College Raises $546,723 to Support Financial Aid, Academic Resources, More
For Immediate Release
July 1, 2013 – Craftsbury Common, Vermont— Sterling College celebrates a successful fund-raising year with $546,723 in charitable gifts for the fiscal year that ended June 30, 2013. This amount is as of July 1, 2013. Unrestricted gifts to the Annual Fund account for 10% of the college’s operational budget, and supports endeavors such as financial aid, faculty and staff compensation, and academic resources.
“This has been an exciting first year at Sterling and I have enjoyed getting to know the large community of people who care deeply about the College,” said President Matthew Derr. “To see the growth in annual fund participation is inspiring and it will continue to have a positive impact on our ability to support the work of our faculty and students. ”
Of significant help with this year’s fundraising goals, Derr continued, were two matching grants: one from an anonymous foundation that matched $50,000 in donations, and one from trustee and Sterling College neighbor Penny Schmitt, who created a $75,000 matching fund, as well as a gift designated for improving campus signage.
Over 500 alumni, parents, friends, foundations, and corporations gave to Sterling College for the 2012-2013 Annual Fund.
Dr. Pavel Cenkl, Dean of the College and Faculty, said “To have raised more than half a million dollars for our operating budget and financial aid is truly a testament to the strong loyalty and commitment by our extended community of alumni, parents, faculty, staff, and students.”
This year’s giving is a 42% boost from the 2011-2012 giving year, when Sterling College raised $315,000. The 2011-2012 budget year also saw a one-time grant of $383,612 from the Margaret A. Cargill Foundation.