FUND RAISING REVIEW

As the 1997-'98 fiscal year draws to an end, we're hopeful of reaching fund raising goals and surpassing last year's totals. Melinda Carmack, Director of Development, notes, "It is especially gratifying to see a trend of growing numbers of alumni donors. The number of donors during 1996-'97 was about 5% of our world-wide mailing list of almost 23,000 alumni. In the coming years, we hope to include many more alumni in our base of supporters in order to keep pace with the increasing funding needs of our beautiful but aging building."

Thanks to the generosity of I-House alumni and friends, over $592,000 was raised during the 1996-'97 fiscal year which ended June 30. Goals for both our Annual Fund and Restricted Funds were met.

The Annual Fund reached the highest level ever, surpassing $243,000. Through the Annual Fund, contributions are put to work throughout the House, wherever the need is greatest, to fund three basic challenges.

Repairs and renovations on our historic buildings. With occupancy levels at capacity year-round in a building that is 68 years old, the wear and tear is substantial.

Offering intellectual, cultural and social programs. Programs such as Sunday Suppers, language tables, orientation retreats, cultural festivals and other programs are a meaningful component of the I-House experience.

Keeping fees reasonable. To attract a community of residents that reflects a diversity of cultures as well as varied economic backgrounds, fees are kept at an affordable level. Room and board assistance is available to those with real financial need. In addition to the Annual Fund, Restricted Funds of more than $349,000 were also raised. This includes more than $225,000 for room and board assistance as well as major gifts for building renovations.


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