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If I'm understanding this program correctly, our individual AAs/HCs can't set up a 501(c)(3). However, we can benefit if we align w/the development dept. of our individual universities/colleges.
For example, donors send money to Northwestern's Alumni Assn. & specify that it's to go specifically toward Building Fund XXXX. The money is a write-off for the donor, and the university funnels it directly to the building fund's recipient...in this case, Alpha-Iota.
I'm pretty sure it's the same scenario being done @ other institutions. Alpha-Tau/Iowa State has a comparable arrangement, and we're looking into it @ Beta-Omicron/Illinois State. Seems like a win-win for all involved.
In ZAX,
BF
__________________
Bill Foltz, B-O 130
Illinois State '77
"People the world over have always been more impressed by the power of our example than by the example of our power."
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