Step-By-Step Guide
- Determine the nature of the request, including dates, times, etc.
Contact your area’s Project Manager for guidance on managing sponsorships.
What if there is no existing fund?
If no fund exists, you may establish a new one with a $1,000 transfer from your discretionary fund in the Foundation.
What about term sponsorships?
A term sponsorship is when someone gives a set amount of money for a set number of years and in exchange receives naming recognition for that term on a select item/place/location. A term sponsorship will count as voluntary service credit and not a tax-deductible gift.
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.
Used for things like scholarships, programs, capital projects, lecture series or endowed positions. A spendable fund may be standalone or linked to an endowment. Every endowment has an associated spendable fund.
Holds the principal of the endowment and is invested by the Foundation. The principal cannot be spent directly. Investment earnings are transferred twice annually (May and November) to the spendable fund for use. An endowment ensures funding is available in perpetuity.