What are the advantages of placing Funds with the NCCES Foundation or the entities that fall under its oversight?

• A Memorandum of Understanding is developed by the specific foundation, reviewed by all parties to document that wishes of the donor are carried out, and signed by all involved parties. In the case of county accounts, the organization or group providing the funds has control over expenditure of investment income.
• Funds are co-invested with over $200 million held by the NC State University Investment Fund, Inc. While funds are co-mingled, records on each fund are maintained and must follow the uses outlined in the Memorandum of Understanding.
• The potential rate of return is often higher than on a CD or other short term investment because the funds are co-invested with other foundations at NC State University.
• NC Agricultural Foundation is a 501(C)3 entity, thus providing opportunities for giving that are tax-deductible.
• The Foundations Accounting and Investment Unit at NC State files the 990 for the funds and provides a yearly audit of all accounts held by the foundations.
• Individual accounts held by the foundations are provided an annual report of income, expenditures, and investment income.
• Every donor receives an official NC Agricultural Foundation receipt that identifies the specific fund to which the gift was made. There are also opportunities for identifying honorariums or memorial gifts; individuals will receive acknowledgement cards when this type of gift is given.
• Each year the donor (s) will receive a stewardship report and annual correspondence on fund performance.

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