VOLUME 1 ISSUE 9   September 2004
Why life membership in the Alumni Association means so much
Article Image.
Why life? For Marianne Alexander ’62, the answer was simple; “I loved my student experience so much that I wanted to stay connected to Penn State forever. Becoming a life member of the Alumni Association was clearly the best way to do it.” For Roger Williams ’73, ’75g, ’88g, who became a life member in 1975, life membership represented “a vote of confidence in the future of the University and an expression of support.”

Okay, so these folks bleed blue and white. What about alumni who don’t? What about alumni who ask, “Why life?”

For the Penn State Alumni Association, life membership dues ensure the stability and constancy of programs and initiatives. Placed in a permanently endowed fund—the Life Member Fund—life membership dues are invested for growth and stability. Each year, the Alumni Association withdraws approximately 5.5 percent of the market value of the Life Member Fund to support the Association’s programs and services. Any additional dividends are reinvested so the fund will grow over time.

What’s an endowed fund? Much like a mutual fund, an endowed fund is a carefully balanced portfolio of investments. Unlike a mutual fund, the proceeds or dividends are earmarked to support charitable initiatives. At $31.5 million, the Life Member Fund at Penn State is one of the biggest in the country and a point of pride for the Penn State Alumni Association.

In the past fiscal year, the Life Member Fund has provided approximately $1.5 million to support dozens of worthwhile Alumni Association programs:

  • for students—mentoring and career counseling;
  • for parents and families—orientations, welcome receptions, parents and families events;
  • for alumni—reunions and homecoming;
  • for colleges and campuses—constituent society support; and
  • for affiliate groups—program support.

So, why life? Because the Life Member Fund, as a carefully invested and managed endowment, provides a stable source of revenue for the Association’s programs for students, parents, alumni, colleges, campuses, and affiliate groups. Not to mention, of course, that it’s the best way to stay connected with Penn State—forever.


[PRINTER FRIENDLY VERSION]
Post a letter

Subject

Text

Your Name

City

State/Country

Your Email Address

NOTE: Do Not Alter These Fields:

Tell A Friend
[ TOPICS ]
A Message from the Executive Director
Features
Tips & Best Practices
In the Spotlight
Association Highlights
Member Center
Ask Us
This Month in Penn State History
Feedback

Home
[ SUBSCRIBE ]

Enter your e-mail address in the box below to receive a monthly reminder each time we post a new issue of the "Alumni Volunteer Update" e-newsletter:


Add Remove
Send as HTML
 

[ ALUMNI ASSOCIATION NEWS ]
Homecoming tailgate competition
Philadelphia Zoo unveils plans for mountain lion exhibit
Nittany Lion Inn memory book deadline extended
[ UNIVERSITY NEWS ]
Staged reading set for Sept. 11
Blue's Clues Live! comes to Penn State's Bryce Jordan Center
Vulnerability of U.S. power grid centers on key junctions
Biologists, anthropologists hunt illusive signs of natural selection
[ ATHLETICS UPDATE]
Penn State-Boston College Clash Set For 8:00 p.m. kickoff on ABC Sports
Penn State Rolls to 48-10 Win Over Akron
Penn State Men's Soccer Team Jumps in Polls After Solid Opening Weekend
Weimer Named Big Ten Women’s Soccer Offensive Player of the Week
[ LINKS ]
Penn State Alumni Association
Affiliate Groups
Penn State University
Penn State Live
The Alumni Store @ Penn State
ARCHIVE
August 2004
August 2, 2004
Vol. 1 Issue 8
July 2004
July 8, 2004
Vol. 1 Issue 7
June 2004
June 4, 2004
Vol. 1 Issue 6
May 2004
May 7, 2004
Vol. 1 Issue 5
April 2004
April 12, 2004
Vol. 1 Issue 4
March 2004
March 2, 2004
Vol. 1 Issue 3
February 2004
February 11, 2004
Vol. 1 Issue 2
January 2004
January 8, 2004
Vol. 1 Issue 1

Published by Penn State Alumni Association
Copyright © 2004 Penn State Alumni Association. All rights reserved.
TELL A FRIEND
Powered by IMN