Foundation Bylaws and Policies
Minnesota State University, Mankato Foundation maintains policies that ensure gifts are managed responsibly, transparently, and in accordance with donor intent. The following provides a brief overview of key Foundation policies. For access to the full governance, ethics and accountability, fundraising and development, endowment, and investment policies, scroll to the bottom of this page.
Administrative Fees
The Foundation applies administrative fees to support the essential work that makes philanthropy possible. These fees help us receive and acknowledge your gifts, ensure each donation is used according to donor intent, complete required audits and financial reporting, and keep you connected to the impact of your generosity.
Communications
The Foundation communicates with alumni, donors, and members of the community to support engagement, stewardship, and philanthropic activity. Communications may occur through a variety of channels, including phone, email, and text messaging, and are conducted in accordance with applicable University policies and communication standards. The Foundation is committed to respectful, transparent, and relevant communication, and individuals may manage their communication preferences at any time by contacting the Foundation.
Confidentiality
The Foundation safeguards all information about our alumni and donors. This information is never sold, is kept strictly confidential, and is used only to support University affiliated directors, employees, and volunteers in their engagement and philanthropic work.
Fundraising
Supporting charitable giving is central to the Foundation’s mission. Because the IRS sets strict rules governing all fundraising activities, the Foundation ensures that its practices follow these requirements to protect donors, the Foundation and the University.
Gift Acceptance and Acknowledgment
The Foundation follows established guidelines for accepting different types of gifts and directing them to the appropriate funds. We accept gifts that align with the best interests of our stakeholders. Not all proposed gifts may be accepted. This policy ensures every contribution is structured to provide meaningful benefits to the University, its students, the donor, and the Foundation.
Investment
The Investment Policy outlines the investment goals, objectives, and management guidelines for the Foundation’s investment portfolio. It reflects the Foundation’s investment philosophy and provides direction for managing the portfolio under normal market conditions.
Spending
The Foundation sets its annual spending policy for endowed funds by applying a percentage to an average of the endowment's market value to provide consistent support for scholarships, programs, and other donor-designated purposes while preserving the long-term growth of the fund. The percentage is determined annually by the Foundation Board.
For more information on any of these policies, please see our full policy document or contact the Foundation.
Foundation Bylaws and Policies (PDF Download)
Foundation ByLaws and Policies (Flip Book)
