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Fundraising
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| Colleges depend on fundraising to operate; tuition does not begin to cover operating expenses. In addition to the amount of funds raised, the percentage of class giving is an important factor. Colleges need to attract business and foundation donations because they are generally of an amount that few individuals can match. In deciding where to spend their money, businesses and foundations look at how many alums give to their alma mater. This percentage of support says a great deal about a college and how it builds and retains the loyalty of its graduates. The story is no different for Chestnut Hill. We as alumnae may receive several requests through the year to give and often it is confusing. If I give at the beginning of the year, why am I being asked again? The following is an attempt to explain the various types of fundraising done by the College. Specifics on how to give to any or all can be found in the College Annual Report, on the College's Website or contact Catherine Quinn, Director of Development, for more information. In 2006 the Class of 67 started a fund with the objective of funding a scholarship for our 40th Reunion in 2007. By the time of the reunion, the fund had grown to $20,000. The College agreed to set up the Class of 1967 Scholarship as an endowed scholarship, so the principal will be invested and beginning in 2008, a scholarship will be awarded to a deserving student. The criteria for awarding the scholarship was developed by a small committee of classmates. The best news about an endowed scholarship is that the principal can grow with additional donations, so if you would like to continue to contribute, send your contributions with clear markings that it is for the Class of 67 Scholarship Fund to:
The Griffin Fund drive raises funds for College operating costs. Tuition covers only 60-70 percent of the costs of educating a CHC student for one year. The Griffin Fund is in full swing and we have all received at least one letter for the annual appeal. The money goes toward the following:
Reunion Giving Fund is used to fund special programs designated by the college or the reunion classes. Only classes having a reunion that year are targeted for this appeal. Capital Gifts Drive is used to raise funds to support a Strategic Master Plan initiative. The current drive (Phase II) is raising funds for a new Student Center as well as residence hall renovations. The Phase I drive was used to fund construction of Martino Hall. There now is an initiative going for funding Sugarloaf. College Endowment is an invested fund and only the income is used. The sources of the endowment include major gifts and bequests. Endowments can be made for: scholarships, lecture series, and other specially designated programs. The Class of 1967 Scholarship is an endowment. Remember that all contributions to Chestnut Hill College are tax deductible as allowed by law..
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