Title: Calling All Rice Leaders
1- Calling All Rice Leaders
- Group Fundraising
- Options and Opportunities on/off campus
- Paul J. Sutera, Leadership Giving Officer
- April 17, 2005
2- Goals for this Presentation
- Give an overview of fundraising at Rice
University - Share with you the on-campus funding
opportunities available - Show you some examples of successful
fundraising activities - Questions/Answers
3- Fundraising Basics
- Fundraising IS
- A non-profit organization with a vision and a
mission, leadership and volunteers, providing a
much needed service in the community, asking
others to join them in their crusade. - Fundraising IS NOT
- Begging
- A sales job
- Confrontational
- A one-way conversation
4My former position Assistant Director of
Development Student Affairs started in the
Spring 04 with the purpose of coordinating and
supporting fundraising efforts from young alumni
for various Student Affairs programs and
organizations training and educating student
affairs staff and students in fundraising
operations and opportunities and helping develop
among student leaders and appreciation for the
role of philanthropy at Rice.
5- Some of the many highlights with regards to
student clubs/organizations fundraising - ADVANCE received 2,500 from BP
- Engineers Without Borders has received over
29,000 since March 04 in donations - GATHER Resource Center received 2,500 to
purchase materials for the Center - Lacrosse team developed a solicitation that
yielded over 7,800 in gifts - Mock Trail has a successful letter writing
campaign for their speaker series and
regional/national competition Over 700 raised
in the first week! - Put together a division-wide mailing to the last
ten years of graduates asking them to support
clubs and organizations which has led to the
creation of the Student Clubs Organizations
Fund - Philharmonics received a donation of 5,600 to
enhance their recording abilities - Rice Crew put together a newsletter to inform
past members of current happenings - South Asian Society received a gift of 2,000
from Shell to sponsor their cultural performance - Wellness Center just received a 10,000
programming grant from the Gordon Foundation - Leadership Rice project Owl Parade has
currently raised over 6,000 (AND HOPEFULLY MORE
AFTER BIDDING CONCLUDES TODAY!) for student clubs
and organizations - Etc
6Then and Now With Regards to Fundraising Proacti
ve v. Reactive Your new contact in the
Development Office is
7- Holly Williams The one-stop shopping name to
know! - Holly D. Williams Student Activities
- Holly K. Williams Will Rice alumna 02
- Assistant Director of Development, Annual Gifts
- 713/348-4666
- hollykw_at_rice.edu
- (Fundraising Questions Contact)
8- On-Campus Funding Opportunities
- Student Activity Fund
- Why was this fund established? Created by Rice
students through blanket tax fees to provide
funding for events of a cultural, educational, or
otherwise valuable nature. - How do I apply? http//www.ruf.rice.edu/stact/Stu
ActFund.html - Total yearly allocation approximately 30,000.
Deadlines are 4 x per year. - Presidents Programming Fund
- Why was this fund established? Created by the
President of Rice to provide funding for student
events of a cultural, educational, or otherwise
valuable nature. - How do I apply? http//www.ruf.rice.edu/stact/Pre
sFund.html - Total yearly allocation approximately 20,000.
Deadlines are 4 x per year.
9- On-Campus Funding Opportunities
- Student Clubs Organizations Fund
- Established this Spring 05 to benefit student
clubs and organizations. Funding comes from a
variety of programs however, the monies are
donations from alumni. Will be administered
through Student Activities. Available funds will
vary year-to-year based on alumni gifts to this
fund. This year monies from the Owl Parade,
Kroger/Randall's Affinity Program, donations from
alumni solicitation, etc started the account. - Dr. Bill Wilson Student Initiative Grant
- The grant provides support for an innovative or
entrepreneurial student project to improve
student activities or campus life. BE CREATIVE.
The money can be used for any worthwhile student
project, however salaries and/or travel will not
be supported. Proposals are due on a date to be
determined each fall and the award is
approximately 5500. Any Rice student may submit
a proposal. Proposals can be sent to Dr. Bill
Wilson Grant, c/o Master, Wiess College, MS-738.
10- On-Campus Funding Opportunities
- Envision Grant
- Offers an avenue to fund individual projects.
Awarded proposals promote service, foster
leadership development, incorporate innovation,
plan for sustainability, and/or exhibit
creativity. The President provides funding for
the program. Projects are not restricted to
efforts on campus and can benefit a community of
the student's choosing this is an opportunity
to be visionary and bold! www.ruf.rice.edu/leadin
g/leaderpages/envision.html - Community Service Grant
- The Dean of Undergraduates allocates funds to
this grant for the exclusive use of community
service organizations and programs. These funds
are separate from the President's Programming
Fund and the Student Activity Fund.
www.rice.edu/service/
11- On-Campus Funding Opportunities
- Academic and Research Support Fund
- Why was this fund established? Created by the
Division of Student Affairs, to support
individual or group academic research projects.
There are two deadlines for fund allocation (one
each semester). Who can apply for this money?
This fund may be used for all academic or
research projects by individuals or groups of
students. This includes, but is not limited to,
academic publications, research symposia,
conference travel, etc. Student organizations are
not eligible for this fund. How do I apply? Fill
out the form on the website at http//www.ruf.rice
.edu/stact/Acadres.html - Staffing Alumni Events
- Staffing alumni events (Homecoming, Families
Weekend, Beer Bike Tent, etc) is
something that clubs/organizations have done in
the past for Jennifer Harding, Director of
University Events. Her contact information is
harding_at_ or x6094.
12- On-Campus Funding Opportunities
- Athletic Department
- Clubs can seek fund raising opportunities in the
Athletic Department during both
fall and spring semester.
Fall1) Clean up after football events (20-25
students) 500.00 -about a 4 hour duty.2)
Volleyball Games -- need rotators -- people to
throw ball back to the server. About 15.00 per
match. SpringBaseball Games - clean up
afterwards (10 students) 100.00 -about a 2 hour
duty.For more information contact Michael
Shockley in the
Athletic Department at x8785 or
mshock_at_. - Outdoor Activities Trips
- The Recreation Center has funds available for
students to help finance outdoor trips and
activities during the fall semester. If you are
leading an outdoor trip or just planning to do an
outdoor excursion during the semester, go to the
Recreation website for more information.
13- A quick plug!!
- The Culture of Philanthropy
- Fall 2005
- 1 credit
- Monday Evenings from 7pm 9pm
- Hanszen College Sponsored Class
14 15- Why People Give
- Personal vested interest
- Passion believe in the cause
- It is a worthy project
- Want to give back because someone helped them
(ie. Scholarships _at_ Rice) - Return on Investment (ROI)
- Make a difference, giving is healthy wellness
activity of sorts! - What to be part of something
- Financial/Tax benefit
16Why Dont People Give? Also talk about
fundraising class
17- Why People Dont Give
- 1 Reason They are not Asked!
- Asked too much
- Turned off by person in the club/organization
- Fundraising Costs (paying too much for overhead)
18- Fundraising for Your Organization
- Setting Goals The vital element in any good
fundraising plan is a set of clear, specific, and
articulated goals. A good way to produce these
goals is to meet with all organization members
and your advisor (for historical perspective) and
have a brainstorming session. - Why do you want to/need to raise funds?
- Why do you think someone would give to your
organization? - Who would give? Could you utilize the local
community? Student body? Former students? - Would YOU give to your own organization?
- What is the goal (in dollars) for contributions
for this year? Next year? - What resources are available to your committee?
- How many hours per week is your group willing to
spend towards the fundraising effort? - What fundraising activities were undertaken in
the past? Were they effective? - What are the strengths and talents of the group?
- How will you recognize donations?
19- Before you start your sponsorship solicitation
- What does your organization do?
- Who does it help?
- What difference does it make to a persons life
or difference to the world? - How long have you been going?
- What are your plans for the future?
- What happens if you cant provide the service
(eg. If you dont get the donations, put into
personal terms, notour service would stop, but
it would mean that we couldnt offer xxx a chance
to take part in the xxx.) - What makes your organization so different to all
the otherswhat makes you special? - How are you funded?
20Achieving Success in Fundraising The
Sales/Development Kit
21- The Sales/Development Kit
- The CASE
- A statement of all the reasons why someone should
and could support the cause. - WE NEED TO TELL OUR STORY!
- A compelling case that is exciting and shows
results is the foundation for asking.
22- The Sales/Development Kit an example
- The GOALS
- Why do we Student Affairs exist?
- Provide high quality services, programs, and
facilities - Provide meaningful opportunities for student
development - Create a sense of community
23- The Sales/Development Kit an example
- Historical Achievements
- Statistics about programs
- Statistics about development opportunities
- Descriptions of facilities and services
- Testimonials from current students, alumni,
faculty, community members, etc.
24- CASE OF SUPPORT
- Â
- The Childrens Assessment Center
- The Children's Assessment Center (CAC) provides a
safe haven to sexually abused children and their
families - a place where they can receive the kind of care
and treatment they so richly deserve. The CAC
employs an extraordinarily effective,
multi-disciplinary team approach in the
prevention, assessment, investigation, referral
for prosecution and treatment of child sexual
abuse. The goal is to promote the complete
healing of child victims of sexual abuse and
their families. - Â
- The Childrens Assessment Center also works to
protect children by increasing awareness in the
community about child sexual abuse. The training
and outreach programs are designed to help
teachers and counselors, physicians, nurses and
social workers identify the signs and symptoms of
sexual abuse and to teach them how to respond
when a child calls out for help. - Â
- Leadership 20/20 The Greater Southwest Houston
Chamber of Commerce - Leadership 20/20 is an organization dedicated to
the identification and development of community
leaders from the greater Houston area. Leadership
20/20 sponsors an annual leadership class and
maintains an active alumni program to foster
interaction between current, past, and future
Leadership graduates. The year long program
culminates with participation in a service
project that is identified by the collective
group as having a great need in the Houston
community. The identification stage takes about
7-months of research, site visits, and planning. - Â
- The program is a 501 (c) (3) that is administered
by the Greater Southwest Houston Chamber of
Commerce. - Â
25- The Project
- The challenge to any community is its ability to
identify issues, commit resources and implement
solutions. This years Leadership 20/20 Class
XIII has identified an opportunity to assist a
great advocate for all children in our community,
The Childrens Assessment Center (CAC). - Â
- The CAC has an outdoor space that is used by
families, external partners, and its own
organization. In order to maximize the usage and
increase its aesthetically pleasing atmosphere
the Leadership 20/20 class will be conducting an
outdoor beautification project for this area. The
goal is to further enhance its use for all
constituents by adding a reflection fountain,
outdoor mural, enhanced foliage, and a more
vibrant color treatment throughout the space.
This will help bring the artistic lines of the
inside to this outdoor venue. The cost of this
enhancement is 5,000 (detailed cost breakdown is
available upon request). To show the commitment
of the Leadership 20/20 XIII team, 100 of the
participates have personally contributed
financially not to mention the tireless hours
put into making this project a success. - Â
- The Win-Win Benefits
- Your monetary help will not only benefit the
Childrens Assessment Center, but moreover the
future leaders of our Houston community. Children
may only make up 25 of our population however,
they are 100 of our future. Please help us in
providing this important beautification project
to the CAC users. Your contribution is tax
deductible to the fullest extent allowed by law.
Make checks payable to Leadership 20/20 and
mail to the contact information below. - Â
- Never doubt that a small group of thoughtful,
- committed citizens can change the world.
- Â Margaret Mead
- Â Contact Information
- Checks Payable to
- Leadership 20/20
- Tax ID 74-1178802
-
- Â
26 27SAMPLE FUNDRAISING LETTERS SUBJECT Sponsorship
of Rice Universitys South Asian Society Dear
____________ Never use To whom it may
concern We are writing on behalf of the South
Asian Society (SAS), a student organization at
Rice University in Houston, Texas. This summer,
SAS is seeking corporate sponsors for its various
activities and events. As a large student
organization whose basic goal is to promote,
share, and celebrate South Asian culture across
the Rice University campus and in the greater
Houston community (our performances draw crowds
of over 1350 people), sponsorship of SAS can
offer your corporation the opportunity to visibly
promote cultural diversity, education, and
enrichment. Enclosed with this letter you will
find the following supporting documents PAGE 1
- Details of our organization and its current
events, activities, and budget PAGE 2 - Details
of proposed new events with the aid of corporate
sponsorship PAGE 3 - Sponsorship benefits and
packages PAGE 4 - Instructions on how to sponsor
SAS PAGE 5 - An advertisement that can be
distributed amongst employees PAGE 6 - Copy of
IRS Tax-exemption Form 501(c)(3)Â Thank you very
much for your time and consideration. Please feel
free to contact us at
any time if you have questions or concerns.
28- SAS INFORMATION, ACTIVITIES, AND EVENTS
- -Â Â Â Â Â Â Â Â Â 150 members
- -Â Â Â Â Â Â Â Â Â Largest cultural organization on the
Rice University campus - -Â Â Â Â Â Â Â Â Â Membership open to South Asians and
non-South Asians alike - -Â Â Â Â Â Â Â Â Â Maintain an up-to-date website
www.ruf.rice.edu/sasiasoc/ - -Â Â Â Â Â Â Â Â Â Host 3 large-scale theatrical
productions of song, dance, and drama educating
people about South Asian culture wi/ 1350
attendance - -Â Â Â Â Â Â Â Â Â Hold an end-of-the-year formal banquet
- -Â Â Â Â Â Â Â Â Â Produce SAS T-shirts for members
- -Â Â Â Â Â Â Â Â Â Publish an annual newsletter SAS
Slate - -Â Â Â Â Â Â Â Â Â Participate in community service
- o       Clean-up projects at Hermann Park
- o       Project Pumpkin and Spring Fling
(campus-wide volunteer events that cater to
disadvantaged inner-city kids) - o       Habitat for Humanity
- -Â Â Â Â Â Â Â Â Â Send representatives to national and
state conventions - o       National conferences run by the national
South Asian Student Association - o       Participation in statewide dance
competition, Festival of India 2003 - -Â Â Â Â Â Â Â Â Â Organize community discussions/conferen
ces - o       Upcoming Conference on South Asian
American Sexuality involves invited authors and
speakers from across the world - -Â Â Â Â Â Â Â Â Â Reach out to the non-South Asian
community.
29- PROPOSED NEW ACTIVITIES AND EVENTS WITH CORPORATE
SPONSORSHIP - (1) Cultural Networking Proposed Cost 3000
- Â Our lack of sufficient funds in the past has
stopped us from participating in national South
Asian conventions/competitions which are not held
in Texas. An example of one of the largest of
these is the South Asian Students Association
national conference. Perhaps this year, if the
South Asian Student Association national
conference is held outside of Texas, SAS can send
a group to represent Rice University. Â - (2) Cultural Enrichment Proposed Cost 1000
- Â We are currently organizing a groundbreaking
conference, entitled Conference on South Asian
American Sexuality, that will boldly address the
topic of sexuality among South Asian Americans
using the format of a round-table discussion with
a panel of academic experts in the field. This
ambitious undertaking will require many resources
to help fund our invited speakers travel
expenses, accommodations, and speaking fees, as
well as refreshments and gifts. - (3) Community Service Proposed Cost 1000
- In coordination with other groups at Rice, SAS
hosts an afternoon of activities and games for
inner city school kids twice a year. SAS runs a
booth that teaches these kids about South Asian
culture. The positive reception our booth
receives suggests that this activity could be
expanded to include school children from all over
Houston. In the future, as a way of increasing
South Asian awareness, SAS members could
voluntarily tour surrounding schools to teach
various South Asian traditions. Other initiatives
we are considering include offering to cook a
South Asian meal for a homeless shelter and
volunteering at the citys International
Festival. - (4) Increased Social Activity Proposed Cost
2000 - Additional funds could also vastly improve our
social activities. Each spring, one of our
largest activities is our annual weekend retreat.
These weekend retreats were originally started to
increase SAS member interaction. In the past, we
have had to ask members attending the retreat to
help pay for the weekends expenses, which has
discouraged many people from attending. This year
however, with additional funds, we would like to
subsidize this weekend and hopefully increase the
number of people who attend. - (5) Improved Annual Banquet Proposed Cost 2000
- Currently, our end-of-the-year banquet is held
on the Rice University campus in a dining hall of
one of our residential colleges with a self-made
stage and improvised lighting and music systems.
All of this tends to detract from the formality
and celebration of the night. In the future, we
would like to hold this banquet at an off-campus
venue and expand and improve upon our current
entertainment. -
30- SPONSORSHIP PACKAGES
- (1) FRIEND 100Â
- -Â Â Â Â Â Â Â Â Â Your companys name on our show
programs - -Â Â Â Â Â Â Â Â Â Your companys name and logo
- o       Printed on our website
http//www.ruf.rice.edu/sasiasoc/ - o       Printed in our annual newsletter SAS
Slate - (2) BRONZE SPONSOR 500
- -Â Â Â Â Â Â Â Â Â Your companys name on our show
programs - -Â Â Â Â Â Â Â Â Â Your companys name and logo
- o       Displayed periodically on a large video
screen during our shows - o       Printed on our website
http//www.ruf.rice.edu/sasiasoc/ - o       Printed in our annual newsletter SAS
Slate - (3) SILVER SPONSOR 1000Â
- -Â Â Â Â Â Â Â Â Â Your companys name on our show
programs - -Â Â Â Â Â Â Â Â Â Your companys name and logo
- o       Displayed constantly on a large banner
at our shows - o       Displayed periodically on a large video
screen during our shows
31- (5) PLATINUM SPONSOR 5000Â
- -Â Â Â Â Â Â Â Â Â A representative from your company and
an information booth at our shows - -Â Â Â Â Â Â Â Â Â Your companys name and logo
- o       Printed on our T-shirts
- o       Printed on our show programs
- o       Displayed constantly on a large banner
at our shows - o       Displayed periodically on a large video
screen during our shows - o       Printed on our website
http//www.ruf.rice.edu/sasiasoc/ - o       Printed in our annual newsletter SAS
Slate - INSTRUCTIONS ON HOW TO SPONSOR SAS
- If your corporation would like to sponsor SAS,
all you have to do is send a check in the amount
that corresponds to the particular sponsorship
package that you want. Checks should be sent to
the following address - South Asian SocietyRice UniversityClubs
Office, MS - 526P.O. Box 1892 - Houston, TX 77251-1892
- Checks can be made payable to Rice University,
with the words SAS Donation G82125-GR03 in the
Memo line of the check. - Upon processing your check, Rice University will
send you an official thank-you letter and the
appropriate paperwork so that you can claim your
donation as a tax deduction to the extent allowed
by the law. - SAS will also send you a letter saying that we
have received your donation and that we are
taking the proper steps to give you your total
advertising space. - Official Rice University Contact
32Engineers Without Borders
33Â ENGINEERS WITHOUT BORDERS Engineers Without
Borders USA (EWB) is a nonprofit organization
dedicated to helping communities in the
developing world improve their quality of life
through the implementation of environmentally and
economically sustainable engineering projects
that address basic needs for water, sanitation,
shelter, and energy systems. By bridging the gap
between those looking for help and those eager to
help, EWB facilitates the completion of service
projects that profoundly affect a community and
the development of internationally responsible
engineering students. In March of 2003, thirty
Rice University students inaugurated the Rice
University Chapter of EWB. Growing since its
inception, Rice EWB is currently pursuing several
service projects around the globe. We ask for
your financial support to aid in the success of
the organization. Background EWB, composed of
more than twenty five active chapters, has
ongoing projects in Africa, Asia, and Latin
America that address production and distribution
of potable water, processing of gray water,
installation of micro, solar, wind and hydropower
systems, and a variety of other engineering
issues. In the summer of 2003, the Rice Civil and
Environmental Engineering Department supported
three Rice students to join students and faculty
from the University of Colorado in completing a
project in the West African village of Foutaka
Zambougou, Mali. Prior to this implementation,
the community relied on only one working deep
well pump for its water supply, when the Malian
government recommends at least four for a
community its size. The community was forced to
draw water from shallow, contaminated wells. As a
result, roughly 90 percent of the community was
sick, most from water born illnesses. Working in
an arid environment with daily temperatures
exceeding 110 degrees, these Rice students helped
residents of this small village coordinate the
drilling of two new deep wells, repair a
non-functional deep well pump, construct a
rainwater collection basin, and begin a drip
irrigation system for their village farm.
Building on the success of the Mali project,
Rice EWB is becoming a truly autonomous chapter,
developing and implementing its own projects.
Additional funding is now needed to support the
further growth and continued success of Rice
EWB. Â
34- Â ENGINEERS WITHOUT BORDERS
- Need
- We envision the greatest benefit to come from
Rice students initiating their own, stand-alone,
projects. These would be conceived and executed
solely within the Rice Chapter of EWB, allowing
students to receive course credit, if desired,
upon completion of each project. To develop such
a program, Rice EWB would require funding in the
range of 2030,000 per year. - Rice EWB, consisting of approximately forty-five
actively participating students, is currently
pursuing projects in Mexico, El Salvador,
Nicaragua, and Mali. A water purification and
distribution project in Piedritas, Mexico has
been approved by EWB-USA. Implementation will
occur in May, 2004. In El Salvador, both a water
purification, storage, and distribution project
and a bridge project have been approved by
EWB-USA. Other students traveled in March, 2004
to Nicaragua to meet with several communities. An
application for a bridge project is currently
being prepared. A group of Rice students will
also return to Mali in December, 2004 to
implement a drip irrigation project in the same
community. Summaries of the activities of these
four teams are included in this mailing. Students
will head groups to design the projects and they
will organize and participate in workshops
designed to teach real-world engineering. Upon
completion of the design and site survey,
students will return to the communities once
again to implement the projects. We hope to
establish long-lasting relationships with the
communities we work with, returning for several
years to pursue additional projects, as we are
currently doing in Mali. Sufficient funding is
essential for all of these activities. - Importance
- Â
- A number of tangible and important impacts can be
realized through your support of Rice Engineers
Without Borders. These include - the completion of service projects that
profoundly affect entire communities - providing new and challenging out of the
classroom educational experiences for students
from freshman through senior year - the inclusion of humanitarian concepts in Rice
Universitys engineering education - opportunities to work with other cultures and
levels of technical development - the development of strong team building skills
that transcend cultural barriers - Â
35Â ENGINEERS WITHOUT BORDERS Â Ways to
Contribute  Rice EWB would greatly appreciate
your support. Donations need not be large, and
they are tax deductible. Many employers also
match donations given by their employees. If you
are interested in supporting the efforts of the
Rice EWB Chapter, donations can be given by
completing the included form or the online form,
which can be found at https//online.alumni.rice
.edu/giving/giving.asp Please write checks to
Rice University and under the gift designation
section, please list Rice Engineers Without
Borders. Â We value your donation immensely and
will use it to finance travel and project
material expenses as well as educational
workshops and opportunities on campus. We will
keep you informed of our activities as the year
progresses. If you have any questions or would
like more information, please email ewb_at_rice.edu
or visit our website at www.ruf.rice.edu/ewb Â
Tamar Losleben Abigail Watrous
Mike Higuera Alexander Gordon Sarah
Burkhart Co-Presidents
Intl Projects Chair Co-
Vice Presidents
36Fundraising Ideas
37- Fundraising
- Car wash
- Entertainment books
- Bake Sale
- Outside the Box Thinking Arresting your
favorite administrator www.hartfordinformer.com/
global_user_elements/printpage.cfm?storyid656239 - Owl Parade
- Rent-A-Rower
- Water Polo Pancake Sale.after hours
- Princeton Review Many opportunities La Shandra
Haynes (lashandrah_at_review.com) OR 832/476-4336
Ext. 1736 - Corporate Matching Program a gift that is made
on condition it be matched within a certain
period, either on a one-to-one basis or in
accordance with some other formula such as a gift
by a corporation matching a gift by one of its
employees.
38- Fundraising
- Dues personal commitment
- www.campusfundraiser.com (ie. magazines, credit
cards, etc) - DO NOT do a raffle! They are controlled by the
state gaming industry only two allowed per year
by a non-profit. Unauthorized raffles are a Class
A misdemeanor, and participating in unauthorized
raffles is a Class C misdemeanor by the
Charitable Raffle Enabling Act. INSTEAD have a
sweepstakes/drawing were you have an equal chance
of winning. - For events, conferences If a high quality
invitation is produced with sufficient time
before the event, the Development office may be
able to provide a data download of alumni to
receive the invitation. While the primary focus
should be inviting the person, a line on the
reply form could be added I cannot attend the
event but would like to support the __________.
My _____ donation, made out to Rice University
club name in memo is enclosed.
39- Fundraising
- Students are encouraged to give donors
visibility for their donations, ie. Signage at
the event, listings in the program, etc. It is
also extremely important to write individual
thank you letters to each donor after the vent,
highlighting the successes of the event. Please
provide me (MS-81) copies of such correspondence
for our files. I also encourage students to keep
accurate records of contacts made and any
donations received for future reference. - What else?
40- Procedural Information G-account v. D-accounts
- MONETARY DONATIONSGift Account (G-fund) use
anytime an individual an individual makes a
donation to the department, organization,or
project. When that occurs, Development Services
will accept the gift and issue a receipt (for IRS
gift purposes) to the individual/company. Since
they will be mailing a receipt of acknowledgement
for the donation, full name/mailing address/etc
is needed. - When groups are having bake sales, car wash
events, etc this is not considered a donation
since the customer is actually receiving goods
and/or services for their monies (Quid Pro Quo).
These monies should not be deposited into your
G-fund, but rather another in-house account (eg.
D-account, A1, Chase account, etc).
41