Frequently Asked Questions (FAQs)
What is the purpose of the UT Foundation?
The UT Foundation is the official
gift-receiving and fund-management organization of The University of Toledo. The
mission of the University of Toledo Foundation is to receive and administer
private gifts for the benefit of The University of Toledo; to provide effective
investment management and fund stewardship; and to nurture increased credibility
and donor support through active advocacy to help the University achieve its
Why is a separate Foundation advantageous?
As a private, nonprofit organization, the UT Foundation provides investment
flexibility and a separation between public and private funding, so that each
can be used appropriately. All Foundation records, as well as board meetings,
are open to the public.
What specific services does the Foundation provide?
The Foundation is responsible for:
- Receiving, recording, receipting, acknowledging and
- Investing funds
- Providing stewardship for fund disbursement
- Maintaining a data base of alumni, donors and friends
- Assisting the alumni relations and development offices in
How is the Foundation governed?
The UT Foundation is governed by a volunteer board of trustees, made up of
alumni and community leaders. These individuals help oversee the Foundation's
policies and procedures and monitor its finances.
How are the Foundation's operations funded?
The Foundation's operating budget is provided through the assessment of an
administrative fee, currently 1.25 percent of the endowment's three-year average
Who decides how money is spent?
You decide how your gift is used. More than 95 percent of contributions to the
Foundation are designated by the donor for a specific purpose or area of use.
Criteria for the use of large gifts and endowments are generally outlined in a
written agreement between the donor and representatives of the Foundation and
the University. Unrestricted gifts are used for priority needs determined by the
Who decides how money is invested?
To maximize your gift, the investment committee of the Foundation's
board of trustees works with several investment managers who manage specific
asset classes geared toward their strengths. A master custodian holds and
reports assets. The Foundation's spending policy, currently 4 percent of the
endowment's three-year average market value, preserves the value of the
Foundation's endowment, to provide a reliable source of funds for UT's current
and future use.