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  1. No need to set up a local 501 (c) 3
  2. Funds professionally invested and managed
  3. Local alumni and committee recommends use of funds
  4. Established gift acceptance policies
  5. All tax filings done by Foundation
  6. Proper acknowledgement and stewardship of all gifts
  7. Ability to accept various forms of gifts, including appreciated property and planned giving vehicles
  8. Yearly audit performed by Certified Public Accountant
  9. Giving history and pledges maintained for each donor
  10. Long term strategy options