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 ...
Fri, Jul 10, 2020 at 11:20 AM
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...
Fri, Jul 10, 2020 at 11:22 AM
Gifts-in-kind are non-cash contributions such as real estate, equipment, and art. Gifts of this nature are usually processed by the OIA or the USM ins...
Fri, Jul 10, 2020 at 11:30 AM
A donor may make a gift of life insurance, designating the USM Foundation as the owner and beneficiary. The premiums are paid to the USM Foundation by t...
Fri, Jul 10, 2020 at 11:31 AM
A donor may purchase an annuity contract or establish a trust with the USM Foundation. The net present value of anticipated future annuity payments is recor...
Mon, Jul 13, 2020 at 11:07 AM
Policy for acceptance of real property: Real property may be accepted as a gift or acquired by other means agreed upon by the University System of...
Mon, Jul 13, 2020 at 11:12 AM
The USM Foundation administers grants and contracts that are philanthropic in nature, as well as other contracts. Acceptance of grants and contracts ...
Mon, Jul 13, 2020 at 11:14 AM
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...
Mon, Jul 13, 2020 at 11:17 AM
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 ra...
Mon, Jul 13, 2020 at 11:22 AM
The USM Foundation may accept the proceeds from sales of tangible merchandise, books, tapes, wreaths, sweatshirts, etc. The USM Foundation must be notifi...
Mon, Jul 13, 2020 at 11:23 AM