Major gifts to Florida International University can be leveraged dramatically through FIU's participation in the nation's most innovative higher education matching gift program. In some cases, a donor's gift can be doubled by qualifying for a state match.
The State of Florida has two matching gift programs in support of major donations to FIU and other state universities in Florida .
• The Major Gifts Matching Program matches gifts for endowment of $100,000 or more at a rate of 50% or more, depending on the size of the gift.
• The Capital Facilities Matching Program matches all gifts to qualifying construction or renovation projects on a dollar-for-dollar basis, regardless of the size of each individual gift.
The Major Gifts Matching Program .
The Major Gifts Matching Program provides matching funds to gifts for endowments over $100,000 for academic purposes from a single donor. The rate of match depends of the amount of the gift. The rate of matches for different levels of gifts is described in the following table:
Amount
of Gift
|
Match Percentage
|
At Least.
|
Not More Than.
|
|
$100,000
|
$599,999
|
50%
|
$600,000
|
$1,000,000
|
70%
|
$1,000,001
|
$1,500,000
|
75%
|
$1,500,001
|
$2,000,000
|
80%
|
$2,000,001 or more
|
|
100%
|
For example, a gift of $100,000 to endow a scholarship qualifies for a 50% match, which, when added to the corpus of the endowment, creates a scholarship fund of $150,000. With a gift of $600,000, a 70% match of $420,000 creates an endowment of more than $1,000,000. Gifts in excess of $2 million receive a dollar-for-dollar match.
In some cases, gifts of less than $100,000 may also qualify for a match, as long as they are combined with other gifts for the same purpose and the total of all gifts reaches $100,000. Such "bundled" gifts of multiple donors to a single endowment fund can be matched at a rate of 50%, up to a maximum of $500,000.
The Capital Facilities Matching Program.
The Capital Facilities Matching Program matches private gifts to approved construction and renovation projects at the University. All private gifts to these special projects are matched dollar-for-dollar, regardless of the amount of each gift. Private gifts must total at least one-half the total project, and all private funds must be in hand before matching funds are released for the project.
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