PLANNED AND MAJOR GIFTS | SCHOLARSHIP PROGRAM | ESTABLISHING A FUND
"We are such stuff as dreams are made on."
Shakespeare understood the hearts and minds of men and women, their need for love and laughter and their yearning for hopes and dreams. Creating a Named Fund with the UW-L Foundation is one way to nurture hope and preserve a dream, to weave the fabric of our values into the future.
WHAT'S IN A NAME?
A name is a powerful thing. It represents a unique person, company, or group. A name can evoke accumulated memories: to hear the name is to recall the person and all of his or her fine qualities and accomplishments. The Foundation understands the value of a name. Such a gift is priceless.
LENDING A NAME
The UW-L Foundation invites you to consider a very special kind of contribution: your name. A Named Fund may be established in your own name, or your company's name, or, perhaps, in the
name of a loved one or associate. The Foundation, in turn, is honored to hold these funds that bear such good names. You might say that our past, present, and future are bound up in these funds, in their contributors, and in the support they lend our university. There are funds named after parents, esteemed teachers, or others whose names are revered. These funds make a statement; they say something about values held, about influences felt, about relationships recognized. A Named Fund can express support for something you want to put your name behind: a particular area of academic service or endeavor; respect and honor for the memory of a loved one or someone else whose life and name mean something to you.
DIRECTING A FUND
A Named Fund may be directed toward any number of particular concerns chosen to reflect your own interests, or those of the person, business or organization you honor. A fund might lend support to a general area or discipline: the arts, science, education, allied health, recreation or business; or, perhaps, to a more specific purpose like one of these:
SUPPORTING A FUND
- Scholarships - to fund awards for academic excellence, or for financial need
- Lectureships - to fund campus visits by noted scholars or public figures
- Chairs or Professorships - to recognize, nurture and enhance excellence in teaching
- Library Acquisitions - to purchase books, recordings, subscriptions or special collections
- Faculty Development - to further intellectual growth and teaching skills
- Advancement Funds - to meet the most current and pressing priorities of the University
- International Studies - to give students a global view and promote better understanding
- Academic Equipment - to assist departments in keeping up with technical needs
- College/Department Needs - to aid a particular college or department within the University
- Campus Beautification - to maintain and improve the campus environment
Just as you choose a particular name and a specific purpose for your fund, you will also choose to support the fund using one or more of the Types of Planned & Major Gifts. In addition, you will choose how the fund is to be managed, i.e., as an endowment where the principal is permanently invested and only specified earnings are used for the intended purposes; as a restricted or "pass-through" fund with no investment and all gifts and principal intended for disbursement; or, perhaps, as a quasi-endowment which combines features of both the endowment and pass-through funds.
CREATING A FUND
It's just a matter of form. This all comes together in the Foundation's
Sample Fund Agreements. Click and examine this sample document with
many blanks for thought and ample language demonstrative of Foundation
The University of Wisconsin-La Crosse is an NCAA Division III member institution. As such, UW-L and the UW-L Foundation are bound by NCAA rules, which prohibit any Division III institution from considering athletics leadership, ability, participation, or performance in making scholarship or financial aid award decisions to any student.
ENDOWMENT FUND MANAGEMENT
The Foundation's endowment and quasi-endowment investment portfolio is overseen by its Investment Committee which works with professional managers retained to handle day to day investment. The Investment Committee meets regularly with the managers to review and evaluate their performance against the standards, policies and goals established by the Foundation. In particular, the goal of the Foundation's total return policy is to provide disbursements for scholarships and awards at a stable level established by the Board to be as large as possible (a minimum of 4% of the fund balance annually) while still honoring its responsibility to the future for continued growth and protection of the purchasing power of the fund in the face of inflation and rising costs.
UW-LA CROSSE MEMORIAL AND HONOR FUND
Every memorial gift is special. The UW-La Crosse Foundation gratefully
receives and treasures these gifts. They are used carefully for the
benefit of the university and its students. Contributions in memory
or in honor of an individual, business or organization ("memorials"),
which are not designated for an already established Named Fund, are
not by themselves large enough to create a new Named Fund ($25,000),
or are directed to a Named Fund that did not reach the level required
for administration as a separate fund ($25,000), will be received, maintained
and pooled into a single endowment fund known as "The University of
Wisconsin-La Crosse Memorial and Honor Fund." Annually, the available
earnings from that fund will be used for general student scholarships
at UW-La Crosse. Selection of scholarship recipients by the UW-L Foundation
Scholarship Committee will be based on the current needs of students
and the general policies of the university and the Foundation at that
Although earnings from the fund are used for general scholarships,
each contribution represents principal which remains recorded and identified
with its specific name. When memorials for a name reach a total of $1,000,
that name will be placed on a permanent plaque to be displayed with
others so honored and recognized. When memorials for a name reach a
total of $25,000, then a Named Fund may be established and scholarships
or awards will be made on an annual basis in memory or honor of that
"Excellence" is our claim for the past as well as our promise for the future. Our students and faculty strive to maintain and to extend this reputation. Their success in this effort depends on the support of the school's alumni and friends. Named Funds enable the University to offer scholarships and to meet a variety of special needs that might otherwise go unfilled. Your gifts can help us plan for the future and realize our dreams, an ongoing process which establishes the most fitting memorial to us all: new generations of men and women committed to Excellence.