Frequently Asked Questions
Why does a state university need private support?
Angelo State University is a state assisted university with less than 32 percent of budgeted funds provided by state appropriations. State funding currently provides the means for a basic education, while private funding supports many special programs and projects not possible through conventional funding sources. Examples of these are scholarships and fellowships, research, and building projects. Academic opportunities and enhancements that make ASU great are only available through private support.
What is the ASU Foundation?
How can I make a gift?
What is the Annual Fund Campaign for ASU?
I can't make a large enough gift to make a difference. Why should I bother?
Who decides how my gift will be used?
What is an endowment and how do I create one?
I would like to make a gift every year but don't really have the money.
How can I afford it?
How is my gift to the Annual Fund Campaign different than joining the
Alumni Association?
Is my gift tax deductible?
I have more questions. Who can I talk to?
What is the ASU Foundation?
The ASU Foundation, originally called the Honorary Alumni Association, was created in 1967 to help the university attract support from private resources. It now administers many of the university's fundraising activities. The purpose of the ASU Foundation is to build relationships between ASU and its donors and prospective donors. The Foundation solicits, receives, invests and disburses private gifts that benefit ASU for purposes consistent with the university's mission.
How can I make a gift?
Making a gift to ASU is easy because there are so many ways to give - by phone, online or through the mail - with a check, credit card or appreciated asset. See make a gift now for more information.
What is the Annual Fund Campaign for ASU?
Your support of the Annual Fund enhances the reputation of ASU and provides a vital source of funds to the university. The annual Fund is our primary drive to raise funds for ASU and its programs. Annual gifts are critical to our success and each gift, large or small, adds value and excellence to our students' education.
Loyal ASU alumni, parents, and friends contribute to the Annual Fund each year, helping meet the university's ongoing need for flexible, unrestricted income to support our academic missions. As unrestricted gifts, these contributions are used by ASU on a daily basis where the needs are greatest. Your support to the Annual Fund goes directly to the area of your choice as a personal expression of your commitment to the university, its students, programs and goals.
I can't make a large enough gift to make a difference. Why should I bother?
All gifts, regardless of the size, make a difference. Think about it. If only one-fourth of ASU alumni - about 6,000 people - made gifts of $25.00 each, that's $150,000. What an impact that would have on the university's ability to provide students with scholarships, research and enrichment opportunities.
Who decides how my gift will be used?
You do. You may designate your gift to the university's greatest needs or a particular college, program or department. You can also establish a scholarship, fellowship or professorship or provide funds to support other projects on campus. Regardless of the purpose, every gift makes a difference to ASU's future.
What is an endowment and how do I create one?
An endowment provides an ongoing source of funds for your designated project. Your gift is invested and only the investment income is used for the designated purpose each year. The minimum gift to create an endowment is $10,000 payable over a five-year period. Endowments can be created for scholarships, fellowships, professorships or for departments or programs.
I would like to make a gift every year but don't really have the money. How can I afford it?
Could you give up a large latte every month? That's about what it costs to give the university $5 a month - $60 a year! We make it easy to do with Electronic Funds Transfer (EFT). With your permission, the ASU Foundation will automatically withdraw an amount you specify from your checking account around the 10th of each month and allocate it to your area of interest. To begin an EFT, complete the Authorization Form and mail it today.
How is my gift to the Annual Fund Campaign different than joining the Alumni Association?
The Alumni Association and the Annual Fund Campaign are two separate programs. The Annual Fund Campaign raises money for the university, the colleges and various programs at ASU. The money is spent by the president, deans or program directors based on the immediate needs of their area.
The Alumni Association membership is your opportunity to stay involved with the university and your classmates through the Alumni Magazine and events. A portion of your gift supports ASU through scholarships and special projects for faculty and students. We hope that you choose to support the Annual Fund Campaign and join the Alumni Association.
Is my gift tax deductible?
Gifts to ASU and the ASU Foundation are eligible for tax deductions to the full extent of the law. Consult with your accountant for specific guidance on your gift.
I have more questions. Who can I talk to?
Please contact the Development Office by phone at 325-942-2116 or by email Office of Development with questions or for more information on supporting ASU.
