Securing External Resources Gifts & Grants Discussion MSUAF & OSP Who to Call

We cultivate lifelong relationships and secure private support to advance Montana State University

MSU Alumni Foundation MSUAF Development Alumni & Friends of MSU Major Gifts Team– Focus on Assigned Portfolio and Performance Metrics (10 FTE’s) Estate, Trust & Gift Planning Team (3 FTE’s) Prospect Management & Research Team (3 FTE’s) Corporate & Foundation Team (0.5 FTE) Stewardship (0.5 FTE)

Grants v Gifts Grants Office of Sponsored Programs Tax Exempt per 170(c)(1) Government, Corporate External funds for specific purposes, enforceable, defined time frame, audits and revocability of funds Deliverables, Defined Work Scope Track and report expenditures Gifts MSU Alumni Foundation Tax Exempt per 501(c)(3) Individuals or foundations – some corporate gifts Charitable, voluntary transfers, irrevocable without formal commitment or detailed reporting requirements Limited terms, endowments, narrative courtesy reports. Track booked gifts, pledges and planned gifts Typically a gift is a voluntary and irrevocable transfer of money, services or property from a donor without any expectation of or receipt of direct economic benefit or provision of goods or services from MSU other than recognition (named scholarship). A grant is a legally binding written agreement between MSU and the sponsor. The sponsor may require delivery of specific items such as technical reports, data, software and hardware, and may want to review publications for patentable and proprietary information. It may require financial reports, return of unspent funds and external audit. Handout and examples

Contacts – MSU Alumni Foundation Hillarie Ehlert, Director of Corporate and Foundation Relations X7429 Mary Jane McGarity, VP Development, X3340