University of Alaska Foundation

University of Alaska Foundation The UA Foundation is a private nonprofit corporation that operates as a public foundation. It was established in 1974 to solicit, manage, and invest donations for the University of Alaska's exclusive benefit. The UA Foundation is a tax-exempt organization described in subsection 501 (c) (3) of the Internal Revenue Code. Donations made to the UA Foundation are deductible according to schedules established under income and estate tax regulations. The UA Foundation qualifies as a public charitable organization under Subsection 170 (b) (1) (A) (vi) of the Internal Revenue Code. The UA Foundation is separate and distinct from the University of Alaska and governed by a Board of Directors. The UA Foundation works closely with each university in the UA system and with others in the community, exclusively for the benefit of the university. The Board of Regents of the University of Alaska recognizes, through policy, the UA Foundation as the entity that manages private gifts made to support all universities of the UA system. Mission, Vision and Values Mission: The University of Alaska Foundation seeks, secures, and stewards philanthropic support in partnership with the University of Alaska system to help shape Alaska’s future. Vision: The University of Alaska Foundation inspires philanthropy for the University of Alaska system to make a global impact for all generations to come. Values: The University of Alaska Foundation values: - Enthusiastic advocacy - Inspired generosity - Wise stewardship - Meaningful diversity, equity, and inclusion What We Do The UA Foundation seeks, secures, and stewards philanthropic support to build excellence at the University of Alaska. The UA Foundation provides central services to: Raise and distribute philanthropic support The UA Foundation partners closely with donors and UA to create philanthropic impact. To ensure that our donors' wishes are respected, individualized gift agreements with donors and university leaders clearly articulate each donor's intent. Manage and invest assets and endowments The UA Foundation manages endowments with a total market value of more than $375 million as of 2021. Account Management The UA Foundation provides accounting services for more than 1,800 separate funds and responds to over 1,600 account service requests a month. There are more than 1,500 funds for student aid, many of which are administered by the foundation. Donor Relations The UA Foundation provides gift receipting and acknowledgment for all donations made to the university. The UA Foundation coordinates relationships between the university and potential donors. The foundation nurtures relationships with existing donors through reporting, recognition, and stewardship events.