1. EXTENSION FUNDRAISING SESSION FOR VOLUNTEERS AND STAFF October 4, 2012

2. Draft Agenda 1.Accessing Endowment proceeds 2.Extension Fundraising – from Outreach to Ag Sci 3.Is it a gift?

3. What’s on your mind? What would you like to learn from this session today? I.E. - Fundraising tools, processes, rules of the road, expectations, best practices, how to get started, how to make an ask, how to finesse a relationship…….etc.

4. 1. Accessing Endowment Proceeds New Process – Educational awards (scholarships) are processed at UP directly against endowment spending accounts – Program expenditures to be made directly against available endowment spending funds on account at UP OR – Program expenditures made at the county level and a request for reimbursement from endowment spending funds – Contact for navigating new process is Cindy Kunes (cak3@psu.edu)cak3@psu.edu

5. 1. Accessing Endowment Proceeds Previous Process – Does not comply with audit requirements or state and federal student aid regulations – Creates stewardship issues No Change – Interest income funds available in full to support the programs – Commitment to provide educational and program support to local programs

6. 2. Extension Fundraising On July 1, 2012 Extension fundraising responsibility migrated from Outreach to Ag Sci. What does that mean for the counties and local fundraising processes? – New address to send checks/correspondence – New Major Gift Staff – New Support Staff – New Opportunities

7. 2. Extension Fundraising Checks and Correspondence: College of Ag Science Development Office Penn State University 233 Ag Administration, University Park, PA 16802 814-863-2754

8. 2. Extension Fundraising New Major Gift Staff – All are supporting Extension-wide fundraising – Mark Theiss, Director (mjt118@psu.edu)mjt118@psu.edu – Lauren Steinberg (lxs229@psu.edu)lxs229@psu.edu – Bruce Rosengrant (bar29@PSU.EDU)bar29@PSU.EDU – Samantha Russell (smc33@PSU.EDU)smc33@PSU.EDU – Eric McGinnis (emcginnis@psu.edu)emcginnis@psu.edu

9. 2. Extension Fundraising New Support Staff – Kelli Gardener (kkk124@PSU.EDU)kkk124@PSU.EDU Stewardship Coordinator Questions about existing endowments – Stacey Hoffman (sae111@PSU.EDU)sae111@PSU.EDU Administrative Coordinator Gift processing – Lisa Spicer (lms8@PSU.EDU)lms8@PSU.EDU Development Assistance Volunteers and events

10. 2. Extension Fundraising New Opportunities – Access to longtime donors to College – Integrated proposals that include Extension, Research and Student applications – 5 major gift officers cross-trained on Extension

11. 3. Is it a gift? Yes, if… Donor is an individual, company, association, or foundation Qualifies as charitable contribution by IRS Donor may define the purpose Unexpended funds do not have to be returned No quid pro quo A report of expenditures may be requested Research results are not required to be shared

12. 3. Benefits of Gifts vs. Grants No overhead or F&A charged to gifts Modest F&A for unrestricted grants with some formal deliverable requirement Gifts can be solicited at the local level or with the help of the development office ITEM CHARITABLE CONTRIBUTION OR GIFT UNRESTRICTED GRANT Maximum DeliverableGift Acknowledgement Confirmation of Use and Purpose Documentation Company Letter Stating Gift or Charitable Contribution Company Letter Stating Financial Support Funding RestrictionNone $50,000 per company, per PI, per fiscal year F&ANone15% of Total Awarded

13. Volunteer and Staff Resources For the latest fundraising materials (session recordings, PowerPoint presentations, fundraising guidelines, fundraising forms, volunteer job descriptions, etc.) visit: http://4hkeystonesociety.pbworks.com http://4hkeystonesociety.pbworks.com

14. Questions?????? Eric McGinnis 814-863-2754 gem122@psu.edu