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 ÁùºÏ²Ê»ã Foundation’s operations allowing it to:
- Process all charitable gifts to the ÁùºÏ²Ê»ã system
- Provide receipts for all donations
- Ensure that all contributions are used as donors intended
- Inform ÁùºÏ²Ê»ã beneficiaries 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 ÁùºÏ²Ê»ã Foundation
- Manage scholarship platform for the ÁùºÏ²Ê»ã system
- Provide support services for advancement efforts throughout the ÁùºÏ²Ê»ã system
The ÁùºÏ²Ê»ã Foundation charges a 5% one-time advancement fee of 5% on gifts. Gifts to endowments have a one-time 1% advancement fee. Invested funds have a 1% annual fee netted from earnings.
The ÁùºÏ²Ê»ã Foundation Board of Directors reviews and approves this fee structure in consultation with the ÁùºÏ²Ê»ã system.