Development Foundation FAQs
What type of gifts does the Foundation accept?
The Foundation is able to accept almost any type of asset that is readily marketable, including cash, securities, real estate, tangible personal property, collections and similar items.
Can I make a gift to benefit a specific college or program?
Yes. Giving through the Texas State University Development Foundation allows you to direct your gift for a specific purpose.
What is an endowment?
An endowment is a permanent fund that the Development Foundation invests. The Board of Trustees allocates a predetermined percentage of the fund each year based upon the approved spending rate (approx. 4 percent) to support the program or scholarship that a donor designates.
I wish to make a gift to a Foundation fund - what should I do?
Contact the Development Office at 512.245.4055 for assistance.
What about gifts of stock?
Making a gift of stock is an excellent way for donors to give a gift that may save them taxes in the future. Please call the Development Office at 512.245.4055 for assistance.
What amount is required to open a new Foundation Endowed account?
The minimum gift level for any new endowed account is $25,000. Pledges may be made over a period up to five years.
What is the difference between a restricted and unrestricted gift?
Unrestricted gifts do not have conditions or restrictions on how they may be used. This enables the university to use the funds for top priorities. Restricted gifts must be used in accordance with the conditions established by the donor.
How are the Foundation accounts invested?
The Board of Trustees of the Foundation selects a balanced, long-range portfolio using high-quality investment managers. View investment information at Investment Performance.
Is the Development Foundation a part of Texas State University?
The Foundation is an independent not-for-profit corporate entity governed by its own Board of Trustees and is legally independent of the university. The By-laws of the Development Foundation specify that they operate for the sole benefit of the university. The Development Foundation works closely with Texas State University Office of University Advancement.
Does Texas State University handle the Foundation’s bookkeeping?
Foundation staff perform all accounting and bookkeeping operations internally. An independent Certified Public Accounting firm annually audits Foundation financial statements and management procedures. A copy of the most recent audit is available at Audit.