Reed Faculty | Reed Journal

Reedies give file-breaking $5.5M to the Once-a-year Fund to assist learners by way of COVID-19.

By Chris Lydgate ’90
August 12, 2021

Donors went all in to assist Reed learners go after their scientific studies in fiscal yr 2020-21, providing a whole of $5,552,132 to the Yearly Fund—an all-time file and a impressive demonstration of philanthropy in the deal with of formidable odds.

“It’s simply remarkable to assume about the put together effort and hard work, in excess of much more than a ten years, that has introduced us to this milestone,” claimed trustee and mum or dad Konrad Alt ’81, founder of Alumni Fundraising for Reed. “Tens of countless numbers of particular person contributions from hundreds of alumni, mum or dad, school, team, trustee and pupil donors tens of hundreds of hrs of tricky work from hundreds of alumni volunteers and pupil phonathon workers and sustained leadership from the college’s trustees and alumni leaders and the unwavering assist of the college’s Development Business office staff. The total Reed neighborhood can get delight, not just in the accomplishment alone, but in the way in which it pulled alongside one another, and hung collectively, to make it occur.”

“This accomplishment would not be possible devoid of the hundreds of volunteers and the thousands of donors who contributed their time, talent, and resources to supporting the Reed community,” say Cori Savaiano ’11 and Kyndra Homuth Kennedy ’04, co-chairs of Alumni Fundraising for Reed, the group of volunteers who personally contacted more than 1,675 alumni about the study course of the 12 months.

Again in April 2020, as the coronavirus raced about the globe and the overall economy spiralled, it was not obvious no matter whether learners would be equipped to return to Reed in the tumble. Keeping in-particular person courses would require strict social-distancing, regular testing, decreased density, arduous cleaning, and unprecedented concentrations of university student support—all of which demanded considerable expenditures. These fees converged at a time when the worth of the endowment plummeted alongside with the stock sector.

Fortuitously, some 5,430 alumni, dad and mom, and mates rode to the rescue with presents to the Yearly Fund. They enabled Reed to protect the coronary heart and soul of the tutorial program—small, in-person lessons with heightened conversation in between pupils and professors—by reimagining just about every component of campus, from holding lessons in tents to turning doubles into singles.

The Annual Fund sustains learners on each and every stage of their path through Reed. The Annual Fund served the school expand the financial aid budget from $28 million in 2019-20 to $30 million in 2020-21, with 54% of learners acquiring aid. (The typical Reed grant was $43,053 in current a long time about 51% of college students have been given aid.) Annual Fund gifts supported the peer-tutoring system, the Multicultural Resource Centre, the Hauser Library, and nearly everything else at Reed.

Thank you for supporting Reed’s intellectual, ambitious, and numerous community of scholars.

Alumni, Covid-19, Money Assist, Offering Back again to Reed, Institutional