Utah State University

Planned Giving

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Here's a good article on perceptions of high net worth individuals and financial advisors:

U.S. Trust Study Reveals Disconnects in Philanthropic Conversations Between HNW Individuals and Professional Advisors  Read more
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Utah State University Mission Statement

The mission of Utah State University is to be one of the nation's premier student-centered land-grant and space-grant universities by fostering the principle that academics come first, by cultivating diversity of thought and culture, and by serving the public through learning, discovery, and engagement.

Utah State University's 10 Goals

  1. Enhance the reputation of the University for learning, discovery, and engagement.
  2. Expand and diversify the revenues of the University.
  3. Adopt new business models that embrace accountability, responsiveness, and efficiency, and a budget process that is responsive to University goals.
  4. Strengthen the recruitment, retention, graduation, and placement of students and, as part of that goal, reduce the student-faculty ratio.
  5. Raise the base level of compensation for faculty and staff to be more competitive with peer institutions, and reward especially outstanding faculty and staff achievements.
  6. Build a socially and intellectually vibrant campus community, enhanced by the diversity of its faculty, staff, and students.
  7. Infuse new energy into graduate programs, particularly at the doctoral level.
  8. Foster new partnerships, both internally and externally.
  9. Communicate the success of the University to the world.
  10. Launch and complete a successful comprehensive campaign in support of the other nine goals generally and establish the central proposition that, at Utah State, academics come first.

Supporting Students through Scholarships

at  Utah State University

 
Scholarships offer an unparalleled opportunity to chart a more certain course for deserving students.  For many, scholarships make the critical difference in completing their degrees.  Simply stated, scholarships change lives and help students realize their potential through education.
 
There are two types of scholarships a donor can support at Utah State University ? expendable and endowed.  The university will work with you to determine the best option for you to help students realize their dreams of a college education.
 
An expendable scholarship is one where the donor makes a gift and the entire amount of the gift is used to fund the award to a student or students.  The gift can be spent in the year in which it was made, or the donor may specify that a portion of the gift be spent in each year over a period of years specified by the donor ? until all the funds are used. 
 
Expendable scholarship funds may be named by the donor, however, most of these gifts tend to go to general scholarship funds.  If an expendable scholarship is named, the donor and the receiving unit execute a memo of understanding to outline the terms of the agreement. 
 
An endowed scholarship is one where a donor makes a gift that is invested in the university?s endowment pool.  Each year, a portion of the earnings is used to fund the award to a student or students.  The current spending rule for endowment funds is that 4% of the value of the endowment is spent on the award annually.  Endowed scholarships are named by the donor.  They can be named for the donor, or for some other individual or individuals specified by the donor. 
 
Each endowed scholarship has a gift agreement that is signed by the donor and the university that lays out the terms of the gift.   The minimum gift required to establish an endowment is $25,000.  An endowment of that size will generate an annual award of $1,000.
 
For both types of scholarships, donors can specify the type of student they would like to receive the award.  Donors can stipulate the following:
 
  • The college, department or program in which the students are enrolled
  • The geographic location the students are from
  • High School attended
  • A minimum GPA requirement
  • Personal attributes, such as leadership
  • Financial need
Because of IRS guidelines, the following terms are not permitted in a gift agreement or MOU:
  • Selection of scholarship recipients based on
    • family relationships
    • race
    • ethnicity
  • Donors are not permitted to participate in the selection of receiving students of the scholarship
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