The fund number (5 digits) identifies the type of project.
All contributions made to the CSUSM Foundation are subject to a 5% gift fee (except for annual/current-use scholarships equal to or under $25,000). Sliding scale for gifts greater than $2 million
Gift fees are charged to the project on a monthly basis for the total contribution received for the respective month.
The endowment principal, earnings, and spending allocations are tracked separately so the historic book value and any additional donations for each endowment can be maintained.
Each endowment is set up with three project accounts:
If, at any point throughout the gift timeframe, funds are not expected to be spent or consideration for a new spending plan purpose may be needed, the Project Director shall immediately contact the Foundation Project Administration.
This is critical to honor donor intent and to provide Advancement staff with adequate time to work with the donor/s (if applicable).