Annual giving is just that: gifts to the college that are made annually and spent within one fiscal year. St. Olaf College's fiscal year runs June 1- May 31.
Gifts to the annual fund are unrestricted, meaning that they are used where the need is greatest. They are used to meet a wide variety of vital needs including financial aid, library resources, faculty salaries and student-faculty research.
What are examples of what Partners gifts help fund?
- Library books
- Campus signage
- Musical instruments
- Athletic equiptment
- Financial aid and scholarships
Why does every gift matter?
In 2008 half of all Partners gifts were $100 or less, but each contributed to the annual fund's grand total of $3.9 million.
All gifts to Partners in Annual Giving - regardless of size - are a statement of support for the St. Olaf mission and the continued financial health of the college. Each gift enhances the St. Olaf experience and sets a foundation for students to lead grace-filled, values-driven lives.
Why does the percentage of alumni giving matter?
Participation in the annual fund is a strong indication of alumni satisfaction. Your gift says to current Oles and other constituencies that you value your St. Olaf experience and believe in its mission to educate students to live lives of worth and service.
How are gifts to Partners used?
For every dollar received:
$.44 Instruction, international studies scholarships.
$.22 Financial aid; academic scholarships.
$.15 Institutional overhead, maintenance.
$.11 Academic support; libraries; computer labs.
$.08 Augmenting student life.
