West Virginia Executive Summer 2021 August 2021 | Página 90

Helping Students Soar Through Independent
Fundraising
SPECIAL ADVERTISING SECTION

Fairmont State Foundation

Helping Students Soar Through Independent

Fundraising

The Fairmont State Foundation is the independent fundraising organization supporting Fairmont State University in Marion County , WV . The
foundation ’ s purpose is to identify , establish and cultivate meaningful relationships with alumni and friends of Fairmont State University to advance the needs of the university ’ s students , faculty , research initiatives and academic programs .
Qualifying gifts received by the Fairmont State Foundation are tax deductible due to its status as a 501 ( c )( 3 ) nonprofit organization . The foundation is bound by both state law and foundation policy to ensure the proper stewardship of donations
Contact Information
( 304 ) 534-8786 fsf @ fsufoundation . org 1300 Locust Avenue Fairmont , WV 26554 fsufoundation . org and to honor the wishes of donors by using funds as intended and investing them wisely . Being an independent nonprofit separate from the university means the foundation can also maintain donor privacy . This privacy grants donors the benefit of deciding how and if the details of a gift are publicized .
Donors have considerable control regarding the beneficiaries of their philanthropic contributions . Donations can be directed to a specific university program like the swim team or area of study such as engineering . It is also possible to designate funds based on demographics or geography .
Gifts can be used to establish an endowed scholarship that provides funding in perpetuity or an impact scholarship to address an immediate need . Planned giving is another option that allows donors to enjoy a variety of tax benefits while supporting learning and research at Fairmont State . Planned giving is done through bequests in a will , a charitable gift annuity of cash or property or an IRA charitable rollover .
The average cost of attending Fairmont State as an undergraduate from West Virginia in 2021 - 2022 is just over $ 20,000 . Nearly 90 % of
Fairmont State students rely on some form of financial aid to complete their studies and earn a degree . The generosity of donors supporting Fairmont State University means that students can spend more time focusing on their education and less time working low-paying jobs or worrying about how they will repay loans after graduation .
Private support is the driving force that enables Fairmont State University to maintain forward momentum . Each gift carries with it the power to change a student ’ s life . Gifts to the Fairmont State Foundation are made by donors with charitable intent who have decided to invest in the future of the university and the students it serves .