Annual Fund

The Annual Fund is the college’s annual giving program that supports financial aid, academic innovation, and student life initiatives for students.  This unrestricted, discretionary fund enables MMA to respond to immediate needs, new opportunities, and fresh ideas.

Your donation to MMA’s Annual Fund makes a difference by:

  • Keeping tuition affordable, especially for students with financial need
  • Providing training and equipment to support MMA faculty in classrooms and laboratories
  • Funding faculty professional development and research initiatives
  • Making funds available for students and faculty to attend conferences, present papers, and continue the excellence that has given MMA its international reputation

It’s critically important because it supports all areas of the college. Annual Fund gifts impact every student and every faculty member on campus.

Your participation in the Annual Fund is key to its success. Your gift, regardless of amount, is what matters. It’s also a significant message to our philanthropic partners that our closest community members and friends care. Furthermore, when a foundation, corporation, or potential donor is considering making a grant or gift to MMA, participation in the Annual Fund is one of the statistics they review in making their decision.

Every gift and every dollar counts, from all corners of the MMA community. Please give what you can.

Make your gift to the MMA Annual Fund today:

  1. Give online today using your credit card
  2. Give by phone by calling the development office: 207-326-2223 (Leah Bishop)
  3. Give in person at the Wyman House
  4. Or, give by mail: send your check to
    Maine Maritime Academy
    1 Pleasant Street
    Castine, Maine 04420

Gifts are directed wherever the need is greatest, or as the donor designates, giving MMA the flexibility to take advantage of emerging opportunities and to respond to unanticipated needs. If you want to target an area of focus for your Annual Fund gift, you can. Choose from Unrestricted Annual Fund, Academic Programs, Financial Aid, Facilities, or Athletics. It’s your choice.

Thank you for giving to the Annual Fund!

FAQ

Started in 2012, National Giving Day is the global day dedicated to giving back. On the Tuesday after Thanksgiving charities, families, businesses, community centers, and students around the world come together for one common purpose: to celebrate generosity and to give.  For MMA, our Community Giving Day is a chance for those closest to the college—faculty, staff, and students—to show our alumni and others that we believe in the mission of the school and want to show the greater community that we care.

The Annual Fund provides unrestricted, discretionary funds that enable MMA to respond to immediate needs, new opportunities, and fresh ideas.  In fiscal year 2016, $661,000 was raised for the Annual Fund. It would take nearly $13.2 million in endowment to generate that same level of funding for our programs in a single year.  MMA’s endowment is a fund that holds its principal in perpetuity and pays out a small portion, about five percent per year, to campus operations and programs.

(Here is the math: 5% of $13.2 million equals $661,000. Five percent is the amount taken annually from the MMA endowment to add to the operations budget of the college.)

Yes. Your gift to the Annual Fund counts for your class’s participation rate and the overall MMA alumni giving participation rate. In Fiscal Year 2016, the alumni participation to the MMA Annual Fund was 14.5%.

Gifts to the Annual Fund increase financial aid in two ways.  First, donors can restrict their contributions to financial aid, having an immediate impact on students with financial need.  Second, gifts to the Annual Fund help to reduce the cost of operating the college and therefore increase the amount the college has available to award for financial aid.

Gifts to the Annual Fund help the college respond to immediate needs, new opportunities, and fresh ideas.  Without private philanthropic support to the Annual Fund, tuition would have to increase. In short, philanthropic support of the Annual Fund keeps tuition increases lower.

While gifts to support endowments, capital projects, and sponsorship of events are important to the wellbeing of the Academy, these gifts are not counted toward alumni participation numbers. The Council for Advancement and Support of Education (CASE) is the leading source for best practices in educational fundraising, and MMA follows their reporting standards and management guidelines for annual fundraising and campaigns.

Make your gift to the MMA Annual Fund today by:

  1. Giving online using your credit card
  2. Calling the development office at 326-2223 (Leah Bishop), or
  3. Stopping by the Wyman House, or
  4. Sending a check to:
    Maine Maritime Academy
    1 Pleasant Street
    Castine, Maine 04420

Gifts are directed wherever the need is greatest, or as the donor designates, giving MMA the flexibility to take advantage of emerging opportunities and to respond to unanticipated needs. If you want to target an area of focus for your Annual Fund gift, you can choose: Unrestricted Annual Fund, Academic Programs, Financial Aid, Facilities, or Athletics. It’s your choice!

An easy way to avoid capital gains taxes while receiving the full market value of your contribution for income tax purposes is through giving appreciated stock. You can also check with your employer’s Human Resources Office to determine whether they participate in a matching gift plan. Please explore giving options and call Leah Bishop at 207-326-2223 for more information.

Annual Fund gifts impact every student and every faculty member on campus. Thank you for supporting Maine Maritime Academy!