What To Avoid

  • Putting on an event or program that you can’t pay for from a university index if you don’t raise enough sponsorships. 
  • Asking an individual to “make a gift” that involves a term sponsorship naming. This will not be a gift.  
  • Setting sponsor levels too low, complicating covering your costs plus 5% fundraising. 

Key Considerations

  • Sponsorship funds must be deposited into an existing foundation fund that supports programmatic or discretionary items.  
    • If proceeds are intended to go to a scholarship, they can be moved over to a scholarship fund at completion of the event/sponsorship timeline. 
  • 5% of all total event sponsorship proceeds must remain in the designated fund.
    • Keep this in mind when developing your sponsorship levels.
    • This money remains in your area’s foundation fund for use, it is NOT a fee from the Foundation.
  • Kent State Universi

FAQs

What is a spendable fund?
A spendable fund is used for things like scholarships, programs, capital projects, lecture series or endowed positions. It may be standalone or linked to an endowment. Every endowment has an associated spendable fund.

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