Post by Joaquin on Jul 5, 2016 2:04:10 GMT -5
(Brother Andrew Foster, 6/30/16)
Fundraising:
Can we get updated amounts and the most recent withdrawals from this account? The balance is $4,209.28. On 5/3/16 there was a $50 charge for meeting services at the DUC.
Is there a way that we as the alumni association can get more regular access to this account so that we can monitor donations and the finances of the account? No, we just have to ask them to run reports for us.
Previously we had been told that if raise $50,000 and put that into the account, Emory will grow that money by using the account for the overall university endowment. Is that still correct? Yes. And it grows at 4.5%, so $50,000 would yield $2,500.
* Asking alumni to give is not transactional, so they do not recommend selling things like t-shirts to raise money.
* Events do not provide a good return on investment. But we should keep doing Founders.
* Typically once a graduate hits their 10 year anniversary, Emory will ask for $500. 20 years out, it's $1,000.
* They can help us with the link to the page that will collect the money. They can also do a monthly subscription-style service where a donor's credit card is automatically billed.
* They will typically do 7 - 8 touchpoints, then will annually ask a donor for $25,000 or more. For us, since we are already members of Kappa Sigma and know these brothers personally, we don't have to do 7 - 8 touchpoints. But we should be reaching out during major life events.
* We should spend the money on anything that will enrich an undergraduate brother's experience. When they graduate, they'll remember Kappa Sigma helping them out and will be more likely to give. Examples: Pay for some brothers' dues if they can't afford it. Send some brothers to Conclave. Pay a brother a stipend to help them through an unpaid internship.
Fundraising:
Can we get updated amounts and the most recent withdrawals from this account? The balance is $4,209.28. On 5/3/16 there was a $50 charge for meeting services at the DUC.
Is there a way that we as the alumni association can get more regular access to this account so that we can monitor donations and the finances of the account? No, we just have to ask them to run reports for us.
Previously we had been told that if raise $50,000 and put that into the account, Emory will grow that money by using the account for the overall university endowment. Is that still correct? Yes. And it grows at 4.5%, so $50,000 would yield $2,500.
* Asking alumni to give is not transactional, so they do not recommend selling things like t-shirts to raise money.
* Events do not provide a good return on investment. But we should keep doing Founders.
* Typically once a graduate hits their 10 year anniversary, Emory will ask for $500. 20 years out, it's $1,000.
* They can help us with the link to the page that will collect the money. They can also do a monthly subscription-style service where a donor's credit card is automatically billed.
* They will typically do 7 - 8 touchpoints, then will annually ask a donor for $25,000 or more. For us, since we are already members of Kappa Sigma and know these brothers personally, we don't have to do 7 - 8 touchpoints. But we should be reaching out during major life events.
* We should spend the money on anything that will enrich an undergraduate brother's experience. When they graduate, they'll remember Kappa Sigma helping them out and will be more likely to give. Examples: Pay for some brothers' dues if they can't afford it. Send some brothers to Conclave. Pay a brother a stipend to help them through an unpaid internship.