PSU news by
Penn State's student blog

Topics

About

THON Releases 2013 Fundraising Summary

If you’ve ever wondered exactly where THON’s 2013 total of $12,939,895.36 came from (and where those proceeds went after THON weekend ended), look no further. Last Friday, THON released its annual Summary of Fundraising Activities for the 2013 Fiscal Year, detailing where the donations came from, and where they go once THON weekend is over.

The almost $13 million dollar total is comprised of income that THON separates into four major categories: individual gifts, corporate gifts, THON Store revenue, and fundraising events. As you can see on the chart below, an incredible 83.3 percent of the donations fell in the category of “individual gifts,” totaling more than a whopping $10 million.

THON2013financials

An incredibly efficient 95.89 percent of the funds were donated to THON’s only beneficiary, the Four Diamonds Fund. That leftover 4.11 percent took care of THON weekend costs like event management, development, and operations and administrative expenses. Which is especially impressive when you consider that most philanthropies only donate around 75 percent of their fundraising totals to their beneficiaries — and those aren’t even philanthropies run by students!

“The percentage of funds we donate truly does set us apart from both professional and student-run philanthropies,” said Finance Director Alex Snopko. “Maintaining this efficiency will always be a top priority for THON.”

These numbers are staggering, and they keep THON chugging along as the largest student-run philanthropy in the world. With numbers like these, we change and save lives of little heroes and their families every day. Every donation that makes up a piece of that pie chart gets us a little bit closer to a cure.

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

Alicia Thomas

Alicia is a senior with majors in Print Journalism and Spanish and a minor in International Studies. Chances are that she's somewhere talking about her semester abroad or ranting about sexual assault prevention right now. She can be reached via Twitter (@aliciarthomas) or email ([email protected]).

Comments

Other posts by Alicia

15 Pieces Of Advice From A 2015 Graduate: Alicia’s Senior Column

Simply put: I would not be the person who I am today without the influence of this university, and I will be forever grateful for that. “Thou didst mold us, dear old State” has never felt truer.

OS Cribs: The Apartment You Wish Was Yours

OS Cribs: The Attic Above Cafe 210 West

Penn State Bakery’s Annual Gingerbread Palace Brings Sweetness to Nittany Lion Inn

For more than a decade, the Penn State Bakery has provided the Nittany Lion Inn with a massive, display-only gingerbread house during the holidays. This year’s design features about 50 pounds of dough and 100 pounds of icing.

Suspects Charged In Menorah Theft, Property Damage At Penn State Fraternity

The menorah, which is valued at about $1,800, was returned, but was damaged, according to the complaints.

Send this to a friend