Additional Thoughts from Northern Arizona University (Posted
on Fundlist)
Annual Fund - Definition of an annual gift or pledge
I.
Gifts or pledges that
are accompanied by an Annual Fund response vehicle or Annual
Fund appeal will be counted as Annual Fund.
II.
Gifts or pledges that
are accompanied by development officer notification or
documentation will be counted and assigned a Major Gift appeal
code (MG).
III.
Gifts or pledges
$25,000 and above not accompanied by an appeal will be counted
and assigned a Major Gift appeal code (MG).
IV.
Gifts from individuals
$10,000 and below not accompanied by an Annual Fund response or
appeal will be credited as Annual Fund with two exceptions.
a)
Gift in kind gifts
b)
Payments on major
gift pledges (see II above)
V.
Gifts or pledges, from
individuals, between $10,000 and $25,000, and not accompanied by
an Annual Fund appeal or Major Gift appeal will be reviewed by a
collective group.
a)
The
collective group consists of Director of Annual Fund and
Associate Vice President for
University Advancement.
b)
The concerns of this
review group will be the original contact from Advancement,
knowledge of the donor and knowledge of the gift.
c)
Once the committee
has decided, the Director of Annual Fund will inform data
entry supervisor to assign the proper appeal, either Annual
Fund general (AFG) or Major Gift (MG), to the gift or pledge.
d)
Exceptions to the group review
process are gifts or pledges received with a LOU, LOA, or
documentation from an Advancement source that states clearly the
purpose of the gift.
Additional Thoughts from Grand Valley
State University (Posted
on Fundlist)
An annual gift is an outright gift of cash (or equivalent, including
securities) received from individuals to be used for unrestricted
purposes or for specified items which serve as the functional
equivalents of unrestricted funds in the budget (such as student aid and
book purchase funds) to which alumni and friends are asked to contribute
each year. Individual sources include outright gifts from living
individuals, certain private foundations, and closely held corporations,
and any matching funds earned from these gifts. Gifts for capital
purposes, special projects, and funds received from bequest distribution
and other deferred options are not considered annual gifts and are not
included in annual giving program totals.
Gifts that fit the annual gift definition:
-
A check from an individual in response to
your annual fund mailing or phone call.
-
A check from an individual for a
scholarship endowment to which a yearly contribution is received.
-
A matching fund check.
-
A check from a personal corporation.
Gifts that do not fit the annual gift
definition:
-
A yearly check (that is not a matching
gift) from a corporation.
-
A check from an individual designating
research or construction.
-
A check from a bequest.
This is a definition that works for an
annual gift.
The Annual Fund is our unrestricted fund as opposed a specific fund such
as a scholarship fund that donors give to each year. |