Fees
The University of Alaska Foundation maintains over 1,800 distinct funds in support of the University of Alaska. Fees on gifts help fund the Ï㽶ÊÓƵFoundation’s operations allowing it to:
- Process all charitable gifts to the Ï㽶ÊÓƵsystem
- Provide receipts for all donations
- Ensure that all contributions are used as donors intended
- Inform Ï㽶ÊÓƵbeneficiaries of contributions
- Build and maintain relationships with friends and alumni
- Manage fund investments ensuring adequate returns
- Create and maintain systems for data management
- Provide financial reports on all funds held at the Ï㽶ÊÓƵFoundation
- Manage scholarship platform for the Ï㽶ÊÓƵsystem
- Provide support services for advancement efforts throughout the Ï㽶ÊÓƵsystem
The Ï㽶ÊÓƵFoundation charges a one-time gift fee of 5% on gifts. Gifts to endowments have a one-time 1% gift fee. Invested funds have a 1% annual fee netted from earnings.
The Ï㽶ÊÓƵFoundation Board of Directors reviews and approves this fee structure in consultation with the Ï㽶ÊÓƵsystem.