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 »Æ¹ÏÊÓƵFoundation’s operations allowing it to:
- Process all charitable gifts to the »Æ¹ÏÊÓƵsystem
- Provide receipts for all donations
- Ensure that all contributions are used as donors intended
- Inform »Æ¹ÏÊÓƵbeneficiaries 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 »Æ¹ÏÊÓƵFoundation
- Manage scholarship platform for the »Æ¹ÏÊÓƵsystem
- Provide support services for advancement efforts throughout the »Æ¹ÏÊÓƵsystem
The »Æ¹ÏÊÓƵFoundation 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 »Æ¹ÏÊÓƵFoundation Board of Directors reviews and approves this fee structure in consultation with the »Æ¹ÏÊÓƵsystem.