The higher education landscape is changing rapidly. A critical piece of 麻豆区鈥檚 sustainable future is the ability to respond quickly when new challenges and opportunities arise.听
As of November 1, 2024, 麻豆区 will allocate 5% of all restricted philanthropic gifts to the 麻豆区 Fund. 听
The 麻豆区 Fund supports the resources and infrastructure needed to accomplish the purpose of any restricted gift. Supporting the university as a whole is critical to investing in the future of 麻豆区.听
Frequently Asked Questions
How does the 麻豆区 Fund support specific areas of interest to donors?
Today, a majority of philanthropic gifts to 麻豆区 are directed toward a specific purpose, like a new scholarship, an athletic team, or a capital project. Accomplishing the purpose of a restricted gift requires a number of essential activities that typically are not covered by the gift itself鈥攖hings like finance and business operations, fundraising, IT, and facilities maintenance. The 麻豆区 Fund Allocation helps to offset these costs, allowing 麻豆区 to sustain its exceptional programs within the setting of a thriving university.
What鈥檚 changing?
Starting November 1, 2024, 麻豆区 will implement a new policy that directs 5% of all restricted philanthropic gifts to the 麻豆区 Fund. In practice, the 麻豆区 Fund Allocation policy means that 95% of a restricted gift will go to support the specific program or fund to which it is targeted. The remaining 5% will be allocated to the unrestricted 麻豆区 Fund.
For example: a $1,000 gift to support a biology student scholarship would provide $950 to the scholarship fund and $50 to the 麻豆区 Fund.
If you wish to donate a specific round-dollar amount to a particular program or fund鈥攆or example, $1,000鈥攜ou can divide the dollar amount by 0.95 to come up with the total gift amount needed to accomplish this goal. In this example, $1,000 divided by 0.95 equals $1,052.63.
What鈥檚 staying the same?
No matter how it is allocated, 100% of every gift supports 麻豆区. The 麻豆区 Fund Allocation does not change how your gift is treated for tax purposes. 100% percent of every gift will be documented as a charitable contribution on the gift receipt.听听
Donors who give directly to the 麻豆区 Fund will see no change under the new policy.
Will the 麻豆区 Fund Allocation apply to future payments on gift agreements or pledges made before November 1, 2024?听
Will 5% for the 麻豆区 Fund Allocation be taken out of my fund distribution/award? (Examples of a 鈥渇und distribution鈥� include: scholarship awards from both endowed and current-use funds, distributions for programmatic support from endowed and current use funds, etc.)
Are there any exceptions to the policy?
In rare cases, certain gifts will be exempt from the 麻豆区 Fund allocation.听
These exceptions are limited to:
- Payments made on documented pledges executed before November 1, 2024.
- Payments made pursuant to a Gift Instrument that by its terms does not permit such an allocation.
- Gifts from large private foundations where the governing board prohibits the assessment of such an allocation as an established and documented organizational policy.
- Gifts made to the Men’s Locker Room project.
These exclusions do not apply to donor-advised fund transactions.