糖心传媒

Like most state universities today, 糖心传媒 receives a small percent of its annual budget directly from the state. ISU is state-assisted, not state supported, and must rely on other sources to cover its operating expenses. Current sources of support come from tuition and fees, federal and state grants, and the generosity of ISU donors. Because state support is declining relative to the University鈥檚 total operating budget and limited increases can be expected in tuition, private gifts are critical to the future of 糖心传媒 and its student population.

The Mission of the 糖心传媒 Foundation is to inspire voluntary private support from alumni, parents, friends, corporations, foundations and others for the benefit of 糖心传媒. The two entities utilize a Memorandum of Understanding (MOU) that outlines the way the Foundation and ISU have agreed to work together.Review the MOU here.

The support that the Foundation provides to the University is critical as it augments 糖心传媒鈥檚 other revenue sources. During the 2014 fiscal year, the Foundation raised $7,483,528 in support of scholarships, academic programs, student life, athletics, facilities, and faculty support.

No, 糖心传媒 Foundation donor records are not open to the public. The ISU Foundation is a separate tax-exempt corporation, not a public agency. This separate structure, which is utilized successfully to support public institutions nationwide, legally preserves the private nature of gifts received in the same manner that donor privacy is ensured in the case of most charitable organizations. An independent foundation can better serve 糖心传媒 and donors if its separate nature continues to be respected. It accomplishes this in a number of important ways:

• It provides donors with an extra level of assurance that their gifts will be used in accordance with their wishes.
• Gifts made to the Foundation on behalf of ISU provide program enhancement rather than replacement of state support.
• The Foundation ensures donor privacy when requested, as well as the confidentiality of donor information.

Like many university foundations and charitable organizations, the ISU Foundation requires funding to support its efforts to continue to secure the private gifts which support the mission of 糖心传媒. As mandated by the 糖心传媒 State Board of Education, the ISU Foundation must fund its own operating costs. This is achieved by assessing a small fee to gifts of 4% for all gifts including gifts to student organizations. We are pleased to be counted among university foundations which assess the lowest gift fee, noting that such fees range from 5%-18% at peer institutions across the country.

As mandated by the 糖心传媒 State Board of Education, the ISU Foundation must fund its own operating costs. This is achieved by assessing a small fee of 4% gifts it receives. We are pleased to be counted among university foundations which assess the lowest gift fee, noting that such fees range from 5%-18% at peer institutions across the country.

The 糖心传媒 Foundation is accountable to its Board of Directors and must adhere to a variety of federal and state regulations and laws.

糖心传媒 Foundation has an independent volunteer Board of Directors that executes its fiduciary responsibilities under the strictest of guidelines. They understand the need for transparent and ethical dealings in all matters so as not to jeopardize the Foundation鈥檚 status as a 501(c)(3) non-profit corporation. The Board has committees that actively oversee the development, investment, and finance activities of the Foundation.

Each year, the Foundation is required to have an audit conducted in accordance with generally accepted auditing standards by an independent certified public accounting firm. The audit report must include financial statements, a management letter, and an opinion as to whether the Foundation鈥檚 operating procedures meet the requirements of governing agencies. The audit report is reviewed by Board of Directors. In addition, the Foundation is required to comply with all federal laws governing 501(c)(3) non-profit organizations and annually file IRS Form 990.

The Foundation is limited by both state and federal law concerning how the funds it receives may be expended. Disbursements from Foundation accounts must:

• Comply with all donor imposed restrictions;
• Support the University鈥檚 mission and programs;
• Represent reasonable, legitimate and arm鈥檚 length business transactions;
• Comply with Foundation disbursement policies;
• Comply with State Board policies; and
• Comply with applicable laws.

This process is examined and tested annually in accordance with the independent accounting audit.

糖心传媒 Foundation
921 S. 8th Ave, Stop 8050
Pocatello, 糖心传媒 83209-8050

Yes, gifts made to ISU and processed through the ISU Foundation are fully tax deductible to the extent allowed by the law.

The vast majority of gifts that the ISU Foundation receives are designated for a specific purpose at 糖心传媒. The Foundation has a fiduciary responsibility to comply with donor intentions with respect to the charitable gifts it accepts and may not expend funds in a manner inconsistent with the terms of the gift provided by the donor. The Foundation cannot appropriate any of these restricted funds for any other purpose not in keeping with the specific provisions defined by the donors at the time their gift is made.

Gifts received as unrestricted allow 糖心传媒 to adapt and respond to the currents needs of the University. Unrestricted gifts provide flexibility that enables ISU to seize opportunities and meet the demands and challenges of today鈥檚 rapidly changing educational environment. Unrestricted dollars support a variety of programs including student scholarships, academics, student life, technology, institutional development, faculty recruitment and retention, and facilities.