Glossary

The following glossary provides definitions of key terms associated with giving.

501(c)(3):
Section of the tax code that defines nonprofit, tax-exempt organizations.
Beneficiary:
A recipient of philanthropy.
Bequest:
A simple and versatile form of planned giving; a charitable bequest is made through one’s will.
Chancellor’s Laureates:
An honorary giving society that recognizes donors who have given $1 million or more cumulatively to UC Davis.
Centennial Circle:
UC Davis Chancellor’s Club members who contribute $25,000 or more annually.
Charitable Gift Annuity:
An agreement through which a donor makes a gift to a charitable organization in exchange for a lifetime annuity.
Charitable Lead Trusts:
A planned giving arrangement in which a donor gives assets to a trust, and UC Davis benefits from the income from those assets for a set period of time. After the time has elapsed, the assets are transferred back to the donor or the donor’s family.
Charitable Remainder Trust:
A planned giving arrangement in which donors receive income each year from assets they have given to a trust. The benefiting organization receives the balance in the trust after the donor’s lifetime.
Current-use Fund:
Funds that are fully expended over a short period of time and have an immediate impact.
Davis Chancellor’s Club:
See UC Davis Chancellor’s Club.
Endowed Chairs and Professorships:
Endowments for faculty positions such as chairs and professorships support teaching, research and public service by UC Davis faculty. These endowments are permanently invested and provide annual interest income in perpetuity. Endowed chairs and professorships help the university recruit and retain top faculty and support the advancement and dissemination of knowledge.
Endowed Fund:
Funds that are invested and maintained in perpetuity and have a long-term impact. These funds earn investment income — such as dividends, interest and capital appreciation — and each year a percentage of the annual income is distributed to support the specific purpose designated by the donor. The remaining income is added to the endowment principal to help preserve the purchasing power of the endowment over time.
Freeborn Circle:
UC Davis Chancellor’s Club members who donate $10,000-$24,999 annually.
Gift Designation:
Donors may designate their gift to support a specific college, school, program or area of UC Davis that interests them the most.
Graduate Fellowship:
Fellowships provide financial support to graduate students, allowing them to focus on their studies and finish their degrees on-time.
In-kind contribution:
A gift of tangible property, such as artwork, books, equipment, or supplies.
Matching Gift:
Many employers will match charitable contributions made by their employees; these contributions are known as matching gifts.
Meyer Fellows:
UC Davis Chancellor’s Club members who donate $5,000-$9,999 annually.
Mrak Associates:
UC Davis Chancellor’s Club members who donate $2,500-$4,999 annually.
Naming Gift:
UC Davis properties, programs and facilities can be named in honor of persons or entities that have made significant gifts to enable the teaching, research and public service mission of the university.
Office of University Development:
This office provides services, leadership and strategic guidance to help the university acquire and steward philanthropic support from individuals, foundations and corporations.
Parents Fund:
The Parents Fund recognizes giving by current UC Davis parents to the UC Davis Annual Fund.
Planned Giving:
Planned gifts are arrangements that have specific tax advantages and often include lifetime income to a beneficiary or beneficiaries named by the donor.
Pledge:
Pledges enable donors to promise a gift and make payments over time, for up to five years.
Restricted Gift:
Gifts that are made for a defined purpose, such as a scholarship, fellowship or research area.
Scholarships:
Scholarships provide financial support to students, helping to keep a UC Davis education accessible to all qualified candidates.
Senior Class Challenge:
An annual giving program that continues a tradition of philanthropy among graduating seniors. Funds support student resources like scholarships, fellowships, research, graduation ceremonies, and other programs that enrich student life.
Shields Society:
The Peter J. and Carolee W. Shields Society recognizes donors who have made planned gifts to UC Davis.
Sustaining Member:
UC Davis Chancellor’s Club members who donate $1,000-$2,499 annually.
Telephone Outreach Program:
Student callers reach out to thousands of alumni, parents and friends each year through the Telephone Outreach Program to ask for their support of UC Davis.
The Campaign for UC Davis:
A universitywide initiative to inspire 100,000 donors to contribute $1 billion in philanthropic support to UC Davis by the end of 2014.
UC Davis Annual Fund:
Gifts to the UC Davis Annual Fund from alumni, parents, faculty, staff, students and friends provide flexible funding that advances the university as a whole — through scholarships for students, awards for outstanding faculty, improvements to facilities, and student and community events.
UC Davis Chancellor’s Club:
A giving society that recognizes donors who give $1,000 or more annually to the UC Davis Annual Fund.
UC Davis Foundation:
The UC Davis Foundation is a nonprofit corporation that gratefully accepts philanthropic gifts on behalf of the university. It is recognized as a qualified recipient of tax-deductible charitable contributions. The foundation disburses private gifts according to the wishes of donors and invests and manages gifts to protect and enhance their value. It is governed by a board of trustees made up of volunteers who help promote philanthropy at UC Davis.
UC Davis Health System:
The UC Davis Health System is comprised of the UC Davis Medical Center, the UC Davis School of Medicine, and the Betty Irene Moore School of Nursing.
Unrestricted gift:
Unrestricted gifts provide flexible funds that enable the university to respond to emerging opportunities and invest in high-priority areas for which no other funding source exists.

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