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.
Disclosure Statements For Donors
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 web page. 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.
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. 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 here 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.
Endowment Fee: the foundation charges an annual fee of 1.65% on the market value of the foundation’s main endowment, on a lagged basis, to support foundation operations. In addition, the foundation employs professional fund managers, and manager fees are assessed to the endowment.
Expendable Funds: Gifts made for immediate support of the university (rather than invested as an endowment) are considered expendable funds. No fee is charged on expendable funds, but income earned on expendable funds prior to expenditure by the University of Nebraska is added to the University of Nebraska Foundation’s general fund to support its operations.
Estate Gifts: Distributions from estates (including living and revocable trusts or other trusts established by a donor for estate planning purposes) (collectively “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, “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 University of Nebraska 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 - 1.0% of realized value
75-100% of original value - 2.0% of realized value
More than 100% of original value - 2.0% of realized value plus 20.0% 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 (interest dividends, etc.), and second from capital gains.
The foundation maintains information on many alumni, donors and friends of the university. Some of this information is also 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 also 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 we are 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, we regularly review policies and practices, monitor our computer networks, and evaluate the strength of our 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 UNF records.
Date Revised: 07/2017