|
|
Post by pmm7 on Feb 9, 2005 19:36:05 GMT -5
In light of the escalating costs of attending Georgetown and the miserable state of our Endowment, a fellow alumnus and I have decided to try to raise funds for a scholarship. I was hoping that I could solicit some suggestions as to what the best way to raise the funds would be. So far we have come up with the obvious ones such as asking fellow students who graduated with us, asking co-workers at our firm who attended Georgetown and, obviously, making contributions ourselves. If anyone could offer suggestions as to any other methods, it would be very appreciated.
|
|
DFW HOYA
Platinum Hoya (over 5000 posts)
Posts: 5,749
|
Post by DFW HOYA on Feb 9, 2005 21:31:29 GMT -5
There are a lot of questions but if it's a group effort it may be worth contacting Georgetown first to see if you can a) contribute to an existing fund, b) create a new fund, or c) create a new scholarship (current use or endowed) with specific criteria (generally reserved for major gifts).
|
|
Nevada Hoya
Blue & Gray (over 10,000 posts)
Posts: 18,429
|
Post by Nevada Hoya on Feb 9, 2005 22:25:06 GMT -5
Our GU Club tried to make a similar effort to get some scholarship money to a student from Nevada, whose scholie money went south with the company financing it. Since I was president at the time, I arranged for a notice in the newsletter about the plight of this student at Georgetown. Not being versed in fund raising or high finance, I failed miserable, as my wife and I were the only ones to contribute. I even had one alumnus tell me that since he worked his way through GU (about 40 years ago), he thought this student could do the same. Trouble was she already had a job on campus, but the scholie would have helped her family. One of her brothers ended up dropping out of school and helping with the tuition.
|
|
tgo
Silver Hoya (over 500 posts)
Posts: 799
|
Post by tgo on Feb 10, 2005 10:42:07 GMT -5
an alumni club can get an endowed scholarship but the bar i think is 100,000 raised before the University will endow it and then they have control over who gets it with preference going to your area if there is someone who qualifies in your area. My alumni club recently did fund raising to pass the threshhold and will soon have our own endowed scholarship, plus we will continue to raise money each year through events and give out a seperate scholarship to the people of our choosing.
Talk to your alumni club and see if they are interested in pursuing the same thing.
good luck
|
|
Jack
Diamond Hoya (over 2500 posts)
Posts: 3,411
|
Post by Jack on Feb 10, 2005 12:43:27 GMT -5
pmm7- I like the way you are thinking. One idea to consider is the recently launched Georgetown Scholarship Program which is designed to fully fund the financial aid packages that currently are such a drain on the operating budget of the university. The program is based on annual giving and seeks 5 year pledges of $15,000/year from individuals or groups of up to 5 alumni. That amount is equivalent to the average grant and will go toward funding a particular student for four years. Part of the funds will also go toward improving financial aid packages and decreasing or eliminating the loans currently required in most student's financial aid packages.
Right now we may have as many as 50 students in the next class who will be funded by this program and the ambitious goal is to eventually buy out the entire $30 million plus that annually comes out of operating funds to financial aid through philanthropy. Georgetown's commitment to need-blind admissions and meeting full need is expensive, but it is also vital if we hope to compete with the best universities in the country to get the best students. It is also vital in maintaining our commitment to educating the future leaders of the world regardless of their financial situations. If you are interested in this program send me a private message or contact OAUR and ask to learn more about the Georgetown Scholarship Program.
|
|
