Annual Fund - Q&A
What is the time period?
The 2014 Faculty and Staff Annual Fund campaign begins on August 18, 2014 and ends October 17, 2014.
The Faculty and Staff Annual Fund is an important part of who we are and what we do. All of us work directly or indirectly for the students. Just think of the number of students in our classrooms and on campus who benefit from the scholarship support provided by the Stark State College Foundation. This campaign offers all of us the opportunity to make a financial investment in our students. Your participation in our Faculty Staff Annual Fund will not only provide student scholarship assistance, it will provide an advantage in attracting additional external donations which ultimately supports student completion, retention, as well as recruitment.
What’s the goal?
The ultimate goal is 100% participation! Last year we reached 70% employee participation and raised over $70,000- commendable, but together we can increase both our total participation and total donations. For example, if every employee donated $5.00 a pay for the calendar year, this would equal $130 annually and our internal giving would exceed $136,000 in total annual donations. Every donation is important.
What should I give?
Each person should decide what is right based on individual capability. Whether this is $2.00 a pay or $25.00 a pay, it helps our students and brings us closer to our goal of 100% participation. This is your invitation to make a difference. Please take a moment today to review the enclosed information and take action.
Where does the money go?
Over the past 17 years, the Stark State College Foundation has given over $2 million in scholarship funds to over 7,000 students. During the Fall 2013/Spring 2014 academic year, the Foundation funded over $400,000 for student scholarships, college projects, programs and instructional needs.
What is an endowed scholarship and can I establish one?
An endowed scholarship is a permanent charitable scholarship fund that is invested with a long‑term strategy in order to provide income into perpetuity without invading the principal. A tax-deductible donation of $5,000, payable over five years will establish an endowed scholarship in your name or a loved one’s name. This computes to $39 per pay for five years. Contact Brenda Griffith at Ext. 4415 for more information.
What is a matching gift?
Many companies will match an employee’s or their spouse’s charitable donation. This is a great way to double your donation. You will need to check with the appropriate company to determine if they have such a program and submit that company’s matching gift form along with your donation to the Foundation office.
- Choose to participate in our Faculty and Staff Annual Fund. Your donation is important!
- Complete the Faculty and Staff Annual Fund Pledge Form.
- Return the form to the Advancement Office, S200 no later than October 17, 2014.
- Payroll deductions begin January 9, 2015.
- If you have any questions, please ask your team captain, stop by the Office of Advancement located in S200, or call the Advancement office at 330-494-6170 Ext. 4643.