Question 10

QUESTION #10: OKAY, NOW I SEE THE DANGERS OF DRAWING HEAVILY ON THE ENDOWMENT, BUT RESPONDING WITH ENORMOUS TUITION HIKES IS NOT OUR ONLY ALTERNATIVE. SO TELL ME, WHAT IS THE COLLEGE DOING TO INCREASE INCOME FROM OUR THIRD MAJOR SOURCE, GIFTS AND GRANTS?

The Budget Steering Committee recommended investing in initiatives associated with our heightened fund raising needs. The Office of Alumni Relations and Development is working hard to strengthen the Annual Fund, to raise funds for our highest priorities, and to maintain a healthy and sustainable alumni relations/development operation. The College is allocating more money to this effort at this time, because increasing this revenue source is fundamental to the long-term financial well-being of the College. Thanks to the efforts of the Alumni Relations and Development team, we project a 10% increase this year in unrestricted private gifts and grants over last year, all of which will go, if achieved, directly into the base budget and that helps all of us. Here is more information about alumni giving:

	Alumni giving:
	Giving participation (percent of total dollar value of outright gifts)
From the Grinnell College Fact Book, 2000-01 (page 24)

BACK TO QUESTION #9/ CONTINUE TO QUESTION #11/ HOME PAGE