Foundation Q & A
- What is the GBG Foundation
- Why is the Foundation separate from the University?
- If Grambling State University is a public university, why does it need private gifts?
- How is my gift spent?
- Is my gift tax deductible?
- Who decides the fund-raising priorities?
- Can I designate my gift for a particular purpose?
- How is the Foundation Funded?
- Who governs the Foundation?
- Does the Foundation make grants?
- What kind of information is available to the public and media?
- How can I obtain additional information?
Q. What is
the GBG Foundation?
A: Established in 2005, the Grambling Black & Gold
Foundation is a privately governed nonprofit corporation whose mission
is to support Grambling State University.
Q. Why is
the Foundation separate from the University?
A: Having an independent, nonprofit foundation results
in greater fund-raising efficiencies and benefits for the University by
assuring proper stewardship of private gifts; providing flexibility and
responsiveness; managing assets strategically; engaging volunteers as
informed advocates; and ensuring confidentiality of donor records.
Q. If Grambling
State University is a public university, why does it need private gifts?
A: The State of Louisiana provides less than 40% of the
University’s operating budget. Private gifts allow the University
to provide scholarships, attract and retain the best faculty, build first-class
facilities and continue quality education programs.
Q. How is
my gift spent?
A: The goal of the GBG Foundation is to maximize the
value delivered to the University. By reducing administrative expenses
whenever possible and optimizing organizational efficiencies, the Foundation
is able to transfer to the University thousands of dollars each year.
Each gift received by the Foundation – regardless of the purpose
or amount – is carefully processed to ensure that the donor’s
wishes are honored and that the University receives the maximum benefit.
Q. Is my gift
tax deductible?
A: The GBG Foundation is a registered 501 (c)(3) charitable
organization. All gifts to the Foundation are tax deductible to the fullest
extent of the law. You should consult with your tax attorney/advisor concerning
the deductibility of your gift.
Q. Who decides
the fund-raising priorities?
A: After consulting with the Executive Council, Foundation’s
Board of Directors, ULS Board (where applicable), the Grambling State
University’s president and campus leadership determine which proposed
initiatives and projects become fund-raising priorities. The Foundation
then develops a plan to achieve them.
Q. Can I designate
my gift for a particular purpose?
A: Yes. Although discretionary (i.e., unrestricted) gifts
provide the University’s leadership with the most flexibility in
responding to the needs of the institution by investing in strategic initiatives,
a donor may designate a gift to a particular college/school, department,
or even to a particular fund. Regardless of the purpose, every gift makes
a difference to Grambling State University’s future.
Q. How is
the Foundation Funded?
A: The Foundation is funded through a combination of
mechanism including, but not limited to, an investments management fee,
as well as through development service (i.e., fund-raising activities).
Q. Who governs
the Foundation?
A: An unpaid, volunteer Board of Directors governs the
Foundation. The Foundation’s Board of Directors elects directors
and officers when terms expire. The Foundation’s president and chief
executive officer has the responsibility of working with the University
President, Vice President of Institutional Advancement and Professional
support staff. The Grambling State University President is a voting member
of the Board of Directors while the Provost and VP of Finance are ex-officio,
non-voting members of the Board of Directors.
Q. Does
the Foundation make grants?
A. The Foundation’s mission is to support Grambling
State University. Therefore, the Foundation does not make grants to other
organizations or to individuals.
Q. What
kind of information is available to the public and media?
A. The GBG Foundation goes above and beyond state and
federal requirements by providing to the public audited financials, summaries
of investment activities, annual reports and IRS Form 990. The Foundation
does not disclose private information regarding donors or potential donors,
unless they give written permission. Further details are outlined in the
Foundation’s Public Information Disclosure Policy.
read
more
Q. How can
I obtain additional information?
A: If you have reviewed this web site in its entirety
and cannot find the information you need, please contact us by calling
(318) 274-2207. We will do our best to answer your question(s) in a thorough
and timely manner.


