- A one time 5% administrative (overhead) fee (but not less than $5) on a lump sum transfer of assets, as well as on individual alumni contributions will be paid to the DUEF's general fund. For example: A gift of $1,000 will result in a $950 deposit to the CEA and $50 to the DUEF general fund.
- To cover the cost of maintaining the Fund, the DUEF will assess a 1% annualized service fee. The fee will be calculated and withdrawn monthly, based on the previous month-end Fund value.
- This fund will be adjusted monthly, corresponding to what the Foundation's investment portfolio achieves. This includes both income and capital appreciation.
- As a general rule, a significant existing financial asset is defined at $50,000 or greater.
- To allow for easy participation, no restrictions are placed on minimum size of individual gifts or number of gifts accepted. (Note in Policy one that gifts less than $500 will incur a $5 administration fee.)
- Grant requests may be submitted and processed four times a year-January 1, April 1, July 1, and October 1-to the DUEF for consideration.
- Each CEA must have an alumni chapter in good standing designated with oversight responsibilities.
- A written plan must be submitted at the time a CEA is established that outlines the educational objectives/purposes. This plan should include the anticipated short and long-range needs of the Fund.