Pitt Day of Giving
- Thread starter Ski11585
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Live stream: https://www.pittdayofgiving.com/pages/pdog-events
Interviews with the Gallagher and Lyke already occurred, Narduzzi coming up.
Interviews with the Gallagher and Lyke already occurred, Narduzzi coming up.
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You have to manually search for it, but I thought it was interesting that they created the "OnCampus2030 Fund". Doesn't the Heinz Field lease run out after 2030?
Since when? You can write these off, just less people need to do so, since they don't itemize with the increased standard deduction. This gift campaign isn't associated with the seat donations.
from the heart, eh?
btw, if you give enough, you can since it will exceed your standard deduction.feel free. ..I sure as hell hope you did not get a business degree from Pitt.
Done
No concern for a deduction, no demand to be thanked
My school reached out. I answered.
The end
No concern for a deduction, no demand to be thanked
My school reached out. I answered.
The end
I know there is typically a big rush and big donors drop at the end, but how is this year comparing to past years?
2019 had 6,346 donors for a total of $4,218,250.
With 7 hours left there have been 4,628 donors for a total of $891,223. I'd say 2020 is quite a bit behind $ wise, but we'll have to see if any big donations drop in the evening.
Seems like there were some big-time donations last year — not the type that would be given every year...
(BTW, Duquesne had their Day of Giving last week and topped $400K with about 1700 donors — a good job by them.)
Go Pitt.
(BTW, Duquesne had their Day of Giving last week and topped $400K with about 1700 donors — a good job by them.)
Go Pitt.
Kicked something to Baseball/Wrestling/Men's Soccer/Volleyball.
Beat the number of donors with 3 hours to go but behind on $$$$$
The number of donors is important because that speaks to engagement which Pitt desperately needs to improve. There just may not be as many big donations this year, but getting over 7K donors is a success.
"Pitt Day of Giving (PDoG) 2020 was a tremendous success. With 7,630 individuals making gifts, more than in any previous year, the Pitt Community supported hundreds of projects and programs that—together—make Pitt exceptional. Gifts were made from all 50 states and 31 countries. More than $1.6 Million was raised to support schools, colleges, athletics, student organizations, and an array of Pitt programs. Thank you to each of our 2020 Pitt Day of Giving donors!"
I just received a "Thank You" email that includes more information.
Here is a link to that website:
http://pittsburgh.imodules.com/cont...=95&puid=8dcd4b99-3e41-4738-9338-7c9ac328aa5b
While >7K donors is a modest improvement over last year, it is still remarkable how small a % of alumni participate, not just on one day, but throughout an entire year. Particularly I notice how few Dietrich School of A&S alumni give back considering it is, by far, the largest component of the university.
I wonder if creating something akin to "championship" funds for each department within Dietrich and then separately targeting alumni of the individual departments, instead of the whole school overall, would promote more engagement and giving. I personally would be more inclined to give to my former home department rather than the overall school itself. I'd set up an endowed chair fund in each department with a $50 to $100K match challenge for each of the ~45 departments which could be funded by the Dietrich Foundation's approximately $6 million annual disbursement to Dietrich School's endowment fund. In theory you could have a significant number of newly endowed chairs in 10 years if you succeeded in maxing the match annually for even half the departments.
I wonder if creating something akin to "championship" funds for each department within Dietrich and then separately targeting alumni of the individual departments, instead of the whole school overall, would promote more engagement and giving. I personally would be more inclined to give to my former home department rather than the overall school itself. I'd set up an endowed chair fund in each department with a $50 to $100K match challenge for each of the ~45 departments which could be funded by the Dietrich Foundation's approximately $6 million annual disbursement to Dietrich School's endowment fund. In theory you could have a significant number of newly endowed chairs in 10 years if you succeeded in maxing the match annually for even half the departments.
Endowed chairs cost millions of dollars. That’s not something you can really tackle in a day of giving.
I personally think this is a good idea. People tend to think within their own dept or group.
Not necessarily. Perhaps for small, annual gifts. But often times the larger principal gifts will affect the university as a whole.
I’m not giving amounts that move the needle, but I tend to allocate the largest portion of my giving to the general scholarship fund or Pitt Fund, then smaller gifts to the business school, and to sports championship funds.
Yes, I was talking about improving alumni engagement and in terms of attempting to greatly increasing small to medium gifts (100s to thousands), which is sort of what the Day of Giving is about. That is a different target than major gifts.
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No doubt and thanks for pointing that out. I am talking about taking the >7k donors to a much higher number.
Usually $2 million a chair. That's why I said it would happen over a decade using matching challenges funded from the Dietrich Foundation's distributions to the school (which must go the school endowment anyway). $100K X 10 years + match = $2 mill after a decade. Now say half the departments achieve that...that's 22 new chairs. And no, it would just be a one day fundraising campaign; the one day is just one annual push out of an entire year of fundraising.
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The match I propose is funded by Dietrich Foundation annual distribution to the School of Arts & Sciences. The "$125m" gift William Dietrich gave to Pitt was actually ~25% of the Foundation's annual distributions from its ~$500m endowment. CMU gets ~50%, and multiple organizations divvy up the remaining 25% (including the Duquesne, Thiel, Princeton, the Carnegie Museums, the Pittsburgh symphony, boy scouts and others). Pitt's portion of its annual distribution is paid directly into Pitt endowment and restricted to the School of Arts & Sciences and it currently amounts to ~$6 million a year. Bill Dietrich's idea here to set it up this way would be for his gifts to actually continue to grow in perpetuity as the Dietrich Foundation's endowment also grew. It's and endowment for the institutions' endowments.
Actually, the Dietrich School of Arts & Sciences has already attempted to use the Foundation's annual disbursement as a match for endowed fund creation (i.e. major endowed gifts). It was fairly poorly publicized, but they attempted it and I don't know if it is still an option for individuals looking to start an endowed fund.
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I realized that’s what you meant after I posted. The challenge for Pitt, and other universities, is that the middle tier of the $1000s donors is eroding. The over reliance on principal gifts is eroding that middle tier.
This is poorly communicated to alumni & in my opinion and needs to open up to all the schools. Just my 2 cents
It cannot be opened up to other schools at the University. William Dietrich intentionally set up his gift (and thus foundation) to support only the School of Arts & Sciences and it is legally restricted to that School. It also has to go into the endowment pool for the School of A&S.
It is then up to A&S how to use the disbursement from the School's endowment shares originating from the Dietrich funds disbursement, and using it as matching funds for endowed scholarship creation was one way they've decided to try to utilize it (at least a couple years ago).
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