Annual Fund - Vision 20 20

 

What is Vision 20 | 20?

Maine Maritime Academy’s vision is to provide the best marine-related education of any small college. But, it’s clear: to achieve our vision, we must increase fundraising capacity by 2020 in order to keep tuition and fees affordable for all students, and to assure the MMA of tomorrow is economically sound and sustainable. To help us in this quest, the Harold Alfond Foundation has challenged Maine Maritime Academy to raise a cumulative total of $2.25 million over the next three fiscal years (July 1, 2017 – June 30, 2020) and increase our alumni participation rate to 20% in 2020. When we meet that challenge, we will receive $750,000 from the Harold Alfond Foundation toward scholarships for MMA students. That’s equivalent to a 33% boost on every gift. Someone helped you fund your education. Now, you can help the next generation of mariners by contributing to the MMA Annual Fund.

Your gift of any amount helps us reach the Annual Fund Vision 20 | 20.

 

We hope the graduates of Maine Maritime will rise to the occasion and meet the Alfond Challenge as an expression of the value of their education and the importance of supporting the Academy’s continued success and excellence.

Greg Powell
Chairman, Harold Alfond Foundation

 

Why is participation important?

1)  It is not only important, it’s key: in order to meet the challenge and receive $750,000 toward scholarships for MMA students, we must reach 20% participation from MMA alumni.

2)  20% translates to roughly 1,400 alumni donors contributing annually over three years of the challenge.

3)  Financial contributions are essential to our continued success. We must raise $2.25 million in total Annual Fund contributions over the next three fiscal years in order to meet the challenge. Meeting that goal will demonstrate to potential grant, corporate, and foundation funders that our community is invested in the vision of MMA and the college is worthy of their support.

How to get involved:

  1. Give online today using your credit card
  2. Give by phone by calling the development office: 207-326-2223
  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 to the Annual Fund are directed towards the greatest need and give MMA the flexibility to take advantage of emerging opportunities and to respond to unanticipated needs. If you would like to target an area of focus for your gift, please designate as ‘Other’ and note your area of focus, such as an academic program, an athletic program, or financial aid.

Thank you for giving to the Annual Fund!

FAQ

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.
Gifts to the endowment and capital projects are not counted toward the Annual Fund, and certain restrictions are also placed on revenues from event-related fundraising. 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 to the Annual Fund are directed towards the greatest need and give MMA the flexibility to take advantage of emerging opportunities and to respond to unanticipated needs. If you would like to target an area of focus for your gift, please designate as ‘Other’ and note your area of focus, such as an academic program, an athletic program, or financial aid.

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!

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. In addition to celebrating National Giving Day in November, we have our own Giving Day at MMA in the spring. This is a chance for those closest to the college—faculty, staff, and students—to support the mission of the school and show the greater community that we care.