Revision date: July 1, 2019
This information is provided to educate University of Nebraska Foundation donors about the foundation’s fees and operating policies. All policies described are reviewed on an annual basis and may be modified from time to time by the foundation’s board of directors. In the event any policy is modified, notification of the change will be posted on this website. If you have questions or would like further information, please contact General Counsel Keith Miles or Chief Financial Officer Troy Wilhelm at 402-458-1100 or 800-432-3216.
Tax Deductible Giving
Gifts to the University of Nebraska Foundation are tax deductible in the manner and to the extent provided in Section 170 of the Internal Revenue Code. The University of Nebraska Foundation (EIN: 47-0379839) is exempt from federal income tax under the provisions of Section 501(c)(3) of the Internal Revenue Code of 1954.
Charitable Solicitation Disclosures
The University of Nebraska Foundation is a 501(c)(3) tax-exempt organization soliciting tax deductible private contributions for the benefit of the University of Nebraska and its affiliates. All contributions are used solely for charitable purposes. The foundation is registered to solicit charitable contributions with the appropriate governing authorities in all states requiring registration. A copy of our most recent audited financial statement is available at nufoundation.org/about/financial or by writing to P.O. Box 82555, Lincoln, NE 68501-2555, or by calling 402-458-1100. If you are a resident of one the following states you may obtain registration and financial information directly by contacting:
The Attorney General's website at http://caag.state.ca.us/charities.
For the cost of postage and copies, from the Maryland Secretary of State, State House, Annapolis, Maryland 21401, (410)-974-5534.
INFORMATION FILED WITH THE ATTORNEY GENERAL CONCERNING THIS CHARITABLE SOLICITATION AND THE PERCENTAGE OF CONTRIBUTIONS RECEIVED BY THE CHARITY DURING THE LAST REPORTING PERIOD THAT WERE DEDICATED TO THE CHARITABLE PURPOSE MAY BE OBTAINED FROM THE ATTORNEY GENERAL OF THE STATE OF NEW JERSEY BY CALLING 973-504-6215 AND IS AVAILABLE ON THE INTERNET AT http://www.state.nj.us/lps/ca/charfrm.htm. REGISTRATION WITH THE ATTORNEY GENERAL DOES NOT IMPLY ENDORSEMENT.
Upon request, a copy of the latest annual report can be obtained from the organization or from the Office of the Attorney General, Department of Law, Charities Bureau, Attn: FOIL Officer, 120 Broadway, New York, New York 10271.
Registration in no way constitutes or implies any endorsement, sanction or approval of this solicitation, its purposes, the manner in which it is conducted or the person or organization conducting it by the Oregon Attorney General.
The official registration and financial information of the University of Nebraska Foundation may be obtained from the Pennsylvania Department of State by calling toll free, within Pennsylvania, 1-800-732-0999. Registration does not imply endorsement.
The official registration of the University of Nebraska Foundation may be obtained from the Washington Secretary of State at 1-800-332-GIVE or http://www.sos.wa.gov.
Fees and Expenses
Endowment Fee: In addition to costs incurred to manage the endowment, the foundation charges an annual fee of 1.55% on the market value of the foundation’s main endowment, on a lagged basis, to support foundation operations.
Expendable Funds: Gifts made for immediate support of the university or one of its affiliates, rather than invested as an endowment, are considered expendable funds. Income earned on expendable funds prior to expenditure is added to the University of Nebraska Foundation’s general fund to support its operations.
Expenses: In limited circumstances, the foundation utilizes third-parties to assist with fundraising. If so, expenses for these services may be assessed to donations resulting from such fundraising.
Capital Projects: For university capital projects with significant fundraising components, fundraising expenses may be included as a non-construction cost in project program statements as approved by the University of Nebraska Board of Regents. While individual gifts are not charged a fee, the foundation’s fundraising expenses are reimbursed fully or partially from project revenues.
Estate Gifts: Distributions from estates, including living and revocable trusts or other trusts established by a donor for estate planning purposes, (collectively referred to as estate gifts) added to the foundation’s main endowment will be used to fund foundation operations for the first 12 full months after each distribution is made. Thereafter, distributions from these estate gifts will be utilized for the designated charitable purpose.
Charitable Remainder Trusts and Charitable Gift Annuities: From time to time, the foundation serves as trustee of charitable remainder unitrusts and annuity trusts (collectively referred to as CRTs) and offers charitable gift annuity contracts (CGAs) which distribute variable (unitrusts) or fixed (annuity trusts and CGAs) payments to designated beneficiaries for their lifetime or a term of years, with the remainder interest supporting the designated charitable purpose(s) upon the termination of the trust. CRTs or CGAs managed by the foundation are not charged a trustee or administrator fee; however, unless the agreement provides otherwise, any professional fund manager or advisor fees are charged to the CRT or CGA. A distribution fee is assessed based on the realized value of the CRT or CGA at the termination of intervening beneficiary interests in accordance with the following schedule:
Distribution Value of CRT or CGA - Fee
50% or less of original value - None
50-75% of original value - 1% of realized value
75-100% of original value - 2% of realized value
More than 100% of original value - 2% of realized value plus 20% of excess over original value
Endowment Spending Policy: The endowment spending policy allocates a fixed percentage of a market value average (referred to as the distribution) to each individual fund within the endowment to be utilized for the specific charitable purpose of that fund. The spending policy calculates the distribution on the basis of 4.25% of the 20-quarter moving average of the endowment’s market value, as adjusted for new gifts. The annual distribution is allocated on a monthly basis to each individual fund and is funded, first from current ordinary income (e.g., interest dividends) and second from capital gains.
The foundation maintains information on many alumni, donors and friends of the university and its affiliates. Some of this information is generally available from third-party sources such as the internet or other sources. Constituent information maintained by the foundation will not be disclosed to any third party without the constituent’s express written consent. The foundation also maintains internal reports documenting donor giving records and other financial information, contacts, philanthropic interests and cultivation strategies. This information is considered internal work product and would be considered trade secret information vital to the foundation’s business objective. This information is protected under Nebraska’s Trade Secrets Act and will not be disclosed to any external source, unless required to do so by law. In the event any constituent wishes to see his or her own biographical data, past giving information or direct correspondence to and from the foundation, the foundation will generally provide a reasonable opportunity to view such data during regular business hours at one of the foundation’s offices.
The foundation maintains physical, electronic and procedural safeguards to protect nonpublic, personally identifiable information and to comply with federal and state laws. In addition, the foundation regularly reviews policies and practices, monitors its computer networks and evaluates the strength of its security protocol.
If you prefer not to be contacted by the foundation, please contact the foundation at 800-432-3216 or firstname.lastname@example.org and request that the foundation place a Do Not Contact code on its records.
Community and Social Media Guidelines
The University of Nebraska Foundation values social media and its role in fostering discussion and engagement about the foundation and its mission. The foundation strives to respond to all online inquiries in a timely manner. We ask members of the community to exercise courtesy when posting and treat members with respect. Profanity and abusive language are not permitted. Comments, posts, or photos that are illegal, obscene, defamatory, threatening, infringing of intellectual property rights, invasive of privacy, or otherwise injurious or objectionable will be removed.
Date posted: July 12, 2019