EDUCATIONAL ADVANCEMENT FOUNDATION (EAF)
The Alpha Kappa Alpha Educational Advancement Foundation (EAF) is a 501(c)(3) organization, established in 1980 by Alpha Kappa Alpha Sorority, Inc. as the philanthropic arm of the Sorority. The mission of EAF is to promote lifelong learning accomplished by securing charitable contributions, gifts, and endowed funds to award scholarships, fellowships, and grants.
In connection with EAF, the Nu Gamma Omega Chapter has established the Nu Gamma Omega Chapter Scholars Award Endowment Fund to provide an ongoing source of funds for scholarships and awards for deserving students in our community.
THE NU GAMMA OMEGA CHAPTER EAF COMMITMENT
In 2014, the Nu Gamma Omega Chapter EAF Committee led a charge to create a chapter endowment with a goal to inspire the Chapter to raise the minimum $20,000 needed to capitalize the endowment. With full support of the members and a $1,600 initial investment, the Nu Gamma Omega Chapter Scholars Award Endowment Fund (“Endowment Fund”) was established.
Members had the opportunity to become a part of Chapter history as original contributors to the Endowment Fund with a one hundred-dollar ($100) donation. Chapter leaders, past and present, along with other Chapter members, quickly signed on to the Campaign.
The Nu Gamma Omega Endowment Fund supports scholarships for deserving students. As an IRS recognized 501(c)3 organization, EAF works to increase access to a quality college education. EAF realizes its goals, in part, because of individual donors and its relationships with companies, corporations and other organizations. Through the generosity of its partners, lives of students and communities are transformed. The simplest tax-deductible gift ensures students can purchase books, secure housing and transportation, decrease food insecurity, and sustain student enrollment leading to successful completion of college programs, and advanced degrees.
FUND THE ENDOWMENT CAMPAIGN
To fund the Nu Gamma Omega Chapter Scholars Award Endowment Fund, the Committee has launched a Capitalizing Campaign, where each Chapter member is asked to donate at least $100 by November 15, 2021. Donations may be made via PayPal at the link below or by check by contacting Soror Veronica Mucker at email@example.com. For more information about the Campaign, click here. For answers to frequently asked questions about the Campaign, click here.
Sorors who are not ready to donate today, are asked to pledge your support at the button below so that the Committee can better gauge the level of participation as additional fundraising options are explored. Pledge forms will also enable Committee members to follow up with sorors who plan to donate. Sorors are encouraged to maximize donations. Donor incentives and recognition have been established based on donor levels.
Suggested Donation Levels:
Platinum Patron $5,000
Diamond Donor $2,500
Emerald Advocate $1,500
Gold Champion $1,000
Pearl Promoter $500
Silver Supporter $250
Bronze Benefactor $100
BENEFITS OF THE NGO SCHOLARS AWARD ENDOWMENT FUND
Once the Nu Gamma Omega Scholars Award Endowment reaches $20,000, it is capitalized, and the Chapter can award scholarships from the interest and dividends accrued. The Endowment will provide an ongoing source of funds to assist the Chapter in reaching its goal of implementing programs that enhance the educational wellbeing of college students in our community through awards and scholarships.
The Chapter sets the eligibility criteria, determines the selection process and committee, and selects the recipient(s) of its scholarship(s). The Chapter will request checks by submitting the selected recipients to EAF by the established deadline.
EAF is a 501(c) (3) entity with a not-for-profit tax-deductible status; chapters are 501 (c) (7). By partnering with EAF, chapters can raise money for scholarships through tax deductible donations, without the need for its own foundation.
ENDOWMENT FUNDING GOALS
Capitalizing the Endowment at $20,000 is only the first step in reaching the Chapter’s goal of establishing a perpetual source of funding for scholarships. Since the larger the Endowment, the more money that will be available for scholarships and other awards, the Chapter has established a goal of funding the Endowment to at least $500,000 over the next five years. Thus, fundraising must continue beyond the initial capitalizing phase and sorors are asked to maximize contributions.
There are many ways to support the Chapter’s Endowment Fund. Examples include monthly donations, matching gift programs, memorial gifts, stocks, bonds, named endowment funds or fellowships, bequests, trusts, annuities, charitable remainder trusts, charitable lead trusts, charitable gift annuities, and support of fundraisers. Company matching gifts can double your donation to EAF. Check with your company’s Human Resource Department to determine if the option is available and required documentation to be submitted. Contributions to the Nu Gamma Omega Chapter Endowment Fund are tax deductible.
Annual scholarships are awarded to students attending post-secondary institutions based on merit and/or financial need.
For more information, please contact the NGO EAF Chairman at firstname.lastname@example.org.