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The 51³Ô¹ÏºÚÁÏ Foundation is an IRS Code 501(c)(3) nonprofit organization that seeks and manages gifts to the university. It was founded in November 1981 to coordinate all private giving for 51³Ô¹ÏºÚÁÏ. The Foundation solicits, receives, and administers gifts and financial resources from private sources for the benefit of all programs of the university. Gifts to 51³Ô¹ÏºÚÁÏ through the Foundation each year provide scholarships, research facilities, equipment, and other enhancements that improve the quality of higher education. Earnings from the 51³Ô¹ÏºÚÁÏ Foundation endowment also provide a dependable, long-term source of income for the university. As a public nonprofit organization, the Foundation has members and no capital stock.

Gifts made to the Foundation for the benefit of the university are voluntary investments from individuals, corporations, and philanthropic foundations. The nonprofit 501(c)(3) structure legally protects the private nature of the gifts and the donor's anonymity when requested. The Foundation, through its exercise of trust and fiduciary responsibility, gives donors additional confidence that their gifts will be used in accordance with their wishes and to enhance programs rather than replace state support. In fact, Foundation funds cannot be appropriated for other purposes.

Private funds are important to the people who study, teach, and conduct research at universities, including 51³Ô¹ÏºÚÁÏ. Private support increases the quality of the educational experience and the ability of the university to conduct groundbreaking research and discovery.

The size of the gift you make is entirely up to you. Contributions of all sizes are important and are gratefully accepted. Every charitable dollar the university receives has the potential for exponential impact as it helps 51³Ô¹ÏºÚÁÏ leverage its most valuable skills — research, teaching, and community service — for the benefit of our entire community.

An endowment fund is built through gifts of financial assets that are given with the stipulation that only the income earned by the assets can be used. Since an endowment's principal is not spent, these funds create financial stability, allowing 51³Ô¹ÏºÚÁÏ to be less dependent on unpredictable sources of revenue, such as government support or research grants. 51³Ô¹ÏºÚÁÏ’s endowment funds are professionally invested and managed by the Foundation. Each spring, the Foundation's Finance and Investment Committee meets to review the endowment management policy and determine the amount of money to be disbursed to each separately endowed academic and athletic scholarship and program maintained by the 51³Ô¹ÏºÚÁÏ Foundation.

Named-endowment funds offer donors an opportunity to associate the name of a family or individual with a project or program of enduring worth.

Endowment opportunities at 51³Ô¹ÏºÚÁÏ range from scholarships to athletics to faculty support. The minimum levels to establish a named endowment range from $30,000 for a student scholarship or support program to $1 million for endowed faculty support.

Yes! You may designate support to one or more colleges, departments, programs, or projects. You may also choose to leave your gift unrestricted, which means support is applied to the areas of greatest need. Many donors do both with multiple gifts.

Although both unrestricted and restricted gifts are welcome, unrestricted gifts are of critical importance because they allow the university to provide funding in the areas of greatest need to meet unexpected challenges, take advantage of unique opportunities, and meet the many day-to-day challenges of modern higher education.

On the other hand, restricted gifts are earmarked for specific purposes chosen by the donor, such as an endowed scholarship or professorship, program, or building.

Unrestricted gifts provide a source of funds to 51³Ô¹ÏºÚÁÏ that are not limited to specific program uses in colleges and departments. These gifts are used where needed most throughout the institution and may provide resources to help recruit top faculty, create scholarship programs and internship opportunities, and enhance the intellectual life of the campus.

A portion of the unrestricted funds – those intended for use as discretionary funds – may be reinvested in the university's ongoing fundraising and development efforts. This money may be used for operating expenses, travel, hosting, and university receptions to produce further gifts.

Gifts to the 51³Ô¹ÏºÚÁÏ Foundation, Inc., a 501(c)(3) charitable organization, are fully tax-deductible to the extent allowed by law. Please consult with your tax attorney or financial advisor to determine if your gift is tax-deductible.

Yes. If you donate equipment or supplies, which would be referred to as a gift-in-kind, you will be provided a contribution receipt for items given and be recognized for the value of those gifts that have been properly documented. Documentation through a receipt, invoice, or other instrument must be submitted at the time the gift-in-kind occurs in order to establish a value for the items donated. Please consult with your tax attorney or financial advisor to determine if your gift-in-kind is tax-deductible.

51³Ô¹ÏºÚÁÏ is pleased to recognize donors to all campus programs in a variety of ways, including honor rolls in printed and online publications and membership in societies to recognize cumulative giving and estate gifts. Donors will also receive special correspondence from the 51³Ô¹ÏºÚÁÏ President and other campus leadership, invitations to campus and community events, and updates through campus communications such as 51³Ô¹ÏºÚÁÏ Magazine and college and program publications.

A Board of Trustees oversees the management of Foundation operations.

Each year, the Foundation contracts with an outside firm to audit its books. The Foundation also presents an annual report to the Board of Regents.

The Foundation's fiscal year begins July 1 and ends June 30.