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The University of Toledo Foundation : QUESTIONS & ANSWERS

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The University of Toledo Foundation
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    Top News Stories
    • UT'S $100 Million Campaign Enroute to Success
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    • Helen McMaster, State of Ohio Give Solar Energy Major Boost
    • UT Foundation to Realize Budget Savings Due to Merger
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    QUESTIONS & ANSWERS
    Q: What is the purpose of the UT Foundation?

    A: The UT Foundation is the official gift-receiving and fund-management organization of The University of Toledo. Our purpose is to support the University's broad educational mission by receiving, managing and distributing your generous gifts--to benefit students and enhance faculty and program efforts.

    Q: Why is a separate Foundation advantageous?

    A: As a private, nonprofit organization, the UT Foundation provides investment flexibility and a separation between public and private funding, so that each can be used appropriately. All Foundation records, as well as board meetings, are open to the public.

    Q: What specific services does the Foundation provide?

    A: The Foundation is responsible for:

           - Receiving, recording, receipting, acknowledging and reporting gifts

           - Investing funds

           - Providing stewardship for fund disbursement

           - Maintaining a data base of alumni, donors and friends

           - Assisting the alumni relations and development offices in their efforts

    Q: How is the Foundation governed?

    A: The UT Foundation is governed by a volunteer board of trustees, made up of alumni and community leaders. These individuals help oversee the Foundation's policies and procedures and monitor its finances.

    Q: How are the Foundation's operations funded?

    A: The Foundation's operating budget is provided through the assessment of an administrative fee, currently 1.35 percent of the endowment's three-year average market value.

    Q: Who decides how money is spent?

    A: You decide how your gift is used. More than 90 percent of contributions to the Foundation are designated by the donor for a specific purpose or area of use. Criteria for the use of large gifts and endowments are generally outlined in a written agreement between the donor and representatives of the Foundation and the University. Unrestricted gifts are used for priority needs determined by the University.

    Q: Who decides how money is invested?

    A: To maximize your gift, the investment committee of the Foundation's board of trustees works with several investment managers who manage specific asset classes geared toward their strengths. A master custodian holds and reports assets. The Foundation's spending policy, currently 5 percent of the endowment's three-year average market value, preserves the value of the Foundation's endowment, to provide a reliable source of funds for UT's current and future use.

    The University of Toledo Foundation
    Driscoll Alumni Center Room 1002
    2801 W Bancroft ST MS 319
    Toledo, OH 43606
    419-530-7730
    1-800-640-0147



    Page updated: July 06, 2007
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