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Tax Exempt Status

Contributions to the Foundation are tax-deductible. The Foundation funds are managed by professional fund custodians and investors whose performance is reviewed quarterly by a committee of the Boise State University Foundation Board of Directors.

The Boise State University Foundation is recognized as a tax-exempt organization under 501(c) (3) of the Internal Revenue Code (#82-6010706).

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Donations to Boise State University qualify for a 50% tax credit — a reduction in the actual tax you owe. If you itemize your taxes, a donation to Boise State allows income tax deductions on both your state and federal returns, plus a 50% Idaho income tax credit.

Your tax benefit is dependent on your personal income level and filing status. Please contact your tax consultant for additional information.

Idaho individuals may take up to 50% of a gift of $1,000 (a tax credit of $500)
Idaho married couples may take up to 50% of a gift of $2,000 (a tax credit of $1,000)
Idaho corporations may take up to 50% of a gift of $10,000 (a tax credit of $5,000)

Many employers “match” their employees’ charitable contributions, providing an easy and effective way of leveraging your gift to Boise State. Some companies provide the guidelines and forms to fill out online, or you can check with your Human Resources office. Some companies match the contributions of retirees and employees’ spouses.

See matching employers.

PHILANTHROPY is based on voluntary action for the common good. It is a tradition of giving and sharing that is primary to the quality of life. To ensure that philanthropy merits the respect and trust of the general public and that donors and prospective donors can have full confidence in the not-for-profit organizations and causes they are asked to support, we declare that all donors have these rights:

I. To be informed of the organization’s mission, of the way the organization intends to use donated resources, and of its capacity to use donations effectively for their intended purposes.

II. To be informed of the identity of those serving on the organization’s governing board, and to expect the board to exercise prudent judgment in its stewardship responsibilities.

III. To have access to the organization’s most recent financial statements.

IV. To be assured their gifts will be used for the purposes for which they were given.

V. To receive appropriate acknowledgment and recognition.

VI. To be assured that information about their donations is handled with respect and with confidentiality to the extent provided by law.

VII. To expect that all relationships with individuals representing organizations of interest to the donor will be professional in nature.

VIII. To be informed whether those seeking donations are volunteers, employees of the organization or hired solicitors.

IX. To have the opportunity for their names to be deleted from mailing lists that an organization may intend to share.

X. To feel free to ask questions when making a donation and to receive prompt, truthful and forthright answers.

This Donor’s Bill of Rights was developed in conjunction with the Association of Fundraising Professionals (AFP), Association for Healthcare Philanthropy (AHP), Council for Advancement and Support of Education (CASE) and the Giving Institute: Leading Consultants to Non-Profits.

Every year, the Boise State University Foundation processes gifts of all sizes. We value every gift and handle each one professionally, respectfully and efficiently. Our ultimate goal is to fulfill our legal and ethical responsibilities for the acceptance, investment and distribution of your gifts. Depending on the gift, we complete some or all of the following steps:

We provide a gift agreement or letter of intent. These documents outline the purpose, form, schedule and administration of the gift.

We convert gifts to cash. Non-cash gifts are converted to cash as soon as practically and prudently possible.

We place the gift in a designated fund. To ensure spending according your direction, a separate fund is established when your gift’s purpose is sufficiently distinct.

We send a receipt. We send a written acknowledgment for every gift in accordance with IRS regulations.

We apply applicable fees. A one-time gift fee, up to 5%, is charged to support University Advancement. Additionally, all endowments are assessed a quarterly administrative fee. These fees do not affect the portion of your donation considered a charitable donation for IRS receipting and University giving totals.

We invest the monies. The Foundation Board approves guidelines to invest gift monies in programs that match the return and risk profiles with the designated purpose for the gift.

We disburse funds to the University. For expendable gifts, all monies are immediately available for University spending. We disburse monies as requested by the University after we confirm the requested spending matches the designated purpose for the monies. For endowed gifts, the Foundation makes cash available for spending based on the Board approved distribution rate, currently 4%, again, only for the designated purpose.