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
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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
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Scholarships & Fundraising
1. Campaign update2. Importance of scholarship
support3. Creating scholarships4. The impact of alumni group
scholarships
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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
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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
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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?
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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?
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Types of Student Support
Named Scholarships– Alumni Association Volunteer– Trustee Scholarship– Renaissance Fund– Annually Funded
Other– Award– Program Support
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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
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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?
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Fundraising strategies
• Events• Mail appeal• Chapter
newsletter/correspondence• Annual Fund gift designation• Electronic Fund Transfer (EFT)• Matching Gifts
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How do groups raise funds?
Golf tournamentsGreater Fort Lauderdale Chapter
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Special EventsChicago Chapter
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Pennsylvania Dutch DinnerOrange County Chapter
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Student Bus ServiceConnecticut Valley Chapter
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RafflesGreater Susquehanna Valley
Chapter
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Silent AuctionGreater Pittsburgh Chapter
C. Gaus
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Portion of yearly dues towards scholarship
Triangle, NC Chapter
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Just ask!Target specific individuals
for ‘leadership gifts’
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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
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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
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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
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Questions and comments…