What is the financial record of giving by the ARCS Foundation over the years?
To give a thumbnail sketch of recent years — in 1992-1993, the ARCS Foundation donated $1,721,403 to 316 students at 61 schools. For 2008-2009, the ARCS Foundation awarded $4,482,023 to 554 Scholars at 46 schools. Chapter endowments for scholarship support now exceed 13 million dollars. What is the source of the funds you raise? Corporations, foundations and individuals, as well as interest from our endowment accounts. What percentage of donations actually goes to scholarships? One hundred percent of all dollars donated for scholarships goes to scholarships, in addition to the interest from the endowment accounts. If one hundred percent of my donation goes to scholarships, how do you run your organization; how do your operating expenses get paid? All scholarship fund solicitation expenses are handled by the members directly. Some donations are given specifically for operating funds, and those dollars are also used to help run the organization. Who else has given money to the ARCS Foun