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Post by Chu Chu on Feb 21, 2024 16:31:30 GMT -5
I participated in this campaign, but I never saw where I could select how to direct my gift.
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Post by Pakachoag Phreek on Feb 21, 2024 18:42:51 GMT -5
I participated in this campaign, but I never saw where I could select how to direct my gift. Chu, For next time, go to: give.holycross.edu/campaigns/2662/donations/new?a=1aOn the right side of the screen, you will see a query: How would you like to designate your gift? Make your selections You will see a rectangular dialogue box saying If not designated your gift will Click on it. The border of the dialogue box will turn blue. A long list of designation boxes appear Scroll down Football (The Gridiron Club) will appear Click on it You will get the opportunity to add another designation Before you make another designation, you should first enter the donation amount for football. I do not know how this works or appears on a smartphone.
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Post by mm67 on Feb 26, 2024 10:30:01 GMT -5
Now we're talking real money. It has been announced that Dr. Ruth Gottesman is making a $1billion donation to the Albert Einstein College of Medicine in the Bronx. The money is earmarked for free tuition. She is Chairman of the Board of Trustees of Einstein. Absolutely breathtaking. I'm sure there are a relatively small group of heavy hitters who could come close to making a similar donation to HC. Maybe make our case to some disaffected Harvard/Yale alums. This would be in addition to the campaign. HC needs to up its finances for it to successfully compete and provide an even better learning experience. Either move forward or slide back. Standing still is not an option. Imagine big!
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xhaav
Sophomore
Posts: 27
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Post by xhaav on Feb 26, 2024 12:14:16 GMT -5
Now we're talking real money. It has been announced that Dr. Ruth Gottesman is making a $1billion donation to the Albert Einstein College of Medicine in the Bronx. The money is earmarked for free tuition. She is Chairman of the Board of Trustees of Einstein. Absolutely breathtaking. I'm sure there are a relatively small group of heavy hitters who could come close to making a similar donation to HC. Maybe make our case to some disaffected Harvard/Yale alums. This would be in addition to the campaign. HC needs to up its finances for it to successfully compete and provide an even better learning experience. Either move forward or slide back. Standing still is not an option. Imagine big! YES THANK YOU. I don’t think folks understand that even a billion dollar campaign is just keeping pace with where we are now. HC needs a game-changing campaign akin to what Colby did with its Dare Northward campaign. Keep in mind Colby is 2/3 the size of HC, and it met and surpassed its initial $750M target for the campaign and has now raised it to $1B. It is that campaign that has facilitated Colby’s dramatic climb in not just rankings (which though flawed do matter) but ability to attract the best and brightest regardless of ability to pay. I wish money didn’t matter this much, but it does. And it’s high time that HC catapulted the unique specialness of its offering to the next level. Yes I am competitive haha, and just want the very best for HC and its mission.
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Post by mm67 on Feb 26, 2024 12:57:48 GMT -5
xhaav, Your post was truly wonderful. Thank you for sharing.
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Post by Pakachoag Phreek on Feb 26, 2024 12:57:55 GMT -5
Now we're talking real money. It has been announced that Dr. Ruth Gottesman is making a $1billion donation to the Albert Einstein College of Medicine in the Bronx. The money is earmarked for free tuition. She is Chairman of the Board of Trustees of Einstein. Absolutely breathtaking. I'm sure there are a relatively small group of heavy hitters who could come close to making a similar donation to HC. Maybe make our case to some disaffected Harvard/Yale alums. This would be in addition to the campaign. HC needs to up its finances for it to successfully compete and provide an even better learning experience. Either move forward or slide back. Standing still is not an option. Imagine big! She is a physician. Her late husband was a financier associated with the Wizard of Omaha.
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Post by newfieguy74 on Feb 26, 2024 18:37:24 GMT -5
I saw on X last week that JMU had a giving day. They had 3,660 donors for 974K. It's not apples to apples as our giving day was 48 hours and JMU's was 24, but I mention it only because our results seem impressive.
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Post by drjack on Feb 26, 2024 20:05:30 GMT -5
I'm always impressed by our giving day numbers especially given our how small our alumni base is.
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Post by mm67 on Feb 26, 2024 20:28:36 GMT -5
HC has extraordinary potential to raise big money. Wonderful!
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Post by lou on Feb 26, 2024 23:41:10 GMT -5
Dr Gottesman, about changing the name of the Medical School: The name, she noted, could not be beat. “We’ve got the gosh darn name — we’ve got Albert Einstein.”
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Post by mm67 on Feb 27, 2024 10:24:39 GMT -5
Is there any scenario for HC to not charge tuition so as to be tuition free for everyone. Does anyone have a few billion lying around?
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Post by KY Crusader 75 on Feb 27, 2024 11:06:53 GMT -5
Is there any scenario for HC to not charge tuition so as to be tuition free for everyone. Does anyone have a few billion lying around? I think it would require approximately another $5BN in endowment $5,000,000,000 X 4.5% of incremental endowment going to scholarships =$225,000,000 per year = $70,000 each for 3,200 students
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Post by mm67 on Feb 27, 2024 12:41:52 GMT -5
5 BN.Wow! Thanks for the scenario.
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Post by Pakachoag Phreek on Feb 28, 2024 7:45:34 GMT -5
It would be less.
In 2023, HC net revenue from tuition and fees was $116 million. (Net revenue from room and board was $40 million.)
$2.5 billion in endowment value at a 4.75% annual distribution would provide an appropriation of $118.7 million, and HC would be tuition and fees free. But most would still pay for room and board
In financial aid, there are often external sources of aid, e.g., Pell grants, which is included in the aid total.
By my calculus, it would take about $275 million in increased endowment value (at a 4.75 percent distribution) to end the current loan component of HC financial aid.
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Post by mm67 on Feb 28, 2024 9:22:01 GMT -5
Is tuition free an achievable goal? Of course room & board would be excluded but financial aid would be provided for those who need it. This would be accompanied with a return to SAT?ACT as one factor in the admissions process. Expenses would need strict oversight & control. Overall are athletics a net positive or negative for the school budget? I realize it's difficult to ascertain given increased alum giving due to sports competition. Heard a late HC Pres state the obvious "It's easier to raise money when the football team is 10-0." Would tuition free alums be more likely to donate as a give back to HC for the fine tuition free education they received at HC? Will HC continue to be the shining"city" on the hill?
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Post by timholycross on Feb 28, 2024 11:05:13 GMT -5
Is tuition free an achievable goal? Of course room & board would be excluded but financial aid would be provided for those who need it. This would be accompanied with a return to SAT?ACT as one factor in the admissions process. Expenses would need strict oversight & control. Overall are athletics a net positive or negative for the school budget? I realize it's difficult to ascertain given increased alum giving due to sports competition. Heard a late HC Pres state the obvious "It's easier to raise money when the football team is 10-0." Would tuition free alums be more likely to donate as a give back to HC for the fine tuition free education they received at HC? Will HC continue to be the shining"city" on the hill? Matching the aid offered to the aid offered 40 miles east of HC would be perfectly fine. In fact, wouldn't it at that point make it more to HC's athletic advantage to go "need based"? No one of average means is paying very much there.
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Post by longsuffering on Feb 28, 2024 11:31:32 GMT -5
Is tuition free an achievable goal? Of course room & board would be excluded but financial aid would be provided for those who need it. This would be accompanied with a return to SAT?ACT as one factor in the admissions process. Expenses would need strict oversight & control. Overall are athletics a net positive or negative for the school budget? I realize it's difficult to ascertain given increased alum giving due to sports competition. Heard a late HC Pres state the obvious "It's easier to raise money when the football team is 10-0." Would tuition free alums be more likely to donate as a give back to HC for the fine tuition free education they received at HC? Will HC continue to be the shining"city" on the hill? There probably are stats about whether full scholarship (academic, need-based, specific endowed scholarship like the Organ scholarship at HC, or athletic) students give more or less as alums. I guess less because you are one step further away from understanding the true cost of something if you haven't participated in actually paying for it. I may be wrong because full schollie grads may make more because the academic, athletic and endowed scholarship recipients earned their schollie over others so they are winners at age 17 and may just continue succeeding after graduation. Interesting question.
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Post by Pakachoag Phreek on Feb 28, 2024 11:43:36 GMT -5
Is tuition free an achievable goal? Of course room & board would be excluded but financial aid would be provided for those who need it. This would be accompanied with a return to SAT?ACT as one factor in the admissions process. Expenses would need strict oversight & control. Overall are athletics a net positive or negative for the school budget? I realize it's difficult to ascertain given increased alum giving due to sports competition. Heard a late HC Pres state the obvious "It's easier to raise money when the football team is 10-0." Would tuition free alums be more likely to donate as a give back to HC for the fine tuition free education they received at HC? Will HC continue to be the shining"city" on the hill? If one goes tuition-free for all, then the endowment has reached a financial state that alums may ask, 'Why do I need to give?' The richest of universities have not gone tuition free. What they have done is increase financial aid (including room and board) to very generous levels for many. Harvard for example, has increased aid to the point that an applicant with a family income of $150,000 will pay no more than 10 percent of the cost of attendance. (<<From memory.) And what these colleges also are increasingly doing is awarding fellowships and study grants over the summer for travel, research, internships, so that the student on financial aid does not need to work at a Wal-Mart for the family income contribution.
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Post by newfieguy74 on Feb 28, 2024 12:28:25 GMT -5
This is an interesting conversation. My view is let's get to 2 billion and then revisit the conversation.
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Post by WCHC Sports on Feb 28, 2024 13:18:39 GMT -5
Old business adage: never do for free anything you're good at.
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