Q & A: Charles G. Koch Charitable Foundation Gift to Florida State University
Posted May 9, 2014
Each year, thousands of donors choose to support Florida State University by making charitable gifts through the Florida State University Foundation. In 2013, 25,895 donors contributed more than $69.7 million in gifts and commitments to the Foundation to support academic programs, faculty, students and facilities. Without private funding, the university would be unable to offer the depth and breadth of programming that it does today.
Frequently Asked Questions
Florida State University is a public university; doesn’t the state take care of
FSU is assisted, but by no means fully supported, by the State of Florida. State appropriations account for only a small percentage of the university's budget and support. Declining state support is a national trend facing many public universities. No state university can be competitive today without significant private support.
What are some good reasons to contribute to Florida State University?
Florida State’s rich history, proven record of success and vision of the future make a strong statement about the transforming power of education. Higher education has the power to change individual lives and is the key to solving large issues. Florida State’s three-fold mission—education, research and service—is catapulting the university into the global spotlight. Closer to home, academic research programs are addressing some of our state's and nation’s most pressing societal concerns.
Who is contributing financial support?
Gifts come from various sources. The greatest number of gifts comes from alumni and friends who recognize the importance of building on FSU’s record of academic excellence.
How does the Foundation support Florida State University?
The Foundation exists solely for Florida State University. We raise, manage, invest and disburse funds for the advancement of the learning environment at FSU. Through annual giving programs, planned gifts (wills, trusts and other methods of giving) and special-purpose campaigns, the Foundation works with the colleges, programs and units of the university to generate private support from alumni and friends.
What does the Foundation do with contributions?
We do exactly what the donors tell us to do with their gifts. The majority of gifts are designated by donors for a particular college, unit or program. These are called restricted gifts.
How can I support the college or program of my choice?
You may select from any of the areas on the Designate Your Gift page.
Are gifts tax deductible?
Yes, gifts to Florida State University are fully tax deductible to the extent allowed by the law.