Wittenberg Fund FAQ
Your generous gifts sustain our great Wittenberg learning community. We all benefit from the generosity of others and encourage you to be a living example of our motto:
Having Light We Pass It On to Others
What is the Wittenberg Fund?
The Wittenberg Fund is the sustaining fund that provides financial support for virtually every purpose and function of the Wittenberg learning community.Contributions provide sustaining support for academic, scholarship, cultural and athletic programs; faculty retention and recruitment; campus renewal and beautification; and other department programs and initiatives.
Why are philanthropic gifts important to the university?
The University has three primary sources of revenue:tuition, endowment earnings and gift income. Philanthropic gifts equal approximately $6 million of our revenue in an average non-campaign year. The more our donors, alumni and friends give, the better we are able to maintain salaries, facilities and tuition at competitive levels.
What portion of that total is the Wittenberg Fund?
For the past several years, The Wittenberg Fund has contributed approximately $2.4 million annually toward the overall operations to the university, which provides support for scholarships, salaries, programs and equipment.Other sources include estate gifts, grants and various other gifts restricted for particular programs or purposes.
What is the goal for this year’s Wittenberg Fund?
The Wittenberg Fund goal for 2011-2012 fiscal year is $2,400,000.
What does the fund do?
Most Witt Fund gifts are unrestricted (that is, not designated for a specific purpose) and are added to the general fund to support the university operating budget. Those gifts which are restricted for a particular purpose (e.g.: scholarships or a particular program) are used to offset the expenses and costs related to that particular budgeted activity.
How can I give to the Wittenberg Fund?
There are a number of easy ways to give. You can always give by credit or debit card online
. Checks may be sent to:
The Wittenberg Fund
P.O. Box 720
Springfield, OH 45501-0720
Can I set up my gift in future payments?
Your gift can be made through several installments (monthly, quarterly, etc.). Gifts are tabulated as they come in and credited in the fiscal year received, according to Generally Accepted Accounting Principles (GAAP).
Does my gift really matter?
Every gift, no matter the size, is important to the overall effort. It is a greatly under-appreciated fact that we influence others by our acts of kindness, compassion and charity. Quite often, it is the smaller, sacrificial gift that inspires greater contributions from others. No great effort is achieved without the participation of many-- and often in relation to the actions of others.
Is there someone who can answer my questions about the Wittenberg Fund?
Absolutely! Please contact The Wittenberg Fund office by phone: (937) 327-6365 or email firstname.lastname@example.org
. We will be happy to answer your questions and be of any possible assistance. Please let us know how we can better serve your need for information and understanding of this issue important to us all.