The Parents Fund is an important part of the overall Wesleyan Fund. A vital source of unrestricted support, it is the vehicle for contributions by non-alumni parents and families to the day-to-day life of students at Wesleyan.
For more information, please contact Meg Zocco, director of parent development, at email@example.com or (860) 685-2799.
- What is the Parents Fund?
The Parents Fund is an important part of the overall Wesleyan Fund. A vital source of unrestricted support, it is the vehicle for contributions by non-alumni parents and families to the day-to-day life of students at Wesleyan. Families of students and alumni are an integral part of the Wesleyan community and are encouraged to participate in the life of students at Wesleyan, including through annual giving.
- Why is it needed?
Tuition and fees cover only a portion of Wesleyan’s actual yearly costs per student. Each student is supplemented by a fiscally responsible disbursement from our endowment. For the remainder, we rely on grants from foundations and corporations, and gifts from Wesleyan alumni, faculty, staff, students, friends—and parents. Gifts to the Parents Fund are especially valued because they allow Wesleyan the flexibility to direct them to areas of greatest need in a given year.
- How are Parents Fund contributions used?
Parents Fund gifts go to work immediately. The largest single funding priority is keeping a Wesleyan education accessible by providing crucially needed financial aid. In addition, every aspect of a Wesleyan education and every place on campus benefits from gifts to the Parents Fund. For example, your contribution helps to support faculty and student research projects, numerous cocurricular activities, lecture series and performances, instruments in the science lab, equipment for Cardinal sports teams, career development workshops and resources, and furniture in the residence halls. Wesleyan students are the greatest and most direct benefactors of gifts to the Parents Fund.
- What is the gift range?
Your gift of any size is greatly appreciated. Gifts range from $25 to $25,000 (single year current use scholarship) and beyond, with an average family gift to the Parents Fund of $1,700 in 2016. An annual gift of $1,831 (the year of Wesleyan’s founding), places you in the 1831 Society. All 1831 Society members are invited to a reception celebration each year. We are grateful that Wesleyan is kept among the philanthropic priorities of so many Wesleyan families.
- What is the Parents Fund goal?
For fiscal year 2017 (ending on June 30), the goal for the Parents Fund is $1.6 million. This goal was achieved last year as a result of close to 1000 family gifts. Parent and family giving to the Parents Fund has doubled in the last ten years, building on a solid tradition of support over the decades.
Parents and families contribute to numerous restricted purposes in addition to supporting the Parents Fund. Last year, the total amount given by parents and families to all purposes was $7,332,000, and parents and families were responsible for $51 million of the $482 million raised during our This Is Why campaign, which concluded in June 2016. Truly, Wesleyan would not be the vibrant, innovative and globally conscious place it is without the support of its extended family.