Marblehead Dollars for Scholars

Marblehead Dollars for Scholars goals:

Increasing our cash flow to allow us to make more significant award amounts to our recipients.

Identifying areas where we can provide support and information to our students and families to navigate the college financial aid procedure.

Encouraging local businesses and individuals to consider more impactful donations to fund higher level endowed scholarships.

Long Term: Growing our investments to a level of sustainable endowment. Build our endowment through High Net worth donations from the community.

Marblehead Dollars for Scholars strategies:

Supporting the Fundraising Committee in ventures to raise capital.

Working with the High School administration and guidance counselors to visit with students in person and online to go over the financial aid forms and the application process; Providing assistance for our process with online directions to students and parents.

Implementing a High Net Worth Donor committee to seek out significant donations within the community; Identifying leaders in our community with expertise in fundraising and high level financial commitment.

Uniting with Commonfund asset management group to invest our endowment.

Marblehead Dollars for Scholars continued capabilities:

We have fundraising events at least twice a year that reach out to the community and send out solicitations twice a year to those in our database who have previously given.

We support events that are held with the intention of donating monies raised to our organization.

Our awards committees have regular contact with the High School administration throughout the school year to support the financial aid process where needed.

We seek out suggestions from our board and collaborate within committees on ways to establish a partnership with those in the community who may be willing to make significant gifts to our organization, i.e., establishing a high impact endowed scholarship.

We use social media platforms to communicate our story and help identify individuals and businesses that might be willing to support our mission.

Marblehead Dollars for Scholars progress:

We continue to administer meaningful scholarships annually to deserving recipients through a rigorous process.

Our endowed scholarships are funded by individuals in the community or associated to the community who believe in education and helping those who want to attend college but cannot afford to do so.

The list of endowed scholarships has risen to 44.

Our Run for the Fund Race and our gift card fundraiser every year are sustainable community events that grow donations as well as promote our organization in a grassroots form.

We regularly review fundraising efforts, high net worth donor information, communications, and investment benchmarks.

Roles and responsibilities are continually articulated through jour executive organization chart and our documents of position descriptions for executive offices.

Next and Long Term:

Establishing significant high impact endowed scholarships with a minimum donation of $100,000.