Unrestricted Funds

The Power of Unrestricted Giving

Ninety-seven percent of gifts received by the Health System are restricted, which means they're designated for specific needs like a scholarship, research project, buildings or programs that fit the personal goals and values of the donor. This kind of support is extremely valuable and essential to our missions.

But UVA also needs unrestricted funding.

Unrestricted funds allow the deans of the School of Medicine and School of Nursing and the CEO of the Medical Center to meet new challenges as they come up and plan strategically for the future.

Gift Assessments

In order to meet this growing need, we have a gift assessment policy. UVA Health System and its affiliated foundations apply an administrative fee to all restricted gifts and pledge payments to support Health System operations. The fee is currently 5%.

Examples of possible uses include:

  • Funding for innovative teaching projects and budding research initiatives
  • Financial aid for students
  • Bridge funding for programs hurt by declining in federal funds
  • Start-up packages for new recruits and retention packages for stars being recruited away to other institutions

Funds go to the unit receiving the original gift. For example, if you make a gift to a department or center within the School of Medicine, the gift assessment goes to the School of Medicine.

What Gifts Aren't Assessed?

  • Unrestricted annual fund gifts to the Schools of Medicine and Nursing and to UVA Medical Center
  • Payments on pledges booked before March 1, 2009
  • Gifts made to endowed accounts established before March 1, 2009
  • Gifts-in-kind
  • Gifts of life insurance

Planned Gifts

We ask you to include assessment language in your planned gift agreement. This gives us the ability to respond to emerging opportunities and challenges with flexibility and innovation. See these suggested wordings for bequests (PDF).

Assessments at Other Schools and Institutions

This type of assessment is a common practice at academic medical centers, universities and other nonprofits in Virginia and across the country. The size of assessments ranges from 5 to 20 percent.