Penn State news by
Penn State's student blog

Topics

More

Penn State THON Releases 2010 Fundraising Data

This afternoon, the Penn State IFC-Panhellenic Dance Marathon, known to all as THON, released its summary of fundraising efforts for the fiscal year that began on July 1, 2009 and ended on June 30, 2010.

Over that period, THON raised $8,059,290.53 from its four core fundraising categories: individual gifts, corporate gifts, THON store revenue, and fundraising events.

Here’s the breakdown of each of the category’s contribution to THON’s total gift income:

  • Individual gifts made up $6,625,030.44, or 82.20%, of total gift income.
  • Corporate gifts made up $834,441.07, or 10.35%, of total gift income.
  • The THON store generated $440,482.40, or 5.47% of total gift income.
  • Fundraising events generated $159,336.62, or 1.98% of total gift income.

The Four Diamonds Fund was given $7,447,671.33, or 92.41%, of THON’s total gift income. THON noted in its press release that according to the American Institue of Philanthropy, “most highly efficient philanthropies donate 75 percent of their revenue directly to their beneficiary.”

THON’s expenses totaled $572,225.68, or 7.1% of THON’s total gift income (not including the $39,393.52 retained in THON’s account).

Here’s the breakdown of THON’s expenses:

  • $269,685.02 on THON store inventory.
  • $175,009.74 on event management.
  • $93,608 for development, including printed THON informational material, direct mailing campaigns, and donor stewardship initiatives.
  • $33,921.98 for operations and other administrative expenses, including postage, office equipment, and space usage.

As of June 30, 2010, THON had $111,750.77 in its account.


Your ad blocker is on.

Please choose an option below.

Sign up for our e-mail newsletter:
OR
Support quality journalism:
Purchase a Subscription!

About the Author

Davis

Creator of @OnwardState. Big fan of sweaters.

Follow on Another Platform
113kFollowers
157kFollowers
54.9kFollowers
4,570Subscribers
State College Links
Other posts by Davis

Penn State and the Process of Life

To paraphrase Mark Twain: The reports of higher education’s death have been an exaggeration. American universities produce more research and relevant knowledge for the world at large than any other institutions I know of. Tuition may be too damn high, but over the long-run, undergraduate degrees are definitely worth the cost. But Penn State could be so much more. It used to be, I think.

Bonded in Blue, White, and Worry

43 Simmons

Homefield Apparel To Launch Licensed Penn State Merch August 13

Penn State is finally and officially joining the iconic clothing line with a 15-piece collection.

Homefield Apparel To Launch Licensed Penn State Merch August 13

Penn State is finally and officially joining the iconic clothing line with a 15-piece collection.

‘Oeuf Boeuf Et Bacon’ French Diner To Open In Former Location Of Baby’s Burgers & Shakes

Oeuf Boeuf et Bacon — which is French for “egg, beef, and bacon” — will tentatively open in September.

State College Rotary Club Ice Cream Fest To Return August 6

Liquid nitrogen ice cream brownies will be among the delicious treats at this year’s Ice Cream Festival.

 
Send this to a friend