Foundation Terminology

Non-Gift Deposits

 

Describes funds received for such activity as auctions, raffles, memberships, selling T-shirts, event registrations, etc. (A payment cannot be considered a gift if something of value is received in return and in all of these examples something is being given in return for the payment). The Non-Gift Deposit form is used for sending non-gift checks to the Foundation for deposit.

 

Non-Resident Alien (NRA)

A non-US citizen that does not pass the Green Card or Substantial presence test. There are various IRS rules and regulations regarding payments to NRA’s.  Prior to agreeing to compensation/payment to a non-resident alien please refer to our Policy and Procedures Guide for our policy regarding Disbursements to Foreign Nationals. This policy outlines various documentation requirements for all foreign nationals.  It is important that you know and understand these requirements before you contract the foreign national for their services and that you obtain all required documentation before their departure.

Non-Spendable Project Activity Report

Contains the activity for the Non-Spendable portion (new gifts, investment activity, and fees) of your Endowment accounts. These reports are distributed by the last day of the month for the prior month-end activity.

Our Vision

Our vision is to attract broad resources that transform the USM and its institutions, create a network of advocates to embrace the USM’s role as an educator and economic engine, and to grow a long-term, sustainable culture of philanthropy across the University System of Maryland.

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