The Annual Report on External Support to the California State
University includes tables detailing "gift commitments." Using a
reporting convention that is a variation of the accrual system, these tables
present what is thought to be the best perspective on the level of current
philanthropic productivity. The methodology includes new gifts, new
pledges up to five years in duration, and new documented testamentary
provisions. The philanthropic support total is presented to highlight the
results of current year fundraising efforts.
The data presented under "gift receipts" conforms to reporting standards
employed by the national Voluntary Support of Education (VSE) Survey
conducted by the Council for Aid to Education. This survey is completed
by over 85 percent of all colleges and universities for comparative
purposes. The VSE survey uses a cash-based methodology that includes
new gifts and pledge payments (gift receipts), but does not include new
pledges or revocable testamentary provision. This reporting convention
is thought to present the best cash flow perspective. The charitable gift
source and purpose detail presented in this report utilizes data submitted
through the VSE survey.
For the purposes of this report, deferred gifts, pledges and testamentary commitments are
recorded at face value. This differs from accounting standards used to produce the annual
audited financial statements. In audited financial statements, the gift asset is recorded at
the discounted present value. Also based on an accrual method, financial statements record
unconditional pledges on the revenue side at the time they are promised, and balance the
asset with receivable accounts that are reduced as pledge payments are recorded. Due to the
difference in reporting conventions, data presented in this External Resources report will vary
from the audited financial statements.
Grants and contract data represents figures submitted in the annual audited financial statements
under "Grants and Contracts, non-capital." These numbers are the consolidated total
of university and auxiliary income categories as defined below.