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Frequently Asked Questions

Foundation FAQ

What is the difference between the UCO Foundation and the University of Central Oklahoma?

Since UCO is a public university, why is there a need for private gifts?

Who determines UCO's fundraising priorities?

How do I make a donation?

Can I designate my gift to a particular area or program?

What kinds of gifts does the UCO Foundation accept?

How do I become a Presidential Partner?

How is my gift spent?

Is my gift tax deductible?

What kind of information is made available to the public and media?

How can I get more information?

What is the difference between the UCO Foundation and the University of Central Oklahoma?

The UCO Foundation is an independent, nonprofit organization with a mission to support the University of Central Oklahoma. Having an independent foundation means greater fundraising efficiency and benefits for the University. We ensure the proper stewardship of all gifts to the Foundation, manage and invest assets strategically, provide flexible and prompt responsiveness to funding needs, protect the confidentiality of our donors' records, and ensure our processes meet or exceed federal accounting standards for nonprofit organizations.

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Since UCO is a public university, why is there a need for private gifts? 

Contrary to what many may think, funds from the State of Oklahoma make up less than half of UCO's annual operating budget. Support from alumni, community members, corporations and outside foundations is critical to the advancement of the educational experience at UCO. These gifts allow UCO to attract faculty who are among the best in their field, provide scholarships for our growing student population, build new facilities and improve existing ones, fund unique learning opportunities outside the classroom and more. The opportunities at UCO are as limitless as the ideas of our students, faculty and staff and the unwavering support of our friends.

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Who determines UCO's fundraising priorities?

Based on their consultation with faculty, staff, students and other community stakeholders, the UCO President, Executive Committee and other campus leadership determine which needs, projects and programs are priorities for fundraising efforts. The Foundation then develops and leads the implementation of a plan to fund these priorities.

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How do I make a donation?

You can make a donation online using your MasterCard or Visa by clicking the "Give Now" button on any of the pages on our website.  You can also print the online giving form, complete the information and mail your credit card information or a check made out to the UCO Foundation (not just UCO, as we will not be able to process the check) to the UCO Foundation office at 100 N. University Dr., Box 133, Edmond, OK 73034.   You may also call the UCO Foundation at 405.974.2770 to make other arrangements, to set up a planned giving program or to transfer stocks and securities. 

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Can I designate my gift to a particular area or program?

Yes!  In fact, our donors must tell us where they would like to direct their gift, even if it is for unrestricted or discretionary needs, for us to process a gift.  While unrestricted gifts allow UCO leadership the flexibility to respond to the University's immediate and greatest areas of need, a donor can choose to designate his or her gift to a particular college, department, program, scholarship fund or other specialized fund.  To be processed appropriately, the donor's designated area must have an established fund or account at the Foundation.   

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What kinds of gifts does the UCO Foundation accept?

We accept monetary and in-kind gifts through a variety of avenues.  The broadest way we collect monetary gifts is through our Annual Fund, which supports academic endeavors campus-wide.  Donors may also set up endowments or contribute stocks and/or securities.  We can also assist donors in including the UCO Foundation in their planned giving.  In-kind gifts, such as pieces of art or specialized services, are accepted at the discretion of the Foundation and/or the University leadership.  For more information, visit our Ways to Give page.

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How do I become a Presidential Partner?

Any donor who gives $1,000 or more the time frame of one year qualifies as a Presidential Partner and is entitled to all member benefits.  For more information on Presidential Partner benefits, please visit our Ways to Give page.

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How is my gift spent?

The Foundation directs each gift to the area designated by the donor, with a nominal administrative fee assessed on most unendowed gifts.  Funds from that account cannot be accessed without the proper documentation that the money will be spent in accordance with an account's stated purpose.  This ensures the donor's wishes are honored and the University receives the maximum benefit.

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Is my gift tax deductible?

Yes.  The UCO Foundation is a registered 501(c) 3 charitable organization, and, thus, all gifts to the Foundation are tax deductible to the fullest extent of the law.  Consult with your financial advisor to determine the deductibility of your gift.

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What kind of information is made available to the public and media?

The UCO Foundation provides audited financials, investment activity summaries and annual reports to the public and/or media.  Documents related to financial expenditures by the Foundation, which benefit the University, are considered public records under the law.  The UCO Foundation does not share or disclose private information on its donors or potential donors without written permission from the donor.

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How can I get more information?

If you can't find the answer to your question on this website, please call us at 405.974.2770.

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