Why does Texas A&M, a state university, need private gifts?
Texas A&M receives less than one-half of its total budget from state of Texas general revenues. Because this status is unlikely to change, the public-private partnership that exists currently must be strengthened. Only then can we continue the quality education, research and service programs that have distinguished Texas A&M since 1876.
How do The Association of Former Students, 12th Man Foundation and Texas A&M Foundation relate to one another?
Each of these private entities raises and manages a different type of gift on behalf of Texas A&M University. The Association of Former Students conducts annual drives for unrestricted funds. The 12th Man Foundation raises support for student athletes. The Texas A&M Foundation directs major gift fundraising in support of educational excellence.
Is the Texas A&M Foundation a public or private institution?
The Texas A&M Foundation is a private, nonprofit corporation with its own board of trustees and president. This organization is common among public universities and results in greater effectiveness and benefits for both the university and its donors. For instance, donors are assured that their gifts will be protected from reallocation by the state and that their personal giving and financial records will remain private.
Who determines the Texas A&M Foundation’s fundraising priorities?
The administration at Texas A&M University works closely with the foundation to communicate the university’s priorities and needs. These become the focus of foundation fundraising efforts, but ultimately it is donors who designate which programs or colleges their gifts will benefit. A small percentage of donors make unrestricted gifts, which are dispersed where the designated university administrators see the most need.
Can I make a gift to benefit a specific college or program?
Giving through the Texas A&M Foundation allows you to designate your gift for a specific purpose. Indeed, the majority of our donors choose to do just that. You can document the purpose of your gift in one of two ways. For a gift of $25,000 or more, the foundation drafts a gift agreement outlining the purpose, form, schedule and administration of your gift. For smaller gifts, you may document your preference with a letter, pledge card or note on your check.
What is the difference between an endowment and operating funds? What are the advantages of choosing this type of gift?
An endowment is a permanent fund that the foundation invests. Some investment income benefits the university program you designate, and some returns to the fund. This ensures that your endowment’s value keeps pace with inflation. A donor who gives an endowment knows that decades from now his gift will provide the same benefits it does today.
Operating funds are resources that are available for current operations only, they do not last in perpetuity.
What is the difference between a restricted and unrestricted gifts?
Unrestricted gifts are resources received from a donor where there are no restrictions or conditions on how the resources may be used. Restricted gifts refer to resources received from a donor where the donor has placed limitations or conditions on how or when the resources can be used.