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Tuition Runs Out Day, part three: gifts of any size make a difference

April 3, 2014

Did you know? Beloit College has 17,000 living alumni, and a third of them give to Beloit each year. That’s 5,200 alumni that just last year gave $3 million.

Gifts of any size make a difference. Those gifts ranged from $5 to six-figure gifts, depending on what each alumnus could afford. Their generosity keeps Beloit operating when tuition money runs out. In addition to grants and gifts from parents and other non-alumni donors, alumni support covers the other 14 percent of the college’s annual budget.

Paying it forward. So, it is fair to say that a large portion of the scholarships and financial aid students receive each year is paid for by alumni. Most of these grateful alumni received scholarships when they were students, which enabled them to attend Beloit and benefit from a great education. Now, they pay it forward every year to support current Beloiters, like many of you reading this. And, you’ve seen those ‘Brought to you by Beloiters’ signs around campus, right? A good deal of funding for campus renovations comes from alumni, parents, and friends of the college, too. The next time you meet an alumnus/a, thank them for helping to make your education and the place where your education takes place possible.

BTYB Tuition Runs Out Day Committee