Every year, the Boise State University Foundation processes gifts of all sizes. We value every gift and handle each one professionally, respectfully and efficiently. Our ultimate goal is to fulfill our legal and ethical responsibilities for the acceptance, investment and distribution of your gifts. Depending on the gift, we complete some or all of the following steps:
We provide a gift agreement or letter of intent. These documents outline the purpose, form, schedule and administration of the gift.
We convert gifts to cash. Non-cash gifts are converted to cash as soon as practically and prudently possible.
We place the gift in a designated fund. To ensure spending according your direction, a separate fund is established when your gift’s purpose is sufficiently distinct.
We send a receipt. We send a written acknowledgment for every gift in accordance with IRS regulations.
We apply applicable fees. A one-time gift fee, up to 4%, is charged to support University Advancement. Additionally, all endowments are assessed a quarterly administrative fee. These fees do not affect the portion of your donation considered a charitable donation for IRS receipting and University giving totals.
We invest the monies. The Foundation Board approves guidelines to invest gift monies in programs that match the return and risk profiles with the designated purpose for the gift.
We disburse funds to the University. For expendable gifts, all monies are immediately available for University spending. We disburse monies as requested by the University after we confirm the requested spending matches the designated purpose for the monies. For endowed gifts, the Foundation makes cash available for spending based on the Board approved distribution rate, currently 4%, again, only for the designated purpose.