Last Updated: 12.20.2019
The Wisconsin Foundation and Alumni Association (WFAA) is responsible for recording and receipting all gifts and pledges in accordance to Internal Revenue Code (IRS), Council for Advancement and Support of Education (CASE) and Financial Accounting Standards Board (FASB) regulations. The IRS defines a charitable gift as a donation to or for the use of a qualified organization. It is voluntary and is made without getting, or expecting to get, anything of equal value. WFAA provides written acknowledgement to donors that their gift has been received, which they may use for tax purposes. Additional acknowledgements may be sent by WFAA and/or UW staff for stewardship purposes.
2019 WFAA Year End Giving Guidelines
Gifts must meet the following criteria:
- The gift must be consistent with the mission of the WFAA which is to support the UW.
- The gift must provide financial support for broadly defined areas or may provide for ‘unrestricted’ use, at the discretion of a defined campus unit.
- No detailed technical or fiscal reports may be required as a condition of the gift. If detailed fiscal or technical reports are required, the gift becomes a research contract which must be awarded to the Board of Regents of the University of Wisconsin System, rather than to WFAA. The unit or faculty member involved may provide the donor with a brief summary of the results of supported activities and/or a statement that expenditures were made in accordance with the intent to the gift.
- All patents, copyrights and other intellectual property rights that result from activities supported by the gift are not claimed by the donor.
- The gift contains no restrictive provisions, such as delays or advance notice concerning publication or dissemination of data and information derived from activities supported by the gift.
- Gifts given by donors are irrevocable. However, pledge agreements are revocable.
- The gift must not be eligible for Special Deposit.
When a gift comes into WFAA with no specified fund designation and does not direct the use of the funds to “the greatest needs of UW/WFAA,” the gift would be directed as outlined in the Undesignated Gift Policy.
In addition to the gift criteria above, WFAA may not accept revenue from university-sponsored revenue generating activities such as fees for laboratory and other services, payments for facility use, merchandise sales or payments on contractual or business arrangements. All such funds must be deposited directly with the University into appropriate accounts. Most revenue from ticket sales and registration fees may also not be accepted. Learn More >
Gifts are received by WFAA through standard and approved methods in coordination with WFAA Gift Processing, via an appropriate WFAA Lockbox or the supportuw.org online giving website. Gifts should typically be directed via these methods. If a donor sends a gift to the university directly, the gift may be sent to WFAA with the Gift Deposit Form.
It is acceptable to deposit checks payable to other names with WFAA if there is clear documentation that the donor intended the check to be a gift to WFAA or deposited into a fund held by WFAA. Supporting documentation must be forwarded to WFAA with the check.
University units and programs may have special cases where receiving gifts via another avenue is appropriate. In these, as in all cases, review by WFAA Gift Processing and/or Legal teams is required before any solicitation occurs. This will help ensure timely and efficient gift entry. These cases include:
- Solicitations that direct online gifts via a channel other than supportuw.org/give
- Other non-traditional fundraising approaches
Community Partner Fundraising
WFAA appreciates the many clubs, organizations, and individuals that choose to conduct fundraising events and activities for the benefit of UW-Madison, its affiliates or UW Health (including UW Carbone Cancer Center). These guidelines are intended to provide our Community Partners (both individuals and organizations) with a general understanding regarding fundraising rules and regulations along with the scope of support that UWF’s Gift Processing staff can provide for community partner fundraising events. These guidelines apply to all community partners who desire to hold an event where the resulting funds will be donated to UWF for the benefit of and to support the mission of UW-Madison, its affiliates or UW Health (including UW Carbone Cancer Center).Gift Processing to determine if your event revenue can be deposited into a gift fund at WFAA.
In addition, fundraising events have special IRS deductibility considerations should always be reviewed and approved by WFAA before any marketing materials are developed. The WFAA Registration and Gift Processing team can assist with:
- Event sponsorships
- Event registrations that are under WFAA mission and require use of a WFAA or third party registration tool
- Event registrations that include a gift component
- Auctions and raffles
- Other non-traditional fundraising events
“Quid Pro Quo” Situations: If a donor receives something of value in return for a gift, the donor’s tax deduction is reduced by the fair market value of the benefit received. University units are responsible for establishing and reporting fair market value for benefits and informing donors on solicitation materials. All “quid pro quo” situations or gift solicitations must be reported to and cleared with the WFAA Gift Processing and Legal teams prior to the solicitation or event.