Effective July 1, 2017, the gift assessment fee on non-endowed gifts increased from 5% to 7% in response to an increasing demand for additional resources across fundraising units on campus. The guidelines established in 2010 as to the types of gifts assessed and/or exempted from the one-time gift assessment fee will remain intact. Similarly, the 2010 guidelines also remain unchanged as it pertains to which endowed funds are assessed. A memo from Vice Chancellor Brian Sischo explains the background behind the change. You may also view the Frequently Asked Questions document for additional information.
To compute the new gift fee, divide your “target” gift number by 93%. For example, a gift of $1,000.00 divided by .93 = $1,075.27 - round up to $1,076.00.
Also, on July 1, 2016 changes were made to online giving, which resulted in a 3% fee for gifts via online giving (credit cards). The NC Agricultural Foundation and NC Tobacco Foundation have covered those fees for departments and will continue to do so.