OLLI@SCU Newsletter
February 2014 Volume 2, Issue 6 Editor:
newsletter
Carol Lindsay
Contributing Reporters: Monica David Ron Lindsay Laurie Pines
Inside this Issue
OLLI News & Upcoming Events The Director’s Corner Sustaining OLLI@SCU
OLLI NEWS & UPCOMING EVENTS The Director’s Corner Donor Recognition Membership Report Welcome New Members The Nun Study OLLI@SCU Travel Program Volunteer Corner Special Interest Groups (SIGs)
SCU CAMPUS EVENTS de Saisset Museum Ignation Center –Bannan Institute SCU*Presents The Forge Garden SCU Library Markkula Center for Applied Ethics SCU Presents
February Events OLLI Staff
I’m sure you’ve all heard the buzz about “social networks,” usually referring to the technologybased offerings like Facebook, Snapchat and Twitter. We all know, however, OLLI is “the best” social network, real people who care about learning, experiencing life to the fullest, going on local adventures and caring for one another. We all have enjoyed experiences, new friends, and new places that would not have been possible without OLLI. I could go on, but I am sure you understand. This year we ask for you to join in helping to secure OLLI’s future by strengthening its endowment. An endowment is a financial instrument where the principal amount (a donation) is preserved and the annual earnings (interest) on that donation are available for the organization’s operating budget. The beauty of an endowment is that the original gift is preserved for as long as the organization exists. It’s truly a gift that keeps on giving.
manage expenses, OLLI’s long-term success is best enabled by a robust endowment, and that is where each and every OLLI member can help by contributing to our annual fundraising campaign.
The fundraising goal of OLLI@SCU for the academic year 2013-2014 is twofold. First is to seek a minimum donation of $25 from each of our members. The second is to find 100 members who will donate $1000 which is the basis for our Leadership Circle. The overall purpose of our fundraising effort is to simply build our current endowment so that we remain an affordable community outreach organization that will continue to enrich the lives of our OLLI members for generations to come.
Some OLLI members are of the opinion that the Osher Foundation’s initial endowment has made our OLLI financially sustainable. While it has made us financially stronger, we are far from being sustainable. For as long as I have been affiliated with OLLI, the Program has never generated enough revenue from membership dues and course fees alone to cover its operating expenses and staff salaries. While our Council continues to
February 2014
Page 1