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Tuition Runs Out Day: Giving rates attract grant monies

March 25, 2013 at 10:01 pm

Fact #5: Foundations, like the one that awarded the grant to renovate WAC, look at the percentage of alumni who make a gift to Beloit each year as an indicator of alumni satisfaction with a Beloit education.

Are you enjoying the recent renovations to WAC? North and South lounges were restored to beautiful gathering spaces with historic charm and modern technology, and those improvements were funded by a grant from the Arthur Vining Davis Foundation. U.S. News and World Report isn’t the only organization that wants to know about the percentage of alumni making a gift to Beloit each year; the Arthur Vining Davis Foundation wanted to know about the alumni participation rate before they gave Beloit that grant. And you are benefiting from it.

Why do foundations like this care about the participation rate? They view it as an indicator of alumni satisfaction with a Beloit education. They don’t have the time or means to survey Beloit’s alumni to see what they think. So, they look at giving back as an indicator. Their logic is that if alumni felt they received a good education and want future students to receive the same, they should give back to their alma mater. And again, gifts of any size count. So not only can a $5 gift to Beloit help boost the rankings, it can help secure a $250,000 grant for a major campus improvement. Now that’s a smart investment! Consider investing in Beloit when you graduate. Start with your senior class gift; and remember, even a small gift can pay it forward for the next generation of Beloiters.

This article is part of an informational series related to Tuition Runs Out Day. Tomorrow, Tuition Runs Out! Keep an eye out in Commons and DK’s and check back here for more information.