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ARCS Oregon's University Matched Endowment Program

Posted on Saturday, August 12, 2017

 

An ARCS Foundation Oregon University Matched Endowment (UME) supports a scholar award at Oregon Health & Science University, Oregon State University, or University of Oregon in perpetuity.  By establishing a UME you can leave a legacy by giving a gift that will continue funding outstanding ARCS Foundation scholars permanently into the future.

You could fund a UME if you are required to take a minimum distribution (RMD) from your IRA. This is a tax-smart way to support science in America and is excludable from your gross income (a TAX FREE gift!).

I.  ARCS FOUNDATION OREGON UNIVERSITY MATCHED ENDOWMENT

  • The minimum amount to establish a UME at OHSU, OSU, or UO is $100,000.
  • The three research universities supported by ARCS Oregon, OHSU, OSU, and UO, currently allocate matching funds of $50,000.
  • ARCS Foundation Oregon provides matching funds toward the establishment of a new UME. For each new pledge of $100,000 or more, the Oregon Chapter will contribute $7,500.

Example of a UME:
$100,000    Donor gift
+  50,000    University matching funds
= 150,000    Minimum amount to start a UME 
+     7,500    ARCS Foundation Oregon match
 $157,500    Total amount of the Named ARCS Foundation UME

  • A UME may bear your name or the name of someone you choose to honor.
  • The UME funds a scholar in an approved ARCS Foundation Oregon department at the university designated by the Donor.
  • University Matched Endowment Agreement templates have been written and approved by ARCS Oregon board and the university partners.

II. MANAGEMENT OF THE UNIVERSITY MATCHED ENDOWMENT 

  • The UME is invested and managed by our university partners (OHSU, OSU and UO).  The endowments are 3-way agreements between:
    • ​The Donor
    • ARCS Foundation Oregon
    • The respective university (OHSU, OSU, or UO)
  • Once the UME is established, each individual endowment maintains a separate identity but is pooled with all university endowments for investment purposes.
  • The goal of an established UME is to fund scholar awards from its investment returns.  The ARCS Foundation Oregon Scholar Award funds an aggregate of $18,000 payable over 3 years.
  • Each university will provide an annual report on the UME status and activity to the Donor.

III. TIMING

  • Ideally, the UME should be established with a full 4 quarters of investment time before funding a scholar award.
  • The Donor may always jumpstart funding the UME by contributing an additional $6,000 for the first year.

IV.  UNIVERSITY MATCHED ENDOWMENT PROGRESS AS OF 1/1/17

  • To date, six university matched endowments have been established since 2016 using this model:
    • Three (3) at OSU
      • College of Agricultural Science
      • College of Forestry
      • College of Earth Ocean and Atmospheric Sciences
    • One (1) at UO
      • Department of Biology
    • Two (2) at OHSU
      • School of Medicine

V. UNIVERSITY MATCHED ENDOWMENTS AVAILABLE

  • As of 8/12/17, university matching opportunities are still available at:
    •  OHSU in the following schools (3 available)
      • School of Medicine
      • School of Nursing
    • Oregon State University in the following colleges
      • Four (4) in the College of Engineering
      • One (1) in the College of Science (Microbiology)
    • University of Oregon in the following departments (1 available)
      • Department of Biology
      • Department of Chemistry

For more information contact us at oregon@arcsfoundation.org.