What is the difference between a philanthropic gift and a sponsored program?
A philanthropic gift is a charitable donation paid outright or a pledge paid over time. Expendable gifts are intended to be spent in entirety whereas endowed gifts are invested to last in perpetuity, with distributions available for spending. Gifts often take the form of unrestricted or restricted scholarships, fellowships, and programmatic support; however, it is dependent on the donor’s interest, commitments, and the impact they wish to make at NYU. While gift agreements may outline how the funding will be spent, stipulate the donor’s preferences, or additional requirements for anonymity and reporting, there are no conditional, reciprocal obligations between the donor and NYU. Philanthropic gifts are of all sizes and are processed through Advancement Services.
The Office of Sponsored Programs (OSP) reviews and processes proposals and contracts outlining sponsored programs with federal, state, municipal, philanthropic, not-for-profit, and foreign entities. Sponsors provide funding for specific research or projects within a designated timeframe. Unused funds may be reverted to the sponsor. These grants may advance the production of research or an initiative that bolsters the sponsor’s mission or interests. UDAR’s Institutional Engagement team builds relationships with corporations and foundations and works in tandem with the Arts & Science Sponsored Research team to secure grants of $100,000+. These efforts yield sponsorships, which are processed through OSP. For any inquiries, please email UDAR's Institutional Engagement team for assistance.
On the occasion a gift agreement or circumstance is unclear, it will be forwarded to OSP for further review.OSP will verify and process it as a sponsored program or return it to Advancement Services for gift processing. Advancement Services and OSP have distinct purviews with non-interchangeable processing authority and responsibility. As gift agreements and contracts for sponsored projects are legally binding, these processes ensure compliance, protect parties from potential liabilities, and allow for accurate recordkeeping and reporting. To explore whether funding is a gift or a grant, send an email to GiftOrGrant@nyu.edu and cc: firstname.lastname@example.org with any pertinent information.
What are the different ways a gift can be made?
Gifts can be made by mail (check, cash), online (credit card), by phone, wire and security transfers, donor-advised funds, and matching gifts. Credit card gifts must be documented with Advancement Service’s credit card authorization form. For additional details and instructions, please contact an administrative staff member. Instructions on how to make a gift.
Does UDAR help with department finances in overseeing account balances?
As UDAR’s stewardship team oversees donor reports, select staff members have the authority to access certain account balances. Arts & Science development can access giving details. Specific inquiries about account balances and finances should first be directed to departmental administrators and/or A&S Affairs. Please do not hesitate to contact an administrative staff member for assistance; our team can help identify if it is within our purview or contact the appropriate administrator.
Can I access gift information and donor data?
UDAR utilizes Ellucian Advance to manage confidential donor data. When discussing fundraising strategy, the development team can provide giving information and alumni information pulled from the database.
Can a solicitation be made in a newsletter? What if my department already fundraises?
Yes! Our fundraisers can help review your newsletter or website to ensure the solicitation language is clear and effective. We can also assist with creating a direct giving link for your website. Information and resource sharing is critical, but it can be a challenge given NYU’s size and scope. If your department has already been involved in fundraising initiatives, please contact our fundraisers so we can understand your needs and help you strategize.
I am interested in fundraising for an initiative with a specific deadline. How can I work with the Development team to develop my own platform?
Rising Violets is NYU’s crowdfunding platform for peer-network fundraising. Through this platform, you will be able to rally a team of supporters to champion the University causes you feel most passionate about. Fundraising through Rising Violets allows you to make an impact through specific initiatives that shape the NYU community. Rising Violets projects launch in both the Fall and Spring and the live campaign will last 30-45 days. Fall 2023 applications are due September 12, 2023, and Spring 2024 applications are due January 30. Please find more information at the Rising Violets site. If you have additional questions, you can email the team who manages the platform.
Where can I find information about Arts & Science Alumni Relations?
The Arts & Science Alumni website has news, upcoming events, volunteer opportunities, and more information for alumni from the College of Arts & Science, the Graduate School of Arts & Science, and Liberal Studies. The monthly Arts & Science Alumni Newsletter is a great way to stay updated on alumni relations programming. Please contact Anna S. Covatta to be added to the mailing list for the newsletter.
How can I contact alumni to share news or an upcoming event my department is hosting?
Faculty and staff can suggest content to be shared via the alumni website, newsletter, social media channels, or targeted email marketing by submitting the Arts & Science Alumni Communications Request Form. As noted on the form, we request advance notice to confirm your information and share it via our channels. For questions about alumni communications, please contact Anna S. Covatta.