RIT Alumni Association
RIT Alumni Association

Reporting

Each fall RIT creates stewardship reports for all restricted and endowed scholarships and funds. These reports are generated each year to ensure that donor contributions are utilized as agreed upon with RIT. Our donor stewardship team is committed to inform the representatives of each fund of the fiscal status or endowment growth in a transparent manner. In partnership with the Controller's Office and the Office of Financial Aid & Scholarships, RIT is able to ensure accurate and timely reporting on an annual basis.

Restricted and Endowed Scholarship Reports

Restricted and Endowed Scholarship Reports

Scholarship support provides RIT students the ability to afford their college education by offsetting tuition costs and other educational expenses. Each year over 75% of RIT students receive financial aid and scholarships through the generous support of individuals and corporations.

The names of student recipients who benefited from scholarship support are included with each report, along with personal notes and photos from participating scholars.

Restricted Scholarship (click here for sample report)

  • Purpose
    • The intent for the fund as outlined in the original statement of intent signed by the donor
  • Total Contributed
    • The actual amount contributed through all gifts made to the scholarship fund during the fiscal year
  • Beneficiaries
    • List of students who received aid during the fiscal year

Endowed Scholarship (click here for sample report)

  • Purpose
    • The intent for the fund as outlined in the original statement of intent signed by the donor
  • Endowment
    • RIT maintains an endowment fund for the purpose of providing an important source of support to its educational mission, both today and in the future
  • Contributed Value
    • The actual amount received from the original contribution or gift, plus any additional contributions or gifts made to the endowment over time. The additions may come from donor gifts or from reinvestment of dollars from the annual distributions, and may contain accumulated donors gifts
  • Market Value
    • Accumulated investment appreciation on contributed value. This is determined by multiplying the number of units that the endowment holds by the unit market value
  • Total Distributed
    • The total amount of funds awarded during the fiscal year
  • Beneficiaries
    • List of students who received aid during the fiscal year

Endowed Fund Reports

Endowed Fund Reports

Endowed funds such as those that support coaches, professorships, college or unit discretionary funds, faculty development, building and facility maintenance, book funds, and student support funds provide RIT students, faculty, and staff with funding that would not otherwise exist without donor contributions. The impact of these funds is reflected within each report, along with personal notes and stories from the beneficiary or those most closely influenced by the donation. (click here for sample report)

  • Purpose
    • The intent for the fund as outlined in the original statement of intent signed by the donor
  • Endowment
    • RIT maintains an endowment fund for the purpose of providing an important source of support to its educational mission, both today and in the future
  • Contributed Value
    • The actual amount received from the original contribution or gift, plus any additional contributions or gifts made to the endowment over time. The additions may come from donor gifts or from reinvestment of dollars from the annual distributions, and may contain accumulated donors gifts
  • Market Value
    • Accumulated investment appreciation on contributed value. This is determined by multiplying the number of units that the endowment holds by the unit market value
  • Total Distributed
    • The total amount of funds awarded during the fiscal year>

RIT Endowment

RIT Endowment

Endowment is support for the life of the university. Through a healthy endowment, RIT has a greater ability to address all expenses, planned and unforeseen, and provides the university greater flexibility in launching new projects or initiatives, as well as in providing greater support to faculty and students. Learn more »