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