The success of USU Eastern and its students is a shared commitment embraced by local businesses and community members. With a desire to foster student growth on campus and enhance campus and community involvement, the Friends of Eastern program was launched. Donations received through this initiative will play a crucial role in bolstering recruitment and retention efforts at USU Eastern. For every dollar raised, 75% of the contributions will be utilized within the academic year to support immediate needs, while the remaining 25% will be earmarked to establish an endowment. This endowment is designed to sustain ongoing recruitment and retention initiatives, ensuring the enduring success of USU Eastern in perpetuity. Any surplus funds from the 75% allocation at the conclusion of the aid year will be reallocated to build the endowment, further solidifying our commitment to USU Eastern.
Recruitment and retention efforts include but aren’t limited to:
- Pay to charter a bus or busses to bring students to campus.
- Financial aid for students who, lacking assistance, would otherwise be compelled to discontinue their education.
How to Give
Friends of Eastern Program
Online:
Credit, Debit, PayPal, Venmo or Bank Transfer
Mail:
Utah State University
Friends of Eastern Program
1590 Old Main Hill
Logan, UT 84322-1590
Make checks payable to "Utah State University."
Phone:
1-888-653-6246
Stock or Wire Transfer:
Contact USU Gift Processing at 435-797-1320 or advgifts@usu.edu for instructions.
Matching Gift:
Double your USU Impact with a matching gift from your company!
- Your gift will be used only for the above-stated purpose if the required minimum endowment level of $25,000 is met by December 31, 2028. If not met, the gift will be considered expendable towards the stated purpose.
- The Endowment will exist in perpetuity. If circumstances arise that render the stated purpose of the Endowment (as set forth herein) illegal, impractical, impossible, or wasteful (e.g., a change in law, the elimination of a USU program, position, or course of study, the persistent unavailability of scholarship recipients that meet the criteria, etc.); then, as set forth in this Solicitation, under such circumstances and in keeping with Utah Code 51-8-501(1), USU may designate a new purpose for the Endowment. Any such new purpose shall be defined by USU’s President and Associate Vice President for USU Eastern.
- The Endowment will be invested under the direction of the University Public Treasurer. Oversight and advisement of investments will be provided by the USU Investment Advisory Committee in accordance with USU’s investment policy. The USU Foundation is the legal entity designated by USU to receive charitable gifts in support of its academic mission.
- Distributions from the Endowment shall be governed by USU’s Endowment Spending Policy. The spending policy calls for an annual distribution up to 5% (currently set at 4%) of the value of the endowment account to be expended per the gift agreement. An additional 1.5% of the endowment value shall be used to fund the administration of the endowment and USU advancement efforts. All additional gains shall be retained as appreciation and invested along with the corpus to grow the value of the Endowment over time.
- By letter dated May 21, 2008, the Internal Revenue Service has declared the USU Foundation (federal tax identification number 87-0627128), to be a duly qualified charitable organization under section 501(c)(3) and also an organization described in sections 509(a)(1) and 170(b)(1)(A)(iv) of the Internal Revenue Code. The Foundation is a duly chartered active Utah nonprofit corporation, under the provision of Utah Code, Title 16, Chapter 6a.