Planned Giving Services for FAU Foundation

This contract is for Planned Giving Services for the FAU Foundation, including investment, advisory, and administration services for various planned gift vehicles. The contract was awarded to Sun Trust. The university sought proposals from qualified firms to provide these services on an as-needed basis. The contract terms and conditions, including insurance requirements and the need for a Certificate of Non-Segregated Facilities, were outlined in the solicitation documents. Key aspects of the proposal included the firm's experience with charitable gift annuities, professional consulting services, and work with non-profit organizations. • The contract involves providing administrative management of charitable gift annuities and professional consulting services. • The selected vendor must have experience working with non-profit organizations and preferably with university foundations. • The contract includes requirements for insurance coverage, including workers' compensation, comprehensive general liability, and automobile liability insurance. • The vendor is expected to maintain these insurance coverages throughout the contract period and renewal periods. • The university required proposers to agree to the general contract terms, with any variations or supplements clearly stated and disclosed with the initial proposal.