scholarships & fundraising
DESCRIPTION
Scholarships & Fundraising Amber D. Krieg Director of Development Alumni Association Programs Samuel M. Bernstine, Shenango Campus Society Board Partner and Practice Manager Kepner-Tregoe , Inc. Alumni Leadership Connections Conference June 10-12, 2011. Scholarships & Fundraising. - PowerPoint PPT PresentationTRANSCRIPT
Scholarships & Fundraising
Amber D. KriegDirector of Development Alumni Association Programs
Samuel M. Bernstine, Shenango Campus Society BoardPartner and Practice Manager Kepner-Tregoe, Inc.
Alumni Leadership Connections ConferenceJune 10-12, 2011
Scholarships & Fundraising
1. Campaign update2. Importance of scholarship
support3. Creating scholarships4. The impact of alumni group
scholarships
For the Future Overall GoalTime Elapsed: 58.7%
Current: $1.3
To Go: $.7
$2 billion goal
as of 6/01/11
67% Achieve
d
Private Student Support(Since January 2007)
Donors have created guidelines for:• 484 new student-related endowments
• 68 new annually funded accounts
Penn State now has:• 3,829 active student endowments• Generated an income of $22.3 million in
2009/2010
Why is scholarships support important?
Did you know that in 2009-2010…• 76 percent of all students at the
University received some form of financial aid?
• the average loan debt for graduating undergraduate students was $31,133?
• 11,710 Penn State students received endowed or annually funded scholarships from donor funds?
Did you know… (continued)• University Scholarships averaged $3,089?• the total amount of University Scholarships
awarded was $34,354,307?• the number of low-income students was 10,546?• the number of first-generation students was
22,247?• the number of financial aid recipients with unmet
needs was 33,250?• the average unmet need per student was $6,308?• the total unmet need was $271,131,572?
Types of Student Support
Named Scholarships– Alumni Association Volunteer– Trustee Scholarship– Renaissance Fund– Annually Funded
Other– Award– Program Support
The Process
1. Contact Amber Krieg ([email protected] or 814-865-5742)
2. Work collaboratively to identify the gift vehicle that works best for your group
3. Establish a fundraising strategy4. Establish guidelines5. Secure pledges and gifts6. Work with Student Aid to award
scholarship when fund is endowed
Considerations
• Strong, consistent group leadership?
• Group support of initiative?• “Who” do you want to support?• Preferences—county, major, etc?• Need-based and/or merit-based?• What level of involvement does
the group want?
Fundraising strategies
• Events• Mail appeal• Chapter
newsletter/correspondence• Annual Fund gift designation• Electronic Fund Transfer (EFT)• Matching Gifts
How do groups raise funds?
Golf tournamentsGreater Fort Lauderdale Chapter
Special EventsChicago Chapter
Pennsylvania Dutch DinnerOrange County Chapter
Student Bus ServiceConnecticut Valley Chapter
RafflesGreater Susquehanna Valley
Chapter
Silent AuctionGreater Pittsburgh Chapter
C. Gaus
Portion of yearly dues towards scholarship
Triangle, NC Chapter
Just ask!Target specific individuals
for ‘leadership gifts’
Penn State Alumni AssociationAffiliate Group Scholarship Endowments FY 200995 Affiliate Groups:
58 Chapters: $2,414,700 11 Alumni Interest Groups: $768,400 14 College Societies: $1,371,800 12 Campus Societies: $482,000
Combined Endowment (Book Value):
$5,037,000
Penn State Alumni AssociationAffiliate Group Scholarship Endowments FY 201098 Affiliate Groups:
61 Chapters: $2,755,950 11 Alumni Interest Groups: $824,220 14 College Societies: $1,434,559 12 Campus Societies: $528,306
Combined Endowment (Book Value):
$5,543,036
Chart of Progress
Book Values
2009 2010 2011 TD
Chapters $2,414,700 $2,755,950 $2,943,648
AIG’s $768,400 $824,220 $943,995
College Societies
$1,371,800 $1,434,559 $1,514,368
Campus Societies
$482,000 $528,306 $672,235
Totals $5,037,000
$5,543,036
$6,074,227
Questions and comments…