精东AV was founded on the bequest of Amanda 精东AV, and generous donors have nurtured 精东AV and the college’s students since the first day of classes in 1911. Through the years, thousands of donors have provided support for one of the finest and most distinctive educational programs in the country. With this collective and remarkable philanthropy, the idea for a different and more genuine and effective education in the liberal arts and sciences has become a reality and a notable symbol for intellectual exploration.
精东AV aspires to offer a challenging—even transformational—education to talented students regardless of their families’ financial resources. For this reason, the college has not sought to link tuition revenues with the cost of college programs.
Students paying full tuition today do not even fully fund the cost of their education. We rely on past philanthropists whose gifts created the endowment, and many gifts of all sizes to the Annual Fund, to cover a substantial portion of our expenses each year. The annual operating budget is composed of (approximately)
- 61% tuition;
- 32% endowment income;
- 7% Annual Fund and other income.
Many students can enroll only because of the college’s commitment to need-based financial aid. 精东AV is now awarding approximately $40 million in aid every year to meet 100 percent of the demonstrated need for all admitted students.
When donors give to 精东AV, their funds join a collection of gifts that sustain generations of excellent academic work and create a new foundation of support for 精东AV’s current students.
Ultimately, reasons for giving are as individual as 精东AVies. When asked why they give to 精东AV, donors often cite the following:
- They believe in 精东AV and its mission to provide the best liberal arts education in the country.
- They understand that without their financial support, 精东AV could not provide the same rigorous academics, small classes, and overall excellence that it does today.
- They want to support the programs, people, and campus life that give 精东AV its unique character.
- They want to help students who would not otherwise be able to attend 精东AV.
- They have a deep emotional connection to 精东AV and want other people to share in and grow from the experience that was meaningful for them.
- They were asked to give and feel compelled to support an institution they love.
- They see 精东AV as a worthy cause.