Describes donations to the foundation for the benefit of our clients. A gift is bestowed voluntarily and without receiving anything in return. Gifts can come in the form of check, money order, credit card, stock, or other tangible property.
Non-cash contributions such as real estate, equipment, and art.
The act of running or managing an organization. The USM Foundation Board of Directors has a Governance Committee which provides oversight of the Foundation’s structure, and reviews policies and processes to insure compliance with the Foundation’s bylaws, mission, and best practices.
Money received to fund a particular project or program, usually as a result of a proposal submitted to the granting organization. There are various policies and procedures related to whether the Foundation can be awarded grant funds, and also various monitoring and reporting requirements related to grant awards and unique to individual grants that must be followed.