SCHOLARSHIP NEWS SPRING 2022
Message from the Finance Chair:
Happy New Year! Here is one more thing to add to your New Year’s resolutions: if you haven’t already made your donation to the University Club Scholarship Fund, it’s not too late! Just use the coupon on page 7 of this Clarion and mail it to Kathy Maxwell. Remember that donations $200 and up will receive a free luncheon coupon that will not expire.
We are doing well so far in 2021-22. I have forwarded $5,630 to the UI Center for Advancement which will be added to approximately $180,000 we already have in our endowment fund. The proceeds from our fund have financed three $2,500 scholarships this year. They always go to University of Iowa female students who are in their third year of study. These students have a proven need for assistance that will not be met in any other way. Most recipients report that they will be able to work less and study more with our help.
I was recently informed that our recipients this year are: Gabrielle Healey, an Environmental Policy and Planning major from Dubuque, IA; Emerie Bell, a Health and Human Physiology Major from North Liberty; and Hanna Chang, an Ethics and Public Policy major from Norwalk, IA. Emerie’s note of appreciation is in this Clarion on page 8.
Our donations have come from about 70 members of the club (roughly 11.5% of our members), including those who overpaid on their memberships and luncheons and chose to donate the difference. The UC Writers’ Interest Group has also donated the proceeds from their latest published book. The amount of $5,630.00 donated at this point in time is comparable with previous years, and we have five more months to go in the 2021-2022 fiscal year. As I have said before, I would love to have a larger percentage of our members participate in this project. The amount of the donation is not as important as your participation.
About 30 of the donations are in memory of friends, family members and former members of the club. This is a wonderful way to remember these friends. Unfortunately, the University Club board has voted to no longer compile the names of our deceased members and list them in the Clarion and the Yearbook as has been our long-time custom. If it has been your routine to check this list, as I have done, to honor our friends after their deaths, please know that you will not have this resource in the future.
Our scholarship fund remains our single best method of demonstrating our interest in and support for the University of Iowa, which is consistent with our mission statement.
Donations for 2021-22 must be received by May 31, 2022. The Honor Roll of Contributors will appear in the Yearbook in the fall.
Many thanks for your generosity,
Kathy Maxwell
UC Finance Chair 2021/2022
ABOUT REQUIRED MINIMUM DISTRIBUTIONS:
M any of you have already made generous donations to The University Club scholarship fund from the Required Minimum Distribution from your IRA. I won’t pretend to be a financial advisor but it is my understanding that in 2021, there is no longer an RMD waiver, and the age has changed to 72. Your donations to The University Club Scholarship Fund are always deductible expenses because you write the checks to the UI Center for Advancement. Please do contact your financial advisor if you are considering this form of donation. If your check is sent directly to the Center for Advancement, and this is the preferable route, due to privacy rules, the foundation will not notify me of your generosity. In order to add your donation to our total for the year, to receive coupons for a free luncheon, recognition in the Clarion and the Honor Roll in the Yearbook, you, the donor, will need to notify the Finance Chair, Kathy Maxwell, at the address on the donation coupon in this Clarion. Thank you!
Kathy Maxwell, UC Finance Chair, 2021-2022
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