CASE All Districts Online 2023-Gift Fund Compliance- Tackling Underutilized Funds

Video Transcription

Video Summary

The video is a presentation entitled "Gift Compliance: Tackling Underutilized Funds" by Saskia and Shannon. The presenters work at the University of Colorado Foundation and have been in the gift compliance department for around eight years. They discuss how they identified and addressed the issue of underutilized funds at their institution. They explain that underutilized funds are stagnant funds that are not being spent according to donor intent or in a timely manner. The presenters emphasize the importance of transparency, technology, training, and staff in tackling this issue. They describe how they built a search platform and developed reports to provide greater transparency to fund managers and facilitate better spending decisions. They highlight the positive outcomes of their efforts, including improved communication, increased trust from donors, and a more collaborative environment. The presenters also provide insights into their ongoing audit work and the importance of standardized policies and procedures. They encourage the audience to prioritize compliance and build relationships to address underutilized funds effectively.

Asset Caption

CASE Career Levels: 1-6
CASE Competencies: Business and Financial Acumen, Industry/Sector Expertise

Keywords

Gift Compliance

Underutilized Funds

Transparency

Technology

Training

Search Platform

Communication

Compliance