Cash Gifts from Donors
ISU departments may solicit or receive cash gifts from companies or individuals who wish to make charitable
contributions that benefit Iowa State University. Gifts should be made payable to the ISU Foundation. These funds
are to be deposited and processed through the ISU Foundation. When a donor sends a check to an ISU department, the
donor needs to include information on the gift’s designation (i.e. – for which department and for what purpose or event).
For those contributions that are received from individual donors, the
should be completed. For those contributions that are received from corporate or foundation donors and are less than
$5,000, the Gift Reporting Form for Corporate and Foundation Gifts
should be completed. As a general rule, a gift fee of 5% is applied to any gift.
If departments need to confirm their ISU Foundation account name/number, please contact the ISU Foundation at
email@example.com. A postcard will be sent by the ISU Foundation to the donor confirming their gift
shortly after the gift is received. The ISU Foundation will also send a receipt for tax purposes to the donor in
late January which documents all gifts made during the prior year. See the
ISU Foundation webpage for additional information. Some gifts may
require additional information, or may require formal agreements between the donor and the ISU Foundation. Examples
include (but are not limited to) new fund designations, named scholarship/memorial funds, and research projects
that OSPA and the ISU Foundation agree can be administered as a gift. Please contact
if further clarification is needed.