What is a campaign?
Campaigns are not business as usual. They are extraordinary. Our Campaign is a platform for Siena to move the strategic plan of the College forward by making investments in key areas.
Why name the Campaign Living Our Tradition: The Campaign for Siena College?
Each of us is connected to Siena College through shared experiences or traditions still alive and well today. From a beginning with seven friars in 1937, today’s students are products of the traditions we learned, loved and carry with us. By looking to our future while living the traditions of our past, Siena College is poised for extraordinary success.
What is the timeframe for Living Our Tradition: The Campaign for Siena College?
Living Our Tradition: The Campaign for Siena College began with the Trustees in June 2011. During this “silent phase,” the Trustees and Associate Trustees committed over $17 million to the Campaign.
What is the difference between a Capital Campaign and a Comprehensive Campaign?
A capital campaign is generally only to raise funds for a building project. A comprehensive campaign raises money for select academic programs and buildings in addition to annual unrestricted gifts like Siena’s Annual Fund and Saints Alive! Athletic Fund.
What is the difference between a restricted gift and an unrestricted gift?
As the names imply, a restricted gift must be used for the specific purpose it was given. For example, a scholarship must be used to help a student(s) defray the costs of attending Siena. Sometimes these scholarship are further restricted (e.g., a specific major). Unrestricted gifts, like the Annual Fund and Saints Alive! Athletic Fund, can be used by the College in any way that the College sees fit.
What is an endowment?
The endowment is meant to provide the College with a source of funds in perpetuity (read that FOREVER).
Think of an endowment as the College’s savings. We don’t touch the savings without Board of Trustee approval. We only spend the earnings on the endowment.
Some portions of the endowment are restricted and can only be used for certain purposes. An example would be a scholarship or an academic program (e.g., the Siena/Albany Medical College program or the Lewis Golub Executive Lecture Series).
Siena College’s Board of Trustees decides on a formula that dictates how much of the earnings the College can spend each year. It works out to be about 5% of the endowment. The actual math is more complicated. Here is how it works:
Average May 31st balance for the past three fiscal years multiplied by 5% = current annual spending from the endowment.
Are scholarships endowments?
Yes! They provide the College with a source of funds in perpetuity (read that FOREVER).
How can I support Living Our Tradition: The Campaign for Siena College?
Complete the “Schedule A Visit” form on this website or call 518-782-6919 to work directly with a representative from Siena.
Your gift can be made online, by check or transfer of securities. For more information, call 518-783-2432 or email at email@example.com.
How does the Annual Fund fit into the comprehensive campaign?
Unrestricted Annual Fund giving is a part of the campaign. This is what makes it a “comprehensive” campaign. The majority of campaign donors will support the campaign via this method of support.
We are trying to increase the Annual Fund during the campaign by nearly 10% over the five years of the Campaign.
Does my gift help Living Our Tradition: The Campaign for Siena College if it does not support a Campaign goal?
YES. When we meet with alumni, families and friends who wish to support the Campaign, we first present the priorities of the Campaign. However, all gifts and pledges made to the College from June 1, 2011 through May 31, 2016 support Living Our Tradition: The Campaign for Siena College.
How can I make a commitment to the Campaign?
Campaign gifts can be made by multi-year pledges in three- to-five-year commitments. Additionally, recurring gifts via credit cards are an easy way to fulfill pledges automatically.
How were the Campaign priorities selected?
Living Our Tradition: The Campaign for Siena College will help with extraordinary efforts of the College, and as such the entire Siena College community (faculty, administrators, trustees, alumni, friends and family) were solicited for campaign ideas. These ideas were molded into an initial feasibility study to determine if we had the right programs/buildings that if funded, would transform Siena into a better institution of higher learning advancing the ideals of a liberal arts education rooted in our tradition as a Franciscan and Catholic institution. Once the Board of Trustees was satisfied that we had the right mix of programing and buildings, they voted to approve the campaign.
How does Reunion Giving fit into the campaign?
Reunion provides a unique opportunity for alumni to give back to Siena in honor of the anniversary of their graduation. Classes preparing to celebrate their upcoming reunion work towards a shared goal of raising funds for the Annual Fund, or on occasion, scholarships. Contributions made as part of Reunion Giving count towards the campaign.
What is a naming opportunity?
Naming opportunities honor leadership donors to the Campaign and allow them to place their name or the name of a loved one, favorite friar or professor on a building, or portion of a building or on a program as a symbol of Siena’s gratitude for the gift.
To discuss a naming opportunity, complete the “Schedule A Visit” form on this website, email firstname.lastname@example.org, or call 518-782-6919 to work directly with a representative from Siena.
What is planned giving?
Planned gifts generally fall into two categories: income producing or a delayed gift of an asset. They can be as simple as putting Siena in one’s will as a beneficiary or naming Siena the beneficiary of a life insurance policy or retirement plan.
If you are interested in exploring how you might make a planned gift to Siena, please call Jack Sise ’75, Esq., director of gift planning at 518-783-2315.
What is the St. Francis Society?
Planned giving donors become members of our St. Francis Society, which is a community of alumni, friends, faculty and staff who support the vision for Siena by including the College in their long-term financial and estate plans. Members of the St. Francis Society belong to a select group of individuals who have chosen to extend their legacies while furthering the work of Siena College.
How do we count planned gifts?
We count the net present value of the gift. If a donor aged 50 gives $100,000 cash we count that as $100,000. If the same donor names Siena the beneficiary of a $100,000 life insurance policy, we would count that as $10,000 in the Campaign. If they were 60 years old we would count that as $40,000. Therefore, the older one is, the more a planned gift will count. At 80 years of age we will count the planned gift the same as cash or 100%.