We have a donor who is in the process of funding an academic chair through
his private foundation.  He is signing an irrevocable agreement with the
university that guarantees a minimum annual income of $75,000 towards
funding the chair.  If we were setting up this account in the university's
foundation, it would take a $1.5M donation to produce that income.  How do
we value the gift and how would we enter it in our database for reporting
purposes?


Mona A. Halvorsen
Director of Advancement Services
Lamar University, Beaumont TX
409-839-2984
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