Timeline Conversion

Current Policy

According to the current policy, the Bear Foundation membership year runs from June 1 through May 31, with the payment deadline of May 31 coming at the END of the membership year. This collection policy has allowed donors to receive benefits all year long, including priority placement for football and basketball seat selection, based upon only their PLEDGE and without having to make any payment on the commitment. The existing timeline also essentially requires an early giving deadline for football season ticket holders and, at times, requires members to make Bear Foundation payments and season tickets payments simultaneously. Members have asked for more clear deadlines and a simpler process. The Bear Foundation has answered!

 

What are the Benefits?

The new giving calendar provides many benefits to donors:

  • Donors may complete all payments in the same calendar year, even on a 12-month plan.
  • Separates payment deadlines for Bear Foundation and season tickets for football, basketball and other sports, putting less financial strain on donors at specific points in the year.
  • New final payment deadline of December 31 is easier to remember – a frequent request from Bear Foundation members in recent years.

For most members, these changes will have minimal impact. However, if you usually pay in the second-half of the membership year, now is the time to begin adjusting payment plans. Options for donors include merging remaining payments on 2018-19 and anticipated payments for 2019-20 into one automated plan which can be spread out from now until Dec. 31, 2019. Or, donors can have two separate plans running simultaneously if preferred. The Bear Foundation team is ready to assist you with any questions and walk you through your options. We are confident the new calendar will make giving annually an easier and better experience for donors.

June 1, 2018
2018-19 Year Began
May 31, 2019
Deadline to complete full payment on 2018-19 commitments
June 1, 2019
2019-20 Year Begins
December 31, 2019
New Bear Foundation membership giving year deadline - all 2019-20 BBF commitments due in full
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