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See the full schedule of #MakingEquityRealatBC events occurring May 2-6.

Second Annual Giving Day a Great Success

The Beloit College community is generous and showed its heart and soul during its second annual Giving Day on Wednesday, April 20, 2016. In just 24 hours, the college raised over $65,000 from more than 450 supporters.

Not only did the gifts far surpass the original goal of $25,000, the event also raised $25,000 more than last year. Beloit is touched by the fantastic response received from supporters and is grateful to be backed by such a strong foundation of alumni, parents, faculty, staff, and friends. These gifts help make ‪#‎BeloitPossible for the next generation of Turtles, Bucs, and Beloiters.

The unconditional support, enthusiastically offered by our alumni, parents, and friends is a tribute to the character of our community, and the value that we all collectively recognize in the mission we seek to advance. We at Beloit are privileged to have a community so willing to invest in the future of our great institution, and our students. For this, we are grateful,” said Mark Wold’95, Senior Director of Alumni & Parent Relations and Annual Support.

Thank you to all who supported Beloit College’s second annual Giving Day. As College President Scott Bierman often says, it’s “turtles all the way down.”

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College fleet vehicles updated, at lower cost: here’s how

December 3, 2013 at 7:45 am

Starting this week, you may see some new, official Beloit College wheels on campus, updating the college’s fleet of seven passenger vans.

The college’s Business Services Director Jeff Finger spoke to the Terrarium about how a new system for replacing fleet vehicles--leasing instead of buying--also doubles as a cost-saving measure.

Terrarium: Why has the college decided to lease vehicles as they need to be replaced, rather than buying them?

Jeff Finger: There are a number of reasons why leasing makes more sense for the college than buying. When buying vehicles, we would use them until they were no longer useful and then have to come up with a large amount of capital to buy replacements. Due to budget needs, vehicle availability, and other cost issues at the time we needed to replace vans, this often caused us to hold vehicles in the fleet for longer than we would have wanted, often accumulating mileage well into the 130,000-plus mile range. This resulted in less reliability and higher repair costs and left us with vehicles that were not as nice as we would like them to be for our users.  

With large commercial fleet vendors now actively coming into the higher education market, we find we can now economically lease vehicles and replace them with less than 100,000 miles, so no one has to drive a high mileage fleet vehicle. On an annual basis, the cost of leasing is less than what we would have to spend to buy new vans and solves the problem and expense of trying to properly maintain an aging fleet. Fleet users will get to use vehicles that are in much nicer shape and the college will no longer have to find the huge capital funds needed to buy new vans.

Terrarium: When will people on campus start to see this change?

JF: The first three vans arrive this week, which will update all the current high mileage vehicles.

Terrarium: Will the college eventually switch over to an entirely leased fleet?

JF: Yes, there is a long-term plan which will eventually result in all the fleet vehicles being leased and turned over on a rotating basis.

Also, these leases, obtained through a commercial leasing firm, are not the same as a regular lease that you may get on your personal car. These are “open ended” leases, which do not incur penalties for exceeding a (often very low) mileage limitation.

This type of lease agreement is perfect for a fleet operation, since you don’t have to watch the mileage on each individual vehicle to insure it does not exceed its limit. That said, each vehicle will be replaced every four years, which should see mileages peak at about 100,000 miles. This plan will result in a much newer fleet at less cost!