FREQUENTLY ASKED
QUESTIONS
We’re so glad you’re interested in learning more about philanthropy at UCF and what we do here in Advancement & Partnerships. Navigate through some of our most frequently asked questions below.
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Frequently Asked Questions
If UCF is a public university, why does it need private support?
As a state university, the University of Central Florida receives a small percentage of its annual budget directly from the state. The rest of its operating revenues come from other sources such as student tuition and fees, federal and state grants and the generosity of UCF donors. As higher education competes with other demands on the state’s budget, state dollars are diminishing as a percentage of UCF’s budget, and private gifts are increasingly important.
What does the Foundation do with contributions?
Gifts made to the UCF Foundation are used as specified by the donor. Often, gifts are restricted, meaning the donor has designated the gift for a particular endowment, scholarship, student program, school or college. Donations without specific instructions, also known as unrestricted gifts, are used for the areas of greatest need within the university.
Are my gifts tax deductible?
Yes, gifts to the UCF Foundation are fully tax deductible to the extent allowed by law. All donors will receive a receipt by mail, which can be used to claim an itemized deduction on your tax return.
What is an endowment?
Student scholarship and program support endowments begin at $50,000. Donors can meet the minimum contribution requirement with immediate funds, a pledge spread out over five years or less or a planned gift. Once established, any amount can be added to an endowment. The process to establish an endowment is not complicated but is best addressed through one-on-one conversation. For more information about establishing an endowment, please contact us.
Who governs the UCF Foundation?
The UCF Foundation Board of Directors is comprised of more than 30 alumni and non-alumni members with overall responsibility for the management of the foundation. Trustees with diverse backgrounds, organizational and financial skills voluntarily serve to help the foundation and UCF prosper. UCF’s president is also a member of the foundation’s board.
How is the Foundation funded?
The UCF Foundation’s operating budget is funded by a yearly administrative fee on the market value of endowments, short-term investment appreciation and university support.
How does the Foundation determine its fundraising priorities?
With input from the college deans, UCF’s president and provost determine the fundraising priorities of the UCF Foundation.
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