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Tarleton State University Foundation, Inc.

FAQs


What is the purpose of the Foundation?

Is my gift tax-deductible?

What are some examples of types of gifts the Foundation receives?

Where is the Foundation's office located?

How do I create a scholarship endowment or an endowment of any other type?

If I cannot meet the $10,000 minimum, can I still make a gift?

What does the Foundation charge to set up and administer an endowment? 

Do the trustees of the Foundation receive compensation? How is the Foundation governed?

How many endowments does the Foundation administer? 

How are the Foundation's investments made?

If I create an endowment, will I receive any reports about it in the future? 

Is the Foundation audited?

What is the purpose of the Foundation?

Tarleton State University Foundation, Inc. is a public non-profit organization established to provide financial assistance to Tarleton State University primarily from earnings on endowed funds, gifts, or property. The Foundation acts independently of the University and the Texas A&M University System solely for the benefit of Tarleton State University.

Is my gift tax-deductible?

Yes, as permissible by law.

What are some examples of types of gifts the Foundation receives?

  • Cash
  • Check
  • ACH Drafts
  • Publicly held securities or stock
  • Tangible Personal Property
  • Real estate
  • Deferred gifts: Bequests, Charitable Remainder Trusts, Gift of Life Insurance, Charitable Gift Annuities

Where is the Foundation's office located?

The Foundation office is located on campus of Tarleton State University Stephenville in suite 124 of the Tarleton Center. Building #533 on the campus map.

How do I create a scholarship endowment or an endowment of any other type?

An endowment may be established with a $10,000 minimum donation.  An administrator for the Foundation will meet with the donor to establish criteria upon which the endowment is administered.  An agreement will be signed by both the donor and the president of the Foundation, outlining the purpose and criteria for the endowment.  All endowments must be invested for a minimum of one year before distributions from that endowment are made.

Endowments can be used for any purpose that supports the mission of the Foundation.  Some of the endowments the Foundation administers are designated for book support, scholarships, faculty awards, professorships, and departmental support. Endowment distributions will be determined annually consistent with the goals of preserving the endowment nature and purchasing power of the funds on a long term basis so that your gift will grow and be beneficial for years to come.   All of the endowments support Tarleton State University or the Foundation. 

If I cannot meet the $10,000 minimum, can I still make a gift?

Absolutely!  Options include supporting a one-time scholarship, giving to a department, supporting a University activity, and providing support to the Foundation to continue its support of Tarleton State University.

What does the Foundation charge to set up and administer an endowment?

Currently, there is no fee associated with creating an endowment, but an annual management fee of .75% is assessed for the administration of the endowment.

Do the trustees of the Foundation receive compensation? How is the Foundation governed?

No.  The Foundation Board of Directors is a volunteer board.  It consists of 11-15 experienced individuals who are dedicated to promoting Tarleton State University and its students.  An Executive Committee has the immediate charge, management, and control of activities and operations of the Foundation.

How many endowments does the Foundation administer?

Over 140

How are the Foundation's investments made?

The Foundation manages, invests, and distributes all funds in the trust estate of the Foundation for the furtherance of educational purposes at Tarleton including book support, scholarships, faculty awards, professorships, departmental support, and any other activities permissible under the laws of the state of Texas. Currently, funds are invested and managed through The Concord Trust.

If I create an endowment, will I receive any reports about it in the future?

Yes.  Endowment reports are distributed to the donors of the funds annually.  The Foundation makes every effort to provide these reports by December 1st of each year.

Is the Foundation audited?

Yes.  The Foundation is audited annually by independent certified public accountants that are members of the American Institute of Certified Public Accountants.      

Tarleton State University Foundation, Inc. is a 501(C)(3) non-profit organization existing solely to support the mission and goals of the University. All contributions are tax deductible to the extent permissible by law.