Alumni Association Matches Class Of 2016 CAPS Donations, Pledges Largest Amount In Class Gift History

The senior class decided in October that the 2016 Class Gift would establish an endowment to benefit Counseling and Psychological Services (CAPS). The CAPS funding rightfully beat the other two contenders, and the Class of 2016’s legacy has made waves in the Penn State community as students and alumni have raised record-breaking funds.

Yesterday, the Class Gift Campaign executive committee announced it will partner with the Alumni Association to raise more money for the endowment. The Alumni Association will match the funds raised by the Class of 2016 — an amount that adds up to $200,000. Currently, this commitment by the Alumni Association is the largest in Penn State Class Gift history.

According to Penn State News, the Class Gift Campaign raised more than $125,000 in support of CAPS, leaving just $75,000 unmatched. Students graduating in May or December of 2016 are still eligible to donate, meaning the Alumni Association may still give more as well.

CAPS has a wait list that is months long, and many students are desperate to get in but are unable to because of such large demand. In the first year of the endowment, funds will go toward stationing a CAPS counselor in one of Penn State’s residence halls. After that, a discretionary fund will allocate $18,000 a year in general funding, ensuring that the program will continue to help students many years down the line.

The Alumni Association’s decision to match the Class of 2016’s donations is extremely admirable — the Class of 2016’s gift is having impacts across the university, as many would argue, it should.

More Options to Share

About the Author

Katie Klodowski

Katie is a senior from Pittsburgh, PA and a retired editor at Onward State. Currently, she works as a staff writer. True to her hometown, she is a fan of Steel City sports but also uses her ballet and music training to be a tough critic of all things artsy. The fastest ways to her heart are through pizza, sushi, and a solid taste in music (this means no Taylor Swift). To be constantly razzle-dazzled, follow her on all social media forms at @KatieKlodowski

Comments

Facebook Comments BBUI

Other stories

Send this to a friend