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Contributed by Chris Biehn on 07/24/2012
I want to share with the rest of campus that, starting with this new fiscal year, the Ithaca Fund will be renamed the Ithaca College Annual Fund or, as you will often see it, the IC Annual Fund.
Our intention is to grow the IC Annual Fund to significantly increase the operating revenue available to support the budget as well as special new initiatives. The impact of these gifts can be dramatic. For example, a $1 million annual fund has the same purchasing power as a $25 million endowment. It is our hope to reach the $1 million mark by fiscal year 2014 and develop a plan for further growth after that.
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