The CBUFA scholarship fund

Many if not all of you will have received a letter from President Harker last week regarding the University Scholarship Fund and I [Mary Keating] wanted to give a little background for those who were not around when the university launched its first fund-raising initiative to increase the endowment fund.  At this time, CBU was significantly disadvantaged when it came to attracting students with offers of good scholarships, and through the efforts of faculty, staff and administration, along with some incredibly dedicated volunteers, the university saw significant improvements in the fund.  At the time, CBUFA established the Faculty Association Scholarship and encouraged members to give through small regular deductions, or failing that, a one-time deduction, and at a general meeting, the membership kick-started our scholarship fund by voting for a significant association donation.  Though the payroll deduction plan, individuals were encouraged to donate an amount of their choosing from each paycheck for up to five years.
As you saw from the president’s letter, we are now approaching the end of that first cycle, and while the Endowment Fund is much healthier than it was five years ago, we still have a way to go.  I am writing to encourage those who were not here or not tenured when the first campaign began to consider investing in the institution by signing up for the payroll deduction plan.  Those who gave a lump sum donation or subscribed are also encouraged to renew their commitment.  Given the size of our membership, even small weekly deductions can add up quickly. If donating through a regular payroll deduction is too onerous for you at this time in your career, a one-time donation is always appreciated. Of course, it comes as no surprise that, as CBUFA president, I would encourage you to indicate on the form they give you that you want to donate to our Faculty Associaton Scholarship Fund, but if that is not something you wish to do, then there is the university scholarship fund along with several scholarship and bursary funds promoting disciplines or memorializing those who have contributed in significant ways to our institution and/or community.
It seems trite to say that every little bit helps, but after sitting on the Investment Committee, I can honestly say that there is nothing trite about it.  Every increase in our fund is an increase in our interest and it is the interest that provides the level of payout for scholarships and bursaries.  Not only do scholarships help us attract the brightest students, but the message that we are willing to invest in our students speaks volumes to the student body and the community at large.
If you have any questions or would like further information, you can contact Lynda Moffatt in Development.  If you would prefer to talk to us first, simply write me or Barry Moore, Chair of the CBUFA Scholarship Committee.
Sincerely, Mary Keating

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