All the President’s Fundraisers | Just Explain It to Me!

  • The college has policies and procedures that dictate how contributions are counted. The length of the campaign is seven years, and only funds given or committed during that period are counted. The methods follow national guidelines, and they were approved by the Board of Trustees. Every year independent auditors test entries to ensure compliance with policies and procedures. An annual report is issued on progress, and a copy is posted online.
  • We count contributions given outright and those pledged. An outright gift is one transacted during the current fiscal year. A pledge is a future commitment. For example, a donor could commit in writing to contributing $5,000 for each year over five years; the gift would be counted as a $25,000 gift. A donor might list the college in their estate plans. Essentially, the value of the gift is estimated and counted, even though it may be years before the gift is received. The amount counted for a bequest is dependent upon the age of the donor.
  • Contributions may include noncash items such as personal and real property. Items may be artworks, equipment and real estate. The value of these items is counted in the total.
  • Just because we have raised $80 million doesn’t mean that we have $80 million to spend now. Some of the funds are used to create endowments. An endowment means the principal gift is invested and only a portion of the earnings can be spent each year. For example, someone may give $5 million to create an endowment, but only 4 percent of the available earnings annually (or $200,000) can be used.

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Kathy Johnson Bowles

Kathy Johnson Bowles

CEO, board member, advancement & strategy expert, scholar, nationally recognized artist — 32 years experience in higher education and not-for-profit management.