UEvansville Fund Gift Allocation on Restricted Gifts

What is the UEvansville Fund Gift Allocation on Restricted Gifts?

The UEvansville Fund Gift Allocation is a one-time contribution to the UEvansville Fund on restricted gifts and pledges. This allocation will help sustain and invest in the operations of the University, which includes the Office of University Advancement. Further, it will contribute to the Office of University Advancement’s ability to provide transparent and accountable reporting to donors and to the university, maintain accurate donor records, effectively manage and invest monies on behalf of the University, and continue connecting alumni and friends to philanthropic opportunities that benefit the University of Evansville.

How does the UEvansville Fund Gift Allocation benefit the restricted areas our donors support?

The UEvansville Fund Gift Allocation will improve our capacity to grow private giving to the University of Evansville. To be effective, fundraising requires financial operating resources to cover the costs related to soliciting, processing, and stewarding private contributions to all areas of campus.

How will the UEvansville Fund be applied?

Upon receipt of a restricted gift or pledge, the University will deduct the one-time allocation from the amount gifted. While the UEvansville Fund will have only a minor effect on individual funds, its collective impact will encourage sustained growth in private support across the University.

This allocation will apply as follows:

• 5% on all gifts less than $500,000
• 3% on all gifts equal to or in excess of $500,000.
• The maximum amount of UEvansville Fund Gift Allocation assessed on a single gift shall not exceed $250,000.

Is the UEvansville Fund Gift Allocation charged in addition to my donation?

Not at all. The UEvansville Fund Gift Allocation is automatically deducted from the restricted amount you choose to give or pledge. You are not expected to increase your gift amount to pay the allocation, although some may choose to do so. Five percent of your total restricted gift or pledge will be allocated to the UEvansville Fund, and 95 percent will directly benefit the UE program you chose to support. You will receive full donor credit and tax credit for 100% of your total donation.

Does the UEvansville Fund Gift Allocation affect the tax deductibility of contributions?

It does not affect the tax deductibility of gifts and you will receive full credit for the total contributed amount.

Does the UE Fund Gift Allocation apply to gifts to endowed funds?

Yes. The UEvansville Fund Gift Allocation applies to all restricted gifts and pledge commitments made to establish or contribute to endowed funds. It does not affect donor recognition or naming opportunities and donors will receive full credit for the total contributed amount.

Does the UE Fund Gift Allocation apply to pledge payments?

No. At the time the restricted pledge is made, a one-time UEvansville Fund Gift Allocation will apply. Payments on restricted gift pledges will not be assessed as an additional UEvansville Fund Gift Allocation.

What about gifts made by credit card or gifts of stock?

The UEvansville Fund Gift Allocation applies to restricted gifts made by credit card and gifts made by transfer of stock or securities. To simplify these transactions for our donors and to benefit the UE area where these gifts are designated, the University will absorb any credit card processing fees assessed for those credit cards processed by the Office of University Advancement, as well as any processing fees associated with the transfer of stock or securities.

Does the UEvansville Fund Gift Allocation apply to recurring automatic contributions (credit card, EFT, payroll deduction, etc.)?

Yes. The UEvansville Fund Gift Allocation will apply to all recurring, restricted gifts.

Will the donor be able to create an endowment with a gift of the minimum amount?

Yes. Endowment minimums are based on the donor’s total gifted amount, not the amount invested net of the UEvansville Fund Gift Allocation.

What about matching gifts?

Yes. The UEvansville Fund Gift Allocation does apply for matching gifts.

Does the UEvansville Fund Gift Allocation apply to in-kind, non-cash, or real estate gifts?

If an in-kind, non-cash, or real estate asset is sold, and the net proceeds benefit UE, then the UEvansville Fund Gift Allocation will be collected from the net proceeds received in the sale of that item. If the in-kind contribution or service is not sold, then the UEvansville Fund Gift Allocation will not apply.

Can the UEvansville Fund Gift Allocation be waived?

The UEvansville Fund Gift Allocation cannot be waived, but there are specific instances where it will not apply. Gift revenue received from the UE License Plate program and the UEvansville Fund are exempt. The UEvansville Fund Gift Allocation will not apply for a private foundation that has a written policy stating it will not pay gift fees. The UEvansville Fund Gift Allocation will not be applied to non-cash gifts (in-kind, service, real estate) that will not or cannot be sold.

Can a donor increase their gift amount to cover the UEvansville Fund Gift Allocation?

Yes. A donor may choose to increase their gift amount to offset the UEvansville Fund Gift Allocation to ensure that more of their contribution is directed to the UE area they wish to support.