Maybe no other college in America provides the kind of financial assistance that Alice Lloyd College does. Deserving students from our service area, which covers 108 counties in Central Appalachia, attend Alice Lloyd with no out-of-pocket costs for tuition.
The ALC Endowment — invested funds from which only the earnings are spent — is critical in meeting the guarantee we make to our students. As a private, non-profit, educational institution, every dollar given is extremely important and very much appreciated. Our endowment only covers 13% of our annual operating expenses. Alice Lloyd College must raise $2.1 million per year, in addition to endowment earnings, to meet the current operational budget. Each year, $1.9 million is required to fulfill the scholarship needs of our Appalachian students.
You may like to know that 89.4% of our annual budget goes directly toward providing educational opportunities to our students. Less than 11% is used for administration costs, which includes 7% used for fundraising purposes.
One of the major priorities at Alice Lloyd College is to increase our endowment to ensure that future students have opportunities to obtain a high-quality education at a low cost. The young men and women of Appalachia deserve that chance.
You can help us give the gift of a priceless education to promising Appalachian students by making your contribution to the ALC Endowment Fund today!
Questions? Comments? Please contact:
Margo Sparkman, Director of Development
Phone: (606) 368-6039