Gifts and support from foundations and corporations have led to many positive changes and improvements on the campus of Alice Lloyd College.
Foundations provide an average of 53% of the College’s annual income, with corporations contributing roughly 2%. Through the financial assistance these entities provide, the College has been able to construct, renovate and make annual improvements on its facilities throughout campus to bring them up to a 20-year standard. We are grateful for the confidence our supporters have demonstrated through their giving.
Since the College neither receives nor solicits direct financial support from the local, state or federal governments, and guarantees no out-of-pocket costs for tuition to students from 108 Appalachian counties, the College relies heavily on private gift income.
Gifts from foundations and corporations support ALC in many significant ways. Some of these include:
- helping the College fund scholarships, endowed scholarships, the Student Work Program, capital projects, technological improvements, the Christmas Pretties project, library needs, etc.;
- increasing the College’s endowment;
- making it possible for ALC to cover the cost of tuition for many Appalachian students who have limited financial resources so that they are able to receive a high-quality education at little to no cost to them;
- enabling us to educate students from low-income families for positions of leadership and service to Appalachia;
- generating support from other foundations and corporations by showing that they feel the mission of Alice Lloyd College is a worthy cause
Double Your Gift to Alice Lloyd College!
Yes, it is possible with a corporate matching gift!
Corporations have been involved in the support of higher education for decades. Some certainly make significant gifts to charity and educational programs through social responsibility initiatives, but one of the most popular forms of corporate giving is the Matching Gift.
What is a matching gift?
A Matching Gift Program is considered an employee benefit program. Employees who express their generosity and concern for charity – higher education, in particular – are often given the opportunity to have their donations matched one-for-one, two-for-one, or even three-for-one. Individual firms set their own employee requirements, such as full-time, part-time, retiree, spouse, etc. And, many have a minimum gift amount – typically, $25.00 or $50.00, but it can certainly vary. The application process, too, may vary. For years, the process was simply to request a form from your employer at the human resources office, mail it to the charity along with the donation, and wait for it to be matched. Now, many corporations require online submission. Either way, the employee must follow the directions set forth by his/her company. The gift typically must be made to the charity — Alice Lloyd College, for instance – and, an agent of the charity must verify that the funds were received, prior to the company’s approval of the matching gift.
Why should I look into a corporate matching gift?
A donation to Alice Lloyd College, accompanied by a corporate matching gift application, will double your gift! Possibly more than double it. So, instead of helping one mountain student, you can help two with the same amount of money. You will receive credit for both gifts, because you made it happen.
How do I find out if my company has a matching gift program?
The easiest step is to go online to your company’s website and search for employee benefits and/or matching gift programs. Most likely, all of your questions will be answered there. If you do not have a computer, just call your human resources department and ask if they have the program, and if they can provide a form for you to submit with your donation.
Will I know if my gift is matched?
Yes! Matching Gifts to Alice Lloyd College are receipted promptly, and a letter is issued to the employee donor to acknowledge receipt of the corporate matching gift.
We have a list of corporations with matching gift programs here (downloadable pdf). However, feel free to call Margo Sparkman, (606) 368-6039, and she will do the research for you!
Our President and Vice President will be pleased to discuss our needs in conjunction with your organization’s philanthropic interests. We have guest facilities on campus and invite you to visit us, meet some of our students, and see firsthand the work that is being performed here. Also, the President and Vice President and our field representatives make calls on our donors throughout the United States and would be more than happy to stop by and visit with you whenever they are in your area.
For more information, please contact:
Priscilla Fraley, Director of Foundation & Corporate Giving
Phone: (606) 368-6045