Cornell Club of Sarasota-Manatee |
Cornell 2022-2023 tuition $62,456 housing and dining $17,088 | 66% of CCSM Member households gave their support! In honor of the club’s 65th anniversary and as part of our “65 for 65” campaign, we set an ambitious goal at the beginning of the year. We wanted 65% of our member households to contribute a gift of $65, or a multiple of that number, to the scholarship fund this year. As of November 30th, we exceeded that goal! 114 member households (66%) gave a total of $22,632. Thank you all for making this happen. There is still time to give! Every gift, small or large, impacts the availability of money for our students from Sarasota-Manatee who are attending Cornell and who demonstrate need for financial aid. Local students with demonstrated financial need are given assistance with a combination of grants (such as from our fund), loans, and work-study. The fund and choice of students are administered by the university. To learn more about the amazing local students who recently graduated or are currently attending Cornell, login to membership news to view the presentation that was shown at our January 2022 luncheon where we honored our local students and their parents/guardians. This presentation will be updated for our upcoming luncheon on January 12, 2023. To donate by check:
Cornell University To donate electronically, click the donate button below to take you directly to Cornell's giving site for our fund; please check to see if your company will match: DONATE ONLINE WITH CORNELL HERE Your tax-deductible gift qualifies you for Class and Cornell Annual Fund credit as well as applicable matching gift programs. Cornell University is a 501(c)3 non-profit organization. |
How Our Fund Works
The Cornell Club of Sarasota-Manatee Scholarship Fund is an endowed scholarship fund, administered by Cornell and used to supplement the financial aid given to our local students. Cornell collects the gifts and designates them for local students, decides how to invest the money and how much money is paid out each year, and determines which local students receive the money. Cornell gives over $333M in aid each year and approximately half of all students receive some sort of financial aid. The mean amount given is $45,000.
Cornell manages endowed funds like ours to last in perpetuity. To this end, each year Cornell allocates a percentage to determine that year’s payout amount. Below are the numbers for our fund:
Amount Given to our Fund in Calendar Year 2021: $5,735Market Value of Fund as of 9/30/2021: $533,591
Payout for Fiscal Year 2021: $17,387
Projected Payout for Fiscal Year 2022: $17,089
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