ERIC Number: ED446572
Record Type: RIE
Publication Date: 2000
How Public College & University Foundations Pay for Fund-Raising.
Hedgepeth, Royster C.
Association of Governing Boards of Universities and Colleges
This study presents a typology for foundations to use in selecting potential revenue sources, assuming that foundations function as the comprehensive philanthropic vehicle for institutions. Data come from the author's higher education fundraising experience and a national survey of public colleges and universities and their institutionally related foundations. The study aggregates institutional and foundation fundraising budgets, fundraising results, and related information. It defines amounts raised and reported in accord with industry standards as fundraising productivity, expressing the ratio between fundraising costs and funds raised as the fundraising cost index. The study addresses how much it costs to raise money; how much more it costs to raise more money; and how college and university foundations can increase budgets to support increased fundraising. Chapters include: "Introduction"; "Mapping the Territory"; "How Much (More) Does it Cost to Raise (More) Money?" (startup, emerging, and mature fundraising programs); "Mature Fundraising Operations"; "Implications for Increasing Fundraising Budgets"; "Summary Thoughts on Fundraising Budget Development"; "Pros and Cons of Key Revenue Sources" (institutional support, unrestricted gifts endowment management fees, income on daily cash balances, and administrative fee on gifts); "Finding the Right Mix"; "The Fundraising Cost Index"; and "Fundraising Costs as Investments." Appended are survey data and responding institutions. (SM)
Descriptors: Educational Finance, Endowment Funds, Financial Support, Fund Raising, Higher Education, Philanthropic Foundations, Private Financial Support, Public Colleges
Association of Governing Boards of Universities and Colleges. 1133 20th Street NW Suite 300, Washington, DC 20036. Tel: 800-356-6317; Tel: 202-296-8400; Fax: 202-223-7053; Web site: http://www.agb.org
Publication Type: Reports - Research
Education Level: N/A
Authoring Institution: Council for Advancement and Support of Education, Washington, DC.; Association of Governing Boards of Universities and Colleges, Washington, DC.
Note: "With generous support from the Society for Institutionally Related Foundations."