|The University Educational Trust oversees the university's endowment and partners with public and private organizations to generate resources that help provide students an exceptional education.|
The Cal Poly Pomona University Educational Trust (UET) is offering an endowment incentive program to provide bonus funds to donors contributing to new or existing endowment accounts or University Honors Program endowments.
For every $5,000 donated to an existing endowment, the UET will provide $2,000 to add to the gift. Those who contribute a minimum of $10,000 to a new or existing endowment will automatically receive an additional $5,000.
UET is also offering an incentive to donate to the University Honors Program endowment, a program that will provide awards to incoming freshmen honor students for two to three years. For every $10,000 donated to this endowment, the UET will match the contribution with an additional $10,000 gift. Donors will have the opportunity to name their award, similar to the President's Council Scholars program, as well as designate a college/school preference.
“Last year, a similar matching incentive program produced approximately $1.3 million in new endowment funds to benefit students at Cal Poly Pomona,” says Scott Warrington, vice president of University Advancement. “We want to continue that trend with an even greater incentive this year for those who wish to support the Honors Program and help to attract and retain the very highest caliber of student to the university. We are very grateful to the UET board for supporting this fine and successful matching gift project.”
The UET Board of Directors approved the incentive program on Dec. 12, allocating $200,000 from the UET undesignated cash reserves for funding. The incentives will remain available through June 30, 2006, or until funds are expended. (Matching funds have been made available from unrestricted cash held by UET.)
Established in 1994, the UET is Cal Poly Pomona's primary external fund-raising, funds-management and revenue-distribution arm. The organization oversees the university's endowment and partners with public and private organizations to generate resources that help provide students an exceptional education. This support is essential because the university is state-assisted, not state-funded.
Endowment funds are held in trust by the UET in perpetuity. They are professionally managed to ensure the income generated meets the needs of the projects andprograms it supports.
A 501 (c) (3) tax exempt organization, the UET is recognized by the CSU Board of Trustees as a Title V auxiliary organization of the CSU. Such recognition allows the utilization of Cal Poly Pomona's name, resources and personnel.
To make a donation online, click here.
For more information on the UET's endowment incentive program, contact Ron Simons at (909) 869-4996 or Francine Ramirez in University Advancement at (909) 869-6989.