For full functionality of this page, it is necessary to enable JavaScript. Here are the instructions on how to enable JavaScript in your web browser

Frequently Asked Questions

Who are we?

Why is private support important?

What happens once a gift is contributed to the WSU Foundation?

How are WSU Foundation’s fundraising priorities determined?

Are any fees assessed on the gift?

Who governs the WSU Foundation?

How does the WSU Foundation differ from the WSU Alumni Association?

 

Who are we?

The Wichita State University Foundation (Foundation) was formed in 1965 as the fundraising arm for the Wichita State University (university). The Foundation is a separate 501c3 nonprofit corporation chartered by the state of Kansas. Any gifts supporting Wichita State University come through the WSU Foundation and are used according to the donor’s wishes. The gifts are tax deductible to the full extent as governed Section 170b of the IRS code. Learn more about our mission and core values (Philosophy).

Back to top

Why is private support important?

WSU is a state-assisted public university with 48.8 percent support from the state and the remainder comes from these sources:  tuition, auxiliary services, grants and contracts, and private philanthropic support given through the WSU Foundation. Private support becomes more critical each year. 

Back to top

What happens once a gift is contributed to the WSU Foundation?

The gift will be placed in an existing fund or a new fund will be created, depending upon the donor’s designation. One type of fund is called current, one that can be spent entirely. The other type of fund is an endowed fund, which is invested so it will last for perpetuity and only a portion of the earnings are distributed annually. 

Back to top

How are WSU Foundation’s fundraising priorities determined?

Each college is assigned a development staff member who discusses the potential priorities with the assigned college dean. Each dean presents his/her priorities to the Foundation’s president & CEO and vice president for major gifts. Next, the Foundation’s president & CEO meets with the WSU provost to determine which priorities will be emphasized during the coming year, as we seek private support (Academic Priorities). 

Back to top

Are any fees assessed on the gift?

As an independent organization, fees are necessary to support the WSU Foundation’s essential work in helping the university grow. The WSU Foundation’s fee structure is periodically reviewed and approved by its Board of Directors. Currently, the WSU Foundation has three distinct fees.

  • Endowment Administrative Fee: On July 1 of each year all endowment funds are charged a 1.65 percent fee that is based on a 20 quarter rolling average of the market value.
  • Liquidation Fee: The WSU Foundation assesses a liquidation fee on estate gifts. This previously ranged from 2 to 5 percent depending on the size of the gift. Effective July 1, 2015, it will be a flat 5 percent on all estate gifts.
  • Foundation Fee: A one-time fee of 5 percent already is assessed on capital building and capital equipment gifts. And effective July 1, 2015, a one-time fee of 5 percent will be assessed on all incoming gifts, including endowments gifts. For example, if someone makes a gift of $1,000, then $50 goes to the WSU Foundation for operating costs and $950 goes to the purpose designated by the donor. 95% of all the money raised is used entirely for the purpose intended by the donor. Very little of a donor’s gift is used to support the WSU Foundation itself.

See Foundation Fees FAQs

Back to top

Who governs the WSU Foundation?

A volunteer board of directors governs the Foundation. Currently, we have a 22-member board (Board of Directors) that meets quarterly and they are elected and authorized to act on the National Advisory Council’s (NAC) behalf. The NAC is made up of roughly 108 members (National Advisory Council). 

Back to top

How does the WSU Foundation differ from the WSU Alumni Association?

Both the WSU Foundation and the WSU Alumni Association are separate 501c3 nonprofit corporations and both exist to serve the university. The focus of the Foundation is to support the educational endeavors of Wichita State University and all related or beneficial activities. (Mission Statement) We work closely with the WSU Alumni Association, but we have separate missions (Alumni Association site).

Back to top