Our goal in University Development and the Oregon Tech Foundation is to promote Oregon Tech using philanthropic and volunteer resources in the life of the University.
Whether you have questions about ways to stay involved with Oregon Tech, how to give a gift that matters to you, or how your gift is making a difference in the lives of the students, we are happy to help!
What is the difference between Oregon Tech and the Oregon Tech Foundation?
Oregon Institute of Technology (Oregon Tech or OIT) is the university that was founded in 1947. The Oregon Tech Development Foundation (Oregon Tech Foundation), founded in 1969, is a nonprofit organization recognized by the Internal Revenue Service as a 501(c)(3) . Gifts to Oregon Institute of Technology are accepted by the Oregon Tech Foundation, and these gifts may be considered tax deductible to the extent allowable by law.
Who runs the Oregon Tech Foundation?
The Oregon Tech Foundation Board of Directors
includes community and business leaders who have experience in finance, education, real estate, agriculture, medical sciences, and various other fields. Many of these volunteers are also Oregon Tech alumni. The Foundation Board sets policies, reviews investments, establishes fundraising priorities, and consults with the Oregon Tech president. The day-to-day operations are handled by the executive director and professional staff members. Meet the staff here
If you’re a public university, why are you asking for money?
A limited portion of Oregon Tech’s budget is provided by state appropriations. Support from donors enables Oregon Tech to build a great university and maintain an unparalleled level of excellence for students. Your gift is especially important as state support continues to decline. Our students need your help to ensure that Oregon Tech can continue to provide state-of-the art equipment and the high standard of instruction.
Can I meet with someone to discuss a gift?
Yes! Please email us or call 541.885.1130 to learn more today!
What is the difference between a Cash and a Non-Cash Contribution?
Cash Contributions: Are made by cash, check, or credit card. These gifts may be the part of an outright (current) gift or a planned gift.
Non-Cash Contributions: Include securities, real property, and/or personal property. These gifts may be designated or undesignated. In addition, these gifts may be the part of an outright (current) gift or a planned gift. Please contact us if you are considering making a non-cash gift.
Where do I send the check?
Please send checks and cash donations to:
Oregon Tech Foundation
3201 Campus Drive
Klamath Falls, OR 97601
How can my gift help?
Donations from private individuals help support scholarships, new facilities, equipment and buildings, new courses and expanded programs, innovative teaching programs, research, endowed faculty positions and many other areas that advance and support Oregon Tech. Learn more about how your gift can help here.
How do I participate in a matching gift program?
Matching gifts are a great way to increase the impact of your support. If you work for an employer with matching gift benefits, please ask your human resources department for more information on having your gift matched. Learn more about matching gift programs here.
Can I make a gift in honor or memory of someone?
Yes. Memorial and tribute gifts are a meaningful way to recognize special occasions. Oregon Tech offers a way for you to celebrate joyous occasions or memorialize the loss of a loved one. Please contact us for more information on how to make a gift that best honors your loved one.
Is my gift tax deductible?
Yes, to the extent allowable by law. You must claim the gift as an itemized deduction on your tax return. The Oregon Tech Foundation is a nonprofit IRC Sec. 501(c)(3) organization that is structurally separate from Oregon Institute of Technology and exists solely for Oregon Institute of Technology’s benefit, serving as the preferred channel for private gifts to all areas of the University.
Will I get a receipt for tax purposes?
Yes, a letter will be sent to you acknowledging the gift.
What is an endowment?
An endowment at an educational institution is typically a permanent endowment in which the principal is preserved in perpetuity and a percentage of the value is spent on an annual basis for support as designated by the donor.
How do I create an endowment?
Endowments can be created with a one-time gift, installment gifts for up to five years, a planned gift, or created through a bequest or beneficiary designation.
A professional member of our staff can guide you through the various options in creating an endowment and discuss the minimum levels for endowments. Please contact us for more information.
Can I add to an endowment?
Yes, you may continue to add to the principal of an endowment.
What types of programs are endowments created for?
Endowments can be created for almost anything! Examples include scholarships, faculty positions (including department chairs), academic programs, athletics, and the Shaw Historical Library.
May I contribute to an existing endowment?
How much is spent from an endowment each year?
The Oregon Tech Foundation's Investment Policy sets the spending percentage for endowments. Currently the rate is 4% of a sixteen quarter trailing average. The rate used is a reflection of the returns expected on investments, the cost of administering the funds, and the ability to provide growth of the endowment to allow future generations to receive a similar financial benefit of those today.
How much money does it take to create a scholarship endowment?
The minimum amount to create an endowed fund is $10,000.
How are operations of the OTF funded?
Foundation operations are funded through a combination of revenue including a portion of unrestricted gifts, endowment management fees, quasi-endowment established from a planned gift, an administrative/gift fee, and direct support from Oregon Tech.
Why does OTF have an administrative/gift fee?
The OTF is committed to efforts which result in private support to Oregon Tech and a part of funding those efforts comes from a five percent administration/gift fee. Like a large percentage of foundations affiliated with public universities, an administrative/gift fee helps support fundraising efforts and the costs associated with fundraising and administration of gifts.
Does the OTF charge other fees?
Like the vast majority of other foundations, the OTF charges an annual fee to manage endowed funds that are invested in perpetuity. Because we want to maximize our endowment’s growth over time, we keep this annual management fee to a minimum, currently 1% of the market value of the endowment.
Have a question that is not answered here? Just ask! We'd be happy to answer any questions that you may have. Email us or call 541.885.1130.