Frequently Asked Questions
Q. What is the purpose of the Haskell Foundation?
A. The purpose of the Haskell Foundation is to support Haskell Indian Nations University as a national center for Indian education, research and cultural programs. To achieve this purpose, the mission of the Haskell Foundation is to seek, encourage, receive and manage gifts, grants and bequests for the benefit of Haskell Indian Nations University. This is accomplished through the fund raising, capital campaigns, and educational support.
Q. How is the Haskell Foundation governed?
A. Haskell Foundation is governed by a Board of Trustees. The Foundation is a nonprofit 501(c)(3) organization recognized by the federal government as qualified to receive and disburse tax free monies.
Q. What types of gifts does the foundation accept?
A. Haskell Foundation will accepts gifts of cash or real property, deferred gifts, life estate gifts, IRA rollovers, bequests, life insurance and other types of planned gifts. Irrevocable planned gifts of trusts, annuities, insurance, or life estate gifts will be recognized as part of the campaign objectives to increase permanent and endowed funds serving students. Haskell Foundation will work with the donor’s attorney, accountant, and financial planners to ensure that the donor’s needs are met.
Q. How stable is the Haskell Foundation?
A. Haskell Foundation has reorganized with a new board and new policies and procedures. After a decade of inactivity the board has established a new personnel roster consisting of an executive director, administrative assistant and accountant. It also has introduced a new development plan.
Please refer to the news release below from the Lawrence Journal World: http://www2.ljworld.com/news/2015/may/06/fledgling-haskell-foundation-sets-fundraising-goal/
Q. Does the Haskell Foundation have an endowment?
A. No, currently the Haskell Foundation does not manage endowments.
Q. Can gifts be designated for specific projects?
A. While the Haskell Foundation encourages donors to make their gifts as unrestricted as possible, it welcomes donor’s interests and wishes regarding restrictions placed on a gift. The foundation does earmark certain contributions for specific programs. These funds are then restricted for the purpose designated.
The Haskell Foundation does reserve the right to decline any gift if it does not fit with the mission and core values of the foundation.
Q. Will the Haskell Foundation accept multi-year pledges?
A. Yes, donors are encouraged to elect a schedule of recurring payments.
Q. Is my contribution to the Haskell Foundation tax deductible?
A. Yes, to the fullest extent of the law.
Q. Will there be naming opportunities available to donors and families?
A. Yes, in accordance with the approved policies of the Haskell Foundation and Haskell Indian Nations University, appropriate gift levels have corresponding naming opportunities including scholarships, programs and facilities.
Q. Does the Haskell Foundation receive a percentage of all donations for administrative purposes?
A. Yes, the Haskell Foundation has a board approved rate of 19.9% for fiscal management. This supports operations and administrative costs. A nonprofit’s indirect costs (sometimes called overhead or administrative costs) are legitimate expenses that need to be reimbursed for the organization to be sustainable and effective.
Q. Why should I contribute to a Federally funded institution that already receives public money for programs and capital projects?
A. There is a great misconception that because Haskell receives public funding, private funding is not needed. While Haskell depends greatly on the public funding core operating budget, the learning environment today demands far more additional resources than can be traditionally met by government funding. Haskell Indian Nations University, like its state-supported counterparts, must seek financial gifts from its friends in the private sector. Government funding creates an acceptable accredited university. Private sector gifts propel Haskell to become an exceptional university in its ability to prepare today’s student for tomorrow’s economy.