Donations or Gifts refer to either monetary or in-kind gifts, grants, or
contributions. These donations or gifts provide the necessary funding and
resource support for various activities, projects and programs that advance
the Lasallian educational mission at La Salle Bacolod.
As an institution recognized by the Philippine Council for NGO Certification
(PCNC) and the Philippine Securities and Exchange Commission (SEC),
donations or gifts made to the University of St. La Salle benefit donor/s with
tax breaks. Donations or Gifts may come in the form of:
MONETARY GIFTS are cash gifts, grants, or contributions made to the University by an individual or an organization. Monetary donations can be in the form annual gifts and endowments. Monetary Gifts may be classified as restricted or unrestricted funds
IN-KIND GIFTS are gifts, grants, or contributions made to the University other than cash and in the form of property, and marketable securities such as real estate, works of art, books, vehicles, equipment, furnishings, software and licensing, appreciated securities, clothing and other assets or services
Endowments are substantial single gifts or a series of gifts for a pledge from
an individual or group. Endowments are permanently held in trust and
guarantee the continuing advancement of scholarship, formation, and the
development of capacities and programs in perpetuity. Endowments are
permanently restricted funds for the advancement of the Lasallian
Named endowments are co-mingled with other endowments for investment
purposes, but are accounted for separately.
Endowments are managed with a fiduciary responsibility to the donor/s, and
as such, only the endowment's annual interest income must be used for the
intended purpose. The principal gift of an endowment is never encroached
upon. Additional gifts may be offered to the operating account of an
endowment for immediate use. Donors, who are interested in establishing a
named endowment, may suggest a design for the endowment to match it
with particular interests in view of the mission of the University of St. La Salle.
Memorial Endowments preserve in a most appropriate, endearing,
and lasting form, the legacy of a deceased teacher, loved one, friend,
colleague, or parent. Memorial endowments celebrate the life of the
honoree, and guarantee the remembrance and preservation of his or
her work and contributions in perpetuity.
Honorary Endowments, as a befitting tribute, accord the premiere
recognition, gratitude and acknowledgement to individuals or groups
whose presence, example, and achievements have inspired and
touched the lives of the donor/s. Honorary endowments are instituted
during the lifetime of the honoree.
Professorial Chairs are academic in nature and are named grants in honor of
persons specified by the principal donor/s of the funds or to honor the
memory of persons who were pillars in the history of the institution.
Professorial Chairs support the efforts of the university towards academic
excellence by fostering research, publication, and dissemination.
The Professorial Chairs Program is a commitment to advance the research
agenda of the University, encourage the pursuit for scholarship and
knowledge itself in the various faculties. Professorial Chair endowments
bestow the necessary support that inspire creative, relevant research projects
and provide opportunities for professional studies at the La Salle Bacolod,
Funding of Professorial Chairs come from the interest earnings of permanently
restricted funds or endowment funds set aside for strictly educational
purposes. Friends of the university are invited to add to the principal funds
that support the Professorial Chair of their choice. Memorial or Honorary
endowments may be established at the University of St. La Salle.
Annual Grants are yearly monetary commitments offered to sustain the
Lasallian mission at the University of St. La Salle. The impacts of Annual Gifts
are immediate, meaning the funds are disbursed to the student, faculty or staff
recipients in the fiscal year they are received.
Gifts made annually are generally not invested, and do not earn additional
income. However and depending on the circumstances, the University may
place Annual Gifts in short-term investments. Annual Grant donors may
specify the scholarship and development name and criteria for an Annual
Grant made to La Salle Bacolod.
Annual Scholarship Grant may be used to provide a full or partial
scholarship for poor but deserving students. Annual Grants provide
the financial resources and other forms of support that help to fund
the difference between the true cost of educating a student and what
a student actually pays in tuition and fees.
Annual Development Grant may be used to provide full or partial
personnel development or research funding opportunities for faculty
and staff in view of formation for the mission.
Naming Rights is an enduring Lasallian tradition that bestows on exemplary
Lasallian partners and associates the distinguished honor of being recognized
for contributions to the University of St. La Salle. Naming Rights is granted by
the La Salle Bacolod to ensure that the honoree's legacy is remembered and
held in esteem. The distinction is exclusively accorded with the University of St.
La Salle's exclusive right to name:
External: Buildings or parts of buildings such as wings, hallways, floors, etc.
Internal: Parts of buildings, such as classrooms, theatres, laboratories, etc.
Outdoor: Sports facilities, gardens, courtyards, gates, roads, walkways, etc.
Academic Entities and Sponsorships
Schools, Centers, and Institutes
Programs and Projects Sponsorship
Events and Activities
Prizes and Student Project support
BEQUESTS AND LEGACY GIFTS
Bequests / Legacy are gifts of a monetary sum or property derived from the
estate of a deceased individual through a will given into the permanent
possession of the University of St. La Salle. The income may be used to fund
Prizes, Professorial Chairs, and Scholarships, or as specified in the legacy by
the deceased. In the absence of specifications by the deceased, the President
may endorse recommendations for the approval of the Board of Trustees.
Proportional Bequests are portions of an estate, asset or a percentage of the
net estate. Residuary Bequests are gifts of the remainder of a deceased estate
after specific bequests, debts, taxes and other expenses have been paid. A
residuary bequest may be all of the remainder of any estate, or a percentage of
the remainder. Specific Bequests are defined as gifts of assets made by Will
such as a particular amount of money, a particular parcel of real estate, or
specific books, shares or jewelry. Contingent Bequests are gifts that take place
only if the testator is not survived by certain individuals or if other stated
conditions are not met. A contingent bequest can be either a specific bequest
or a residuary bequest.