2010-11 Philanthropic Annual Report

Definition of Terms

Data Collection

Charitable Gift Commitments
The data represents current year performance in developing philanthropic support for the institution. In addition to recognizing new gifts generated to support the institution, this measure acknowledges the important work achieved in securing on going commitments through multi year pledges and support promised through testamentary provisions in wills, trusts, and beneficiary designations. These numbers will not reconcile to the annual audited financial statements that use accounting standards.

Charitable Gift Receipts
Charitable gift receipts, also known as voluntary support, represents all gift income received in the form of cash, securities, in-kind contributions, irrevocable future commitments, and private charitable grants. For the purposes of this report, gifts are counted at face value. These national gift-reporting standards are defined by the Council for Advancement and Support of Education and the National Association of College and Business Officers. The Council for Aid to Education utilizes these standards in the annual Voluntary Support of Education survey. These numbers will not reconcile to the annual audited financial statements that use accounting standards.

Endowment Market Value
The endowment market value includes assets held by both the university and its auxiliaries in all of the following categories:

  • True endowment
    Funds provided to the institution, the principal of which is not expendable by the institution under the terms of the agreement that created the fund.
  • Term endowment
    Similar to true endowment except that all or part of the funds may be expended after a stated period or upon the occurrence of a certain event as stated in the terms governing the funds.
  • Quasi-endowment
    Funds functioning as endowment such as surplus funds that have been added to the endowment fund, the principal of which may be spent at the discretion of the governing board.

Group I
Universities categorized within Group I generally have less than 5,000 individual donors, less than 10 full-time professional fundraisers, and less than $25 million in endowment market value. These advancement programs are building infrastructure and are striving toward raising gift commitments that are equivalent to 10 percent of the state general fund allocation.

Group II
Universities categorized within Group II generally have between 5,000 and 10,000 individual donors, between 10 and 20 full-time professional fundraisers, and between $25 million and $50 million in endowment market value. These advancement programs are maturing and are expected to raise gift commitments that are equivalent to 10 percent to 15 percent of the state general fund allocation.

Group III
Universities categorized within Group III generally have over 10,000 individual donors, over 20 full-time professional fundraisers, and over $50 million in endowment market value. These more mature advancement programs have developed successful annual fund, major gift and planned giving operations complemented by strong alumni and communication programs. These programs are expected to raise gift commitments that are greater than 15 percent of the state general fund allocation.

Pledges
Gift commitments paid in installments over a period of time, not to exceed five years. Pledges must be documented and are counted at face value.

Purpose of Gift
Refers to the donorís expressed intention for the use of the gift.

  • Unrestricted
    Gifts given to the institution without any restriction, regardless of any subsequent designation by the institution.
  • Restricted
    Gifts that have been restricted to support academic divisions, athletics, faculty compensation, research, public service, library operations, physical plant maintenance, student financial aid, or other restricted purposes.
  • Property, Buildings, and Equipment (Campus Improvement)
    • Outright gifts of real and personal property for the use of the institution;
    • Gifts made for the purpose of purchasing buildings, other facilities, equipment, and land for the institution;
    • Gifts restricted for construction or major renovation of buildings and other facilities; and
    • Gifts made for retirement of indebtedness.
  • Endowment
    Funds to be retained and invested for income-producing purposes.
  • Loan Funds
    Outright gifts restricted by donors to be available for loans to students, faculty and staff.
  • Deferred Gifts
    Irrevocable commitments such as charitable gift annuities, charitable remainder trusts (including those administered outside the institution), gifts to pooled income funds, and remainder interests in property.

Source of Gift
Sources of gifts are defined as those entities (individuals or organizations) that transmit the gift or grant to the institution.

  • Alumni
    Former undergraduate or graduate students who have earned some credit toward one of the degrees, certificates or diplomas offered by the institution for whom the university has a reasonable means of contacting. It is within the discretion of each university to limit alumni status to individuals who have obtained a degree and/or credential.
  • Parents
    These are individuals, other than alumni, who are the parents, guardians or grandparents of current or former students at the institution. An affiliation as an alumnus takes precedence over that of a parent for the purpose of this report.
  • Other Individuals
    This includes all other persons, including governing board members, who are not classified as either alumni or parent.
  • Foundations
    Personal/family foundations and other foundations and trusts that are private taxexempt entities operated exclusively for charitable purposes. It does not include company-sponsored foundations.
  • Corporations
    This category includes corporations, businesses, partnerships, and cooperatives that have been organized for profit-making purposes, including corporations owned by individuals and families and other closely held companies. This category also includes company-sponsored foundations as well as industry trade associations.
  • Other Organizations
    Organizations not reported elsewhere, including religious and community organizations, fundraising consortia, and any other nongovernmental agencies.

Testamentary Commitments
This category includes new estate provisions made in a will, revocable trust or beneficiary designation for which the institution has documentation. These provisions are counted at face value.