Friday, February 10, 2006

Calling All Alumni: AIESEC Scholarship

I sent this out to some friends this morning, but wanted to invite any alumni out there in the blogsphere to join us:
~~~~~~~~~~~~~~~~~~~~~
Hey AIESEC!

(...)?

Yeah, it's been a while since I've heard that in person, too.

Remember how when we were AIESECers, we were always trying to get our alumni more involved? But didn't know how?

Remember how badly we wanted to go abroad or go to an international conference? But didn't have the money?

Well, now's our chance to get together and make a difference. Alf and I have been hatching an idea to create an alumni scholarship for a motivated member to be able to attend an international conference or go abroad. He's even talked to Ali (the current LCP in Madison) to get the ball rolling on their end.

Here's what we need from you: MONEY. These will be tax-deductible donations made directly to AIESEC, allocated for a specific use: scholarship. Now that we're all a few years out, most of us are making enough money to donate 50 tax deductible dollars for a good purpose.

So, what do you say? What about bringing the impact full circle? You remember the great times you had in AIESEC and all of the valuable lessons you learned. Isn't it time to pass it on and ensure that someone else has the same opportunity?

If you're in, just shoot me an e-mail message with how much you're willing to add to 'the pot'. It doesn't have to be $50, it can be anything. Don't pull out the checkbook yet, just let us know how much you're in for.

As for me, count me in for $100.

Come on, afterall,

"We are family..."
Cat
~~~~~~~~~~
AIESEC Madison 1998-2001
LCP 2001

8 Comments:

Blogger Nic said...

Hey Cat, great idea. You've inspired me to try for something similar in Australia. I love this idea because it is practical and achieveable. I've blogged it on my nomadlife blog too.

Cheers!
Nic
LCP Curtin in Perth, Western Australia

2/10/2006 8:11 AM  
Blogger Asha said...

To help facilitate this, you might want to look into collecting donations through http://www.justgive.org

It looks like AIESEC US is already able to receive donations.

It'll allow people ot give credit card donations and automatically gives you a tax receipt rigth away via email, making everyone's life better.

We did this in Canada in 2002 and it helps - all you need to do is send out/post the link to
http://partners.guidestar.org/controller/search.gs?keywords=aiesec&action_searchFin=1&partner=justgive

2/10/2006 8:46 AM  
Blogger BG said...

Lance and I looked into setting up a trust to give AIESEC scholarships at one point, but got bogged down in the details of fundraising and the legal steps of setting it up.

It's a great idea, and if i had a positive cash flow i'd be more able to donate. Let me know if there's any other non-monetary ways to help.

2/10/2006 5:14 PM  
Blogger Devrim said...

Hi Cat, a few comments:
1) Make it alumni driven (aka does not go through aiesec US)
2) start off with alumni who feel ownership to a certain cause (i.e. rowdy region alumni)
3) set up a paypal account for people to donate directly to
4) articulate the criteria for the scholarship (i.e who is eligible)
5) articulate who decides who will recieve the scholarship (i.e. you and Alf)

PS: Of course I'm in

2/10/2006 7:38 PM  
Blogger Asha said...

Devrim - the only challenge with your "independent of @us" comment (point 1) The donations will not be tax deductable for those filing taxes in the US.

I agree completely that the criteria should be set soon (ideally by the scholarship founders) and that alumni themselves decide who gets it but don't really understand why it would need to be independent.

2/10/2006 8:55 PM  
Blogger M said...

Devrim gave a good process except the portion about not going through @US. Tax deductibility is important. Unless they changed it, @ US already has the ability to accept credit cards. You could have someone like BG or tech savant set up an official website and work with @US to get the credit card acceptance on that site. I don't think going through a third party website is as effective. And as long as you clearly indicate what the money is earmarked for and where it must go, @ must use it in that way (it's the law).

Make sure the money goes directly towards the cost of whatever activities you want to support. You don't want someone receiving a check and then ending up not going. Be very specific about the criteria. I have seen these things go horribly wrong.

Always award less than the amount fundraised each year. You want to build up money like an endowment so eventually you have so much whatever the interest earned is, is the amount of the scholarship.

And um...remember how poor you were as an undergrad? That's me x5. I will be donating no money anytime soon.

2/11/2006 9:11 AM  
Blogger alimadison said...

Yeah for donating to us poor college students! I'm very excited about this proposal and how generous you and Alf have been! I'd love to get more of our members to an international conference!

2/11/2006 5:12 PM  
Blogger Devrim said...

Cat, of course I have a reason behind my suggestion that was challenged. I've dropped you an email at the hotmail account listed on your blogger profile to see if you want to bounce ideas back and forth. Give the brotha a holla.

PS: In the big picture of things, considering how much we spend on food, beer, entertainment and other in a year, having $100 be tax deductible is not that big a deal to everyone.

2/15/2006 6:08 PM  

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