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.
- 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.
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Who To Contact
For questions or assistance, please contact:
Diana Bocciarelli at (330) 672-0402 or dboccia2@kent.edu or Donor and Volunteer Engagement at donorservices@kent.edu.
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.
Step-By-Step Guide
For Donor-Initiated Funds
- Review fund creation guidelines above.
- Once the $5,000 minimum is secured, follow the .
- The routes to a staff member in the Donor and Volunteer Engagement (DVE) office, who drafts the donor agreeme
Key Considerations
Before creating a new fund, review existing funds to avoid duplicating
Who To Contact
If you have questions, contact your area’s philanthropic advisor (PA) or project manager (PM).
FAQs
DPAE has assigned a project manager to every college, division and cam
Step-By-Step Guide
Reach out to your assigned philanthropic advisor or project manager or fill out the form linked below
Key Considerations
Work with your area's assigned philanthropic advisor (PA) or project manager (PM).