What is Crowdfund UC Davis?
Crowdfund UC Davis cohorts take place in October and February each year. Since its debut in February 2020, the program has raised more than $3.7 million from over 16,500 gifts.
The Annual and Special Gifts Program, in cooperation with Advancement Services, reviews applications and provides the Crowdfund UC Davis platform, training, guidance and some publicity — but it’s up to project teams to fuel the marketing and networking that lead to fundraising success.
Is there a minimum gift requirement for Crowdfund UC Davis?
Yes. There is a $5 minimum donation requirement through the Crowdfund UC Davis platform.
Gifts received must be used for the project’s stated purpose(s) and must support UC Davis programs and initiatives. All projects must be non-profit in nature.
Individuals are strictly prohibited from keeping any portion of the funds raised as a profit or compensation.
Funds cannot be redirected to a third-party, external charity or other non-profit. UC Davis cannot act as a “pass-through” entity to provide funding to other charities.
If the project is not fully funded within the allotted period, any monies raised will still be allocated to the project anyway. It's possible the remaining funds can be raised through other means, with the support of UC Davis development officers or UC Davis Give Day. All funds, even without meeting the goal, should be spent to offset the cost of the promoted project or utilized to the group’s best ability for the original intended purpose.
Is my gift tax deductible?
The UC Davis Foundation and The Regents of the University of California — the two gift-receiving arms for UC Davis — are both qualified charities that provide donors with tax benefits to the full extent of the law. Your gift qualifies for a tax-deduction in accordance with IRS regulations, during the calendar year that you make your gift. You will receive a gift receipt for your files. Please consult your tax professional for more information.
How do I handle tax receipts?
UC Davis Advancement Services will provide official tax receipts to the donors who support projects through Crowdfund UC Davis. Project teams are not allowed to modify these receipts, so they will come from UC Davis, rather than the project itself.