The following policies outline guidelines for the assessment of a Capital Gift Administrative Allowance and an Endowment Gift Administrative Allowance at Colorado Christian University (CCU). Please select from the options below to learn more about each policy.
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FAQs
Below are some frequently asked questions about CCU's Capital Gift Allowance Policy and Endowment Gift Allowance Policy.
What is the University Capital Gift Allowance Policy?
The University Capital Gift Allowance Policy outlines the guidelines for the assessment of a capital gift administrative allowance at Colorado Christian University (CCU). This allowance supports the University's commitment to Christ-centered academic excellence through direct operational support during capital campaigns.
When does the policy take effect?
The policy became effective July 1, 2023 and will remain in effect for the foreseeable future.
What does the Capital Gift Allowance (CGA) refer to?
The CGA is a 5% deduction applied to charitable gifts received by CCU for the purpose of contributing to officially announced capital campaigns. This deduction supports the University's operational needs throughout each capital campaign.
Are there specific criteria for gifts to be subject to the CGA?
Yes, the policy applies to all capital gifts and pledges exceeding $25,000, with a maximum single gift or pledge amount of $100,000. These gifts must be received by the University on or after July 1, 2023.
How is the CGA calculated and utilized?
The CGA is calculated at 5% of the total gift or pledge amount. It is allocated to support the University’s operational needs throughout the duration of each capital campaign. This helps provide fiscal stability and contributes to the University's long-term growth and development.
How will donors be informed about the CGA?
The University is committed to transparency. Donors will be informed about the CGA's existence during solicitation and before their gift is processed. This information will also be included in gift acknowledgment letters, relevant documents, and on the University's website.
How will funds generated through the CGA be managed?
Funds generated through the CGA will be carefully managed collaboratively by the CCU President, the University's Advancement Office, and the Accounting Department. These funds will be allocated to the university’s annual operational budget during each capital campaign and for initiatives aligning with the University's strategic capital campaign(s) and campus development plan(s).
How does the policy align with a biblical principle?
The policy refers to Malachi 3:10 (NIV), emphasizing giving, generosity, and preparation for future needs. It reflects CCU's commitment to creating a culture of philanthropy where donors contribute to the University's mission, ensuring fiscal sustainability for future generations and honoring God’s provision through thoughtful and prayerful stewardship of the gifts he’s given us through our generous donors.
Will the policy be subject to updates?
Yes, the policy will undergo periodic reviews to ensure its effectiveness and alignment with the University's mission and values. Any amendments deemed necessary will be communicated to relevant stakeholders.
How does the CGA policy impact CCU's mission?
The CGA policy empowers CCU to enhance its infrastructure, academic programs, and operational sustainability. This aligns with the University's mission of providing Christ-centered higher education, shaping students' minds, hearts, and faith for generations to come. Donors' support plays a crucial role in achieving these goals.
What is the University Endowment Gift Allowance Policy?
The University Endowment Gift Allowance Policy outlines the guidelines for assessing an endowment gift administrative allowance at Colorado Christian University (CCU). This allowance supports the University's commitment to Christ-centered academic excellence by covering administrative costs related to endowment investments, compliance accounting and auditing, foundation marketing, and non-personnel operations.
When did the policy take effect?
The policy became effective July 1, 2023 and will remain in effect for the foreseeable future.
What is the purpose of the Endowment Gift Allowance (EGA)?
The EGA is designed to support the administrative costs associated with endowed scholarships, faculty or academic endowments, and general (quasi) endowment donations. It aids in the sustainability of the Colorado Christian University Endowment Foundation (CCUEF) and contributes to the long-term development of CCUEF operational needs.
Does the policy apply to all endowment gifts?
Yes, the policy applies to all endowment gifts and/or pledges that meet or exceed $25,000, with a maximum single gift or pledge allowance of $100,000. These gifts must be received by the University on or after July 1, 2023.
How is the Endowment Gift Allowance calculated and utilized?
The EGA deduction is 5% of the total gift or pledge amount. This allowance is allocated to the Endowment Administrative Allowance Fund, which supports administrative costs related to endowment investments, compliance, accounting, auditing, foundation marketing, non-personnel operations, and the overall sustainability of CCUEF and CCU.
How will donors be informed about the EGA?
Transparency is a priority. Donors will be informed about the allowance's existence during solicitation and before their gift is processed. This information will also be included in gift acknowledgment letters, relevant documents, and on the University's website.
How will funds generated through the EGA be managed?
Funds generated through the EGA will be carefully managed by CCUEF and the University's Advancement Office in line with the CCUEF charter and investment committee policy. These funds will be allocated to cover operational expenses, investment costs, marketing, accounting, and other fiscal operations.
How does the policy relate to a biblical principle?
The policy cites Malachi 3:10 (NIV), emphasizing the significance of giving, generosity, and preparation for future needs. It reflects CCU's commitment to creating a culture of philanthropy where donors contribute to the University's mission, ensuring fiscal sustainability for future generations and honoring God’s provision through thoughtful and prayerful stewardship of the gifts he’s given us through our generous donors.
Will the policy be subject to updates?
Yes, the policy will undergo periodic reviews to ensure its effectiveness and alignment with the University's mission and values. Any necessary amendments will be communicated to relevant stakeholders.
How does the EGA policy impact CCU's mission?
The EGA policy ensures the sustainability of the CCUEF, directly contributing to long-term investment practices, expertise, and CCU's operational sustainability. Through donors' philanthropic support, CCU can create a lasting impact on students' minds, hearts, and faith, providing an exceptional educational experience for present and future generations.
