Gifts of $10,000 - $25,000 that are received without any indication of what purpose the funds should be used, will be placed into an endowment in the name of the donor(s), with the provision that the earnings should be unrestricted and for the use and benefit of the Fredonia College Foundation. Gifts without any indication of what purpose the funds should be used that are less than $10,000 shall be added to the Foundation fund balance. The use of gifts in excess of $25,000, without any indication of what purpose the funds should be used, will be determined by the Finance Committee of the Fredonia College Foundation. |