A generous donor has issued a $500,000 challenge to Fuqua alumni in an effort to double the number of leadership donors giving $1,000 or more to the Fuqua Annual Fund over the next three years. The Team Fuqua Annual Fund Challenge brings an infusion of energy aimed at expanding the school's number of top donors and taking the Annual Fund to a new level.
Leadership giving plays a critical role in reaching yearly Annual Fund goals. In the 2011-2012 Fuqua Annual Fund, 20 percent of donors gave at the leadership level of $1,000 or more, but those gifts accounted for 80 percent of the money raised.
"We're looking to increase the number of people who are willing to step up to the leadership level," said Erin Gasch MBA '03, Director of Alumni Relations and Annual Giving, who is pictured here. "Our hope is that we can encourage more alumni to show their appreciation and affinity for the school through leadership gifts to the Annual Fund."
Gifts to the Fuqua Annual Fund are used immediately to support every aspect of the school, from scholarship assistance to faculty teaching and research, to enhancements to the student experience.
"Fuqua has one of the smallest endowments of all top 20 business schools," Gasch said, "so we depend more on our Annual Fund to support the scholarships, professorships and programs that might be fueled by endowment dollars at other schools. Alumni giving to the Fuqua Annual Fund has a huge impact."
The Team Fuqua Annual Fund Challenge began on July 1, 2012 with the promise of $100,000 if 750 alumni make gifts of $1,000 or more before June 30, 2013. If Fuqua reaches successive goals of 950 and 1,150 leadership donors in fiscal years 2014 and 2015, the school will receive additional gifts of $200,000 each year.
Many donors have committed to make leadership gifts for the duration of the challenge with pledges of $3,000 or more that will be paid over a three-year period.
"Knowing someone has stepped up to encourage us to make leadership donations is motivating," said Scott Kriscovich MBA '94, who recently made a three-year pledge at the leadership level. "I gained so much during my time at Fuqua and as an alumnus since. Now that I'm in a position to give back, I want to do my part in contributing to the challenge." Leadership donors not only help fuel the programs that make the school a leader in business education, but also raise Fuqua's profile among alumni, peers and prospective students. Commitments to the school at the leadership level send the message that alumni are proud of their alma mater and that Fuqua is worth their investment.
Annual giving accounts for 25 percent of Fuqua's $100 million goal in the Duke Forward campaign. Meeting the Team Fuqua Annual Fund Challenge will be critical to achieving that goal.
"Fuqua's faculty, campus and learning environment is just as good, if not better, than every other school in our peer group," Kriscovich said. "It's important that we preserve and enhance this and attract the best students and faculty. If alumni invest in Fuqua, it will remain a top-tier school with a continuously growing reputation, making our degrees that much more valuable."
To accept the challenge or to learn more, visit our Annual Fund Challenge page.