Frequently Asked Questions
The university needs gifts from alumni and friends to fully fund the annual budget each year. The Annual Fund sustains Athens State’s most important resource — its people. Programs prepare students for successful lives we cannot yet imagine for them. The Annual Fund collects gifts from alumni, friends, students, faculty, staff, corporations, and others. Athens State relies on state funding for a major part of its operating budget, and with a significant reduction in funding over the last three years, annual fund gifts have never been more important.
Where are the funds needed the most?
Unrestricted gifts to the Annual Fund allow the University to use the money where it is needed the most and support the general operating budget.
Can I Give to Scholarships?
Yes! The Annual Scholarship Fund supports academic scholarships for many students. Gifts received from alumni, friends, businesses, faculty, and staff which are renewed annually are vital to the life of the University. Many of our alumni received scholarships in college and wish to give back by helping another student. The annual phonathon offers an opportunity for alumni to catch up on campus news and give to the Annual Scholarship Fund.
Can I dedicate my gift in honor or memory of someone?
What are the Gift Recognition Levels at Athens State?
Why is it important to give to the Annual Fund every year?
How are gifts to the Annual Fund used?
- Institutional scholarships and financial aid
- Social and cultural events
- Academic resources such as library and classroom technology
- Outstanding faculty and dedicated staff
- and many other annual operating expenses each year.
Does the Annual Fund go to new capital projects and new buildings?
How are gifts credited for the tax year?
Gifts credited for the tax year (December 31st) include:
- Online gifts must be made prior to midnight CDT December 31st (for the tax year)
- Credit card gifts taken over the phone made prior to 4:30 pm CDT on December 31st (for the tax year)
- Credit card gifts mailed in and received prior to December 31st (for the tax year) for office processing
- Checks mailed in must be postmarked on or before December 31st (for the tax year)
An endowed scholarship is a permanent fund in which the principal remains intact and invested in accordance with Athens State University Foundation Investment Policy. Scholarships are awarded annually from the allocated income earned on the principal investment. Each year, the Foundation Investment Committee meets to determine allocations based on investment returns. The target return rate for investments is 5%. The Foundation offers two levels of named scholarship endowments beginning with a minimum investment of $25,000 as illustrated below:
Presidential Scholarship $50,000+
Distinguished Scholarship $25,000+
Annual scholarships consist of those that are established based on an agreement that the donor contributes a minimum amount ($500) annually for a period of three years or an aggregate amount of $1,500. The entire gift is awarded in the form of a scholarship annually to a student(s) who meets the criteria specified by the individual donor. Annual awards may vary and are made each year based on the terms of the agreement and the amount contributed by the donor.