Why Should You Give? Reason #26:
Fund the arts on campus
Education is the path to a better life, but too often cost blocks the way. Financial aid ensures that it does not. For that reason, we have made access to a Smith education our highest campaign priority and largest goal.
We want to make a Smith education accessible to any talented young woman who seeks it. Through the campaign, we will increase our endowed scholarship funds by $200 million—an increase of $10 million annually in the direct assistance we can provide students every year.
At this time of rising college costs and rising student debt, Smith must offer competitive financial aid packages to recruit the most excellent students. Only 44 percent of our financial aid budget is endowed—a proportion lower than that at many of our peer institutions. With a larger financial aid endowment, we can offer more competitive financial aid packages, we can lessen the burden on middle-class families, and we can recruit greater numbers of outstanding students, both international and domestic.
This is an expensive endeavor, but one necessary to fulfill our mission to educate women of promise for lives of distinction. New endowed funds, dedicated to student scholarships in perpetuity, will strengthen the college’s financial aid program, helping us not only to recruit a diverse student body but also to ease the burden on families struggling to make ends meet while supporting the dreams of their daughters.
Smith students see the challenges of the 21st century and feel the call to action. They expect their education to prepare them to create, to contribute, and to lead in a swiftly changing, increasingly complex world. To meet this need, Smith has created an array of transformative programs, engaging our students in research, inquiry, and discovery across the disciplines; developing their understanding of global concerns and social issues; integrating work inside and outside the classroom; and building their capacity for leadership.
The college is making critical investments, recruiting the next generation of faculty, establishing new global programs, supporting new interdisciplinary initiatives, and investing in new technology.
While endowed funds will account for much of the overall campaign total, the majority of gifts to the college will be for current use, providing critical support for everything Smith does. Many of these gifts will come through the Smith Fund, while others will be directed to key areas such as financial aid or curricular development.
The Smith Fund remains the foundation for the college’s ongoing fundraising efforts. Unrestricted gifts from alumnae, parents, and friends help us dedicate resources to new initiatives and core priorities. Support of the Smith Fund throughout the campaign, at an even higher annual level than ever, will enable current students to take full advantage of the Smith experience, will allow the college to meet its growing commitments, and will represent, collectively, the single largest gift to the campaign.