POLICY (Approved by Bishop and Council, Jan. 14, 2000) PURPOSE To ensure its accountability to donors, the Diocese has adopted the following gift acceptance
More informationpartners through giving
partners through giving Generosity, foresight, financial savvy, and strategic thinking the essence of a planned gift to Yale. Partners Through Giving A solid financial future it is a goal that you and
More informationCollege of Charleston Foundation. Financial Statements. June 30, 2011
Financial Statements Table of Contents Independent Auditor s Report... 1 Statement of Financial Position... 2 Statement of Activities... 3 Statement of Cash Flows... 4... 5-16 Independent Auditors Report
More informationEndowment and Gift Accounting
Endowment Manual Endowment and Gift Accounting Location University Financial Services Accounting and Financial Reporting Services 371 Peterson Service Building, 0005 Contact endowment@uky.edu Website https://www.uky.edu/ufs/endowment-and-gift-accounting
More informationPROCEDURE POLICY DEFINITIONS ER ENDOWMENT MANAGEMENT. Section: Subject: External Relations (ER) Fundraising. APPROVED: President and CEO
Section: Subject: External Relations (ER) Fundraising Legislation: Trustee Act (RSA 2000 ct-8) Effective: January 25, 2011 Revision: June 6, 2016;September 1, 2016 (reformatted) ER.3.4.1 ENDOWMENT MANAGEMENT
More informationThe Ohio University Foundation and Subsidiaries
The Ohio University Foundation and Subsidiaries Consolidated Financial Statements as of and for the Years Ended with Supplemental Schedules as of and for the Year Ended June 30, 2013 and Independent Auditor
More informationPNC CENTER FOR FINANCIAL INSIGHT
PNC CENTER FOR FINANCIAL INSIGHT Tax Reform and Philanthropy: Exploring Why and How You Give The new tax law will have sweeping implications on charitable giving, creating a greater urgency to examine
More informationFrequently Asked Questions ENDOWMENT FUNDS
Frequently Asked Questions ENDOWMENT FUNDS 1. Do I Need a Will? Most likely. Without a will, the laws of the state will determine who will receive your assets and who will manage your estate. As a result,
More informationGift Planning Essentials. Audrey Klein-Leach Senior Director of Development, Gift Planning Oregon State University Foundation September 18, 2015
Gift Planning Essentials Audrey Klein-Leach Senior Director of Development, Gift Planning September 18, 2015 Gift Planning Vehicles 2 Planned Giving: Myths & Hurdles MYTH: Planned giving is only for older
More informationAuburn University Report on Federal Awards in Accordance with OMB Circular A-133 For the Year Ended September 30, 2015 EIN:
Auburn University Report on Federal Awards in Accordance with OMB Circular A-133 For the Year Ended September 30, 2015 EIN: 63-6000724 Auburn University Report on Federal Awards in Accordance with OMB
More informationCharitable Remainder Trust
Charitable Remainder Trust Overview A Charitable Remainder Trust (CRT) allows a donor to make a tax-deductible gift to charity while retaining an income interest for life, or for a period of years (not
More informationCharitable Trusts. proof
P l a n n i n g Y o u r F i n a n c e s Trusts It s a double satisfaction. Give to a charity and feel good because you have helped the charity s work. Feel as good or better because you have also helped
More informationPLANNED GIVING CREATIVE OPPORTUNITIES TO CONTRIBUTE (U.S.)
PLANNED GIVING CREATIVE OPPORTUNITIES TO CONTRIBUTE (U.S.) A Guide for Donors Not everyone has disposable assets to fund an outright gift of cash or securities to demonstrate their regard for Rotary. To
More informationCLEMSON UNIVERSITY FOUNDATION (A Component Unit of Clemson University)
FINANCIAL STATEMENTS As of and for the Years Ended June 30, 2014 and 2013 And Report of Independent Auditor TABLE OF CONTENTS REPORT OF INDEPENDENT AUDITOR... 1-2 FINANCIAL STATEMENTS Statements of Financial
More informationCentral Indiana Community Foundation, Inc. The Indianapolis Foundation, Inc. Legacy Fund, Inc. and Affiliated Organizations
Independent Auditor s Report and Combined and Consolidated Financial Statements Affiliated Organizations include: The William E. English Foundation Indianapolis Parks Foundation, Inc. McCaw Family Foundation,
More informationTHE COMMUNITY FOUNDATION OF EASTERN CONNECTICUT, INC.
THE COMMUNITY FOUNDATION OF EASTERN CONNECTICUT, INC. FINANCIAL STATEMENTS DECEMBER 31, 2017 CONTENTS Independent Auditors Report 1-2 Statement of Financial Position - December 31, 2017 with Summarized
More informationLife Income Gifts 4/19/2016. How a Life Income Gift Works. Rebecca E. Dupras, Esq. Vice President of Development Silicon Valley Community Foundation
Life Income Gifts Rebecca E. Dupras, Esq. Vice President of Development Silicon Valley Community Foundation How a Life Income Gift Works Gift Donor Life Income Gift Remainder to Charity Income tax deduction
More informationUniversity of West Florida Foundation Gift Acceptance General Policy and Specific Policies
University of West Florida Foundation Gift Acceptance General Policy and Specific Policies Overview The University of West Florida Foundation, Inc. (the Foundation ) is a tax-exempt entity receiving charitable
More informationDon t let your development success become an accounting nightmare P R E S E N T E D B Y :
Don t let your development success become an accounting nightmare P R E S E N T E D B Y : Kelli Boyle, CPA kboyle@nathanwechsler.com Jeanine Tousignant jeanine@mcmusicschool.org Welcome! Topics we will
More informationEndowment Program ensuring the future
Endowment Program ensuring the future Cokesbury United Methodist Church 14806 Blackburn Road Woodbridge, Virginia 22191 (703)494-5400 http://www.cokesburyumc.us/ COKESBURY UNITED METHODIST CHURCH ENDOWMENT
More informationCHARITABLE REMAINDER ANNUITY TRUST VS. UNITRUST. Presented for Valued Client
Presented for Valued Client Presented by John M. Webster HMS Insurance Associates, Inc. johnwebster@financialguide.com 443-632-3436 Page 1 of 7 The Concept A charitable remainder trust is a split-interest
More informationMission, Vision Statement, Bylaws and Policies of the State University College at Oneonta Foundation Corporation
Mission, Vision Statement, Bylaws and Policies of the State University College at Oneonta Foundation Corporation May Not Be Duplicated State University College at Oneonta Foundation Corporation 2017 Contents
More informationA Gift Giving Program for Sport in Saskatchewan. Information Package
A Gift Giving Program for Sport in Saskatchewan Information Package Dear Provincial Sport Organization: Raising money for amateur sport is entering a new era. Although traditionally very successful in
More informationCommunity Foundation of the Lowcountry Inc. & Supporting Organization. Combined Financial Statements. For the years ended. June 30, 2018 and 2017
` Community Foundation of the Lowcountry Inc. & Supporting Organization Combined Financial Statements For the years ended June 30, 2018 and 2017 TABLE OF CONTENTS PAGE Independent Auditors Report 1 Combined
More informationKingdom Advisors Charitable Giving Tool Kit
I. Outright charitable gift arrangements Kingdom Advisors Charitable Giving Tool Kit Gifts of appreciated publicly-traded stock or real estate: For most donors, gifts of appreciated assets are more beneficial
More informationBROOKINGS PARTNERS. TOGeTher, OUr IMPaCT IS GreaT Drs. harriet Switzer and David Cronin Sharing the Gift of Education
BROOKINGS PARTNERS RECOGNIZING THE IMPORTANCE OF PLANNED GIFTS SUMMER 2014 TOGeTher, OUr IMPaCT IS GreaT Drs. harriet Switzer and David Cronin Sharing the Gift of Education Passing Along Gifts Given to
More informationForest Service Funding Source FY 2015*
Colorado State Forest Service The mission of the Colorado State Forest Service is to achieve stewardship of Colorado s diverse forest environments for the benefit of present and future generations. The
More informationDonor Advised Fund. New Bremen Foundation Fund Agreement. P.O. Box 97, New Bremen, Ohio 45869
03-19-14 Donor Advised Fund New Bremen Foundation Fund Agreement P.O. Box 97, New Bremen, Ohio 45869 I. General Information A. FUND DONOR Fill in all areas. Individual Trust/Foundation Estate Corporation
More informationA Guide to Planned Giving
A Guide to Planned Giving 2 Dear Friend, Are you looking for ways to save on your taxes this year through charitable giving? Would you like to avoid capital gains tax on the sale of your appreciated assets?
More informationGeorgia State University Foundation. Financial Audit Report June 30, 2017
Georgia State University Foundation Financial Audit Report June 30, 2017 GEORGIA STATE UNIVERSITY FOUNDATION, INC. AND SUBSIDIARIES FINANCIAL REPORT JUNE 30, 2017 TABLE OF CONTENTS INDEPENDENT AUDITOR
More informationWE ARE CALLED AUGGIES. July 31, Dear Reader,
July 31, 2016 Dear Reader, Thank you. You ve likely been provided with a copy of this document because you are a donor to Augsburg College or you are considering a very special gift. We appreciate your
More informationWhy I Give Thoughts of a Nursing Faculty Member
TorchlIGhT Perspectives on tax-wise - charitable giving SPRINg 2018 Why I Give Thoughts of a Nursing Faculty Member Clinical assistant professor in the Rory Meyers College of Nursing, Fidel Lim MS 96 shares
More informationTOMORROW'S PROMISE THE COMPREHENSIVE CAPITAL CAMPAIGN FOR FLORIDA A&M UNIVERSITY
F A M U D I V I S I O N O F U N I V E R S I T Y A D V A N C E M E N T TOMORROW'S PROMISE THE COMPREHENSIVE CAPITAL CAMPAIGN FOR FLORIDA A&M UNIVERSITY 1 C O M P R E H E N S I V E C A P I T A L C A M P
More informationGIFT ACCEPTANCE POLICIES AND PROCEDURES OFFICE OF ADVANCEMENT
LOYOLA UNIVERSITY MARYLAND GIFT ACCEPTANCE POLICIES AND PROCEDURES OFFICE OF ADVANCEMENT Office of Advancement Gift Acceptance Policies and Procedures Table of Contents General Principles...1 Responsibility
More informationPlanned Giving. A Philanthropist s Guide to Federal Taxes The Most Flexible Tax-Saving Tool: The Charitable Deduction
1/7 Planned Giving An Investment in Cape Cod s Future A Philanthropist s Guide to Federal Taxes 2018 The Most Flexible Tax-Saving Tool: The Charitable Deduction A distinguishing characteristic of American
More informationHawai i Community Foundation
2015 SUMMARY HIGHLIGHTS Hawai i continues to have high levels (93%) of household participation in giving cash, goods or time (volunteering). Volunteering is at the highest level seen in these giving studies
More informationDonor Advised Fund Guidelines
Policy Revised Dec 2011 Reviewed Nov 2013 Donor Advised Fund Guidelines Donor Advised Funds give donors an unparalleled opportunity to: play an active, personal role in their charitable giving; enhance
More informationGift Acceptance Policy Rochester Institute of Technology. Table of Contents
Gift Acceptance Policy Rochester Institute of Technology Table of Contents I. Introduction 1 II. Engagement 1 III. Ethical Consideration and Conflict of Interest 2 IV. Legal Counsel 2 V. Commitment Documentation
More information