Revenue Policies
The major source of revenue for the USM Foundation is from individual, corporate, or foundation contributions and grants. Revenue is also received from special fundraising events, auctions, raffles, sales of merchandise, fees for conferences and seminars, affiliate programs, fees for performance, etc. These policies ensure that all revenue is properly solicited and accepted, promptly deposited, recorded, and acknowledged, and managed to comply with any and all donor restrictions.
DTC (Depository Trust Company) transfer is the easiest method when a third party (not the donor) holds the Certificate. Upon receipt of the Give a Gift o...
Wed, Jul 16, 2025 at 2:28 PM
If the donor has the Certificate, do one of the following: Use a separate Stock/Bond Power Form as the endorsement vehicle and send the paperwork to th...
Wed, Jul 16, 2025 at 2:29 PM
Gifts-in-kind are non-cash contributions such as real estate, equipment, and art. The USM Foundation accepts gifts-in-kind on a case-by-case basis, and the ...
Wed, Jul 16, 2025 at 2:36 PM
A donor may make a gift of life insurance by designating the USM Foundation as the beneficiary. Upon initial set-up of this arrangement, the donor shoul...
Wed, Jul 16, 2025 at 2:38 PM
With the prior approval of the USM Foundation, a donor may purchase an annuity contract from or establish a trust with the USM Foundation. The net present v...
Wed, Jul 16, 2025 at 2:42 PM
Policy for acceptance of real property: The USM Foundation may accept a gift of real estate in its sole discretion. Real estate gifts represent signifi...
Wed, Jul 16, 2025 at 2:45 PM
The USM Foundation administers grants and contracts that are philanthropic, and research related. Acceptance of grants and contracts that would create b...
Wed, Jul 16, 2025 at 2:50 PM
Auctions provide persons the opportunity to bid openly or silently for one or more items. The revenue from auctions is tax deductible to the extent that pay...
Wed, Jul 16, 2025 at 2:59 PM
A raffle is an appeal for money consisting of a prize, the element of chance, and consideration or payment for the right to participate. The cost of a raffl...
Thu, Jul 17, 2025 at 11:41 AM
The USM Foundation may accept the proceeds from sales of tangible merchandise, books, tapes, wreaths, sweatshirts, etc. The USM Foundation must be notifi...
Thu, Jul 17, 2025 at 11:42 AM