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Fundraising and Development
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Any organized development program to seek financial support from outside sources is closely coordinated with academic planning and reflects the mission and goals of the institution.
Two major entities are involved with fundraising activities at Portland State: the Office of University Development, and the Portland State University Foundation. The Office of University Development subscribes to the standards of CASE ethics and Donor Bill of Rights, and clearly states this on page 3 of the Office's Donor Confidentiality Policy. Development also has established detailed policies and procedures in place to implement such standards. The office stipulates the manner in which donor information in hard fields and databases are maintained to protect donor privacy; the internal procedures for coordinating, cultivating and soliciting high level gifts; outline donor recognition and stewardship procedures and activities; states the policy for naming buildings, rooms, and other facilities to recognize donors; and sets out jointly with the Portland State Foundation the policy on minimum corpus levels and payout rates for endowments.
The Capital Naming policy states that developing a naming opportunity on the campus must be done within the context of a current master plan that should include academic strategic planning goals and needs. The Portland State Gift Acceptance policy states that the foundation will only accept gifts and grants that are consistent with the core educational values of the University. Gift Acceptance conditions also list what will not be accepted. Portland State Foundation policies also state the governmental regulations it works under, and how it handles each type of gift.
Portland State Foundation, a non-profit 501(c)(3), is the major gift-processing unit for Portland State. Through joint fundraising efforts, endowments and life income, funds have been established at the Foundation. An investment committee establishes the foundation's policies and guidelines. The Foundation is independently audited.
Portland State also maintains some endowments through OUS that are invested by the State of Oregon. Earnings are credited by OUS to Portland State. These investments are audited as part of the OUS independent audit.
Records pertaining to endowments and life income funds at the Portland State University Foundation are maintained at the foundation. Documents for state-invested endowment funds; copies available at the Portland State Office of Business Affairs and originals at OUS.
The Portland State Foundation is a private nonprofit public benefit corporation established for the purpose of assisting Portland State University. The Foundation has obtained and continues to maintain tax-exempt 501(c)(3) status. The Foundation's purpose is to aid and promote the educational and charitable purposes and lawful activities of the University.
A current contract between Portland State and the Portland State Foundation clearly articulates (a) the Oregon laws under which the Foundation operates, (b) when and how the Foundation may use the Portland State name, (c) the independence of both entities, and (d) the relationship between the two entities in terms of accepting gifts and investing and administering funds for the University. The contract also outlines the type of support the University provides to the Foundation, and that the Foundation provides to the University. The contract also formally establishes the joint development of guidelines that both the Portland State Development Office and the Portland State Foundation will use in soliciting and administering contributions on behalf of the University.
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