NB38: Forty Nine & Fabulous
The Morgan State University Foundation, Inc. is a separately incorporated non-profit organized for the purpose of promoting the growth, progress, and general welfare of Morgan State University. Gifts to the Morgan State University Foundation are tax deductible to the extent allowed by law.
Grow the Future, Lead the World.
The Growing the Future Opportunity Fund will provide support for students overcoming financial barriers through emergency assistance and grants that create a path that leads to lifetime benefits and personal well-being. We invite you to join with us in the commitment to remove any barriers which may threaten our students’ success and bymaking a giftto the The Growing the Future Opportunity Fund.
As we work to advance our mission and provide our students with the education they deserve in new ways, we will once again understand the powerful force of the generosity of our extraordinary alumni and friends.
Our Beloved Delta Sigma Theta Sorority, Inc. since its founding has created programming to improve political, education, and social and economic conditions, particularly within black communities. The sorority collaborates with community organizations and corporations to further its programming goals. As a part of New Birth 38's 50th Deltaversary Celebration 2023, Line Sisters voted as a part of our service to join with our own Alpha Gamma Chapter Endowment Fund in contributing $25,000 to our National Treasure and HBCU Morgan State University in making a donation to Morgan’s Scholarship Foundation Fund. Sands would work to obtain our goal through personal donations and fundraising efforts.
The Alpha Gamma Endowment Fund as reported by its caretaker, Lynn Knight Middleton, 21ag77f, was started in 2010 and during their first fundraising effort during homecoming $10,000 was raised. The AG endowment is managed by the University but AG are the administrators. The school manages the portfolio which is not available for viewing; but all statements come to Lynn. The Endowment is healthy, follows market trends and currently at $99,407 in which 2022 $4,073 was used for scholarships to students. Smalls loans ranging from few hundreds to around a thousand have been awarded to students in need. Lynn also reported that money contributed to the AG fund is done so in perpetuity (no fixed maturity date); and the challenge has always been to maintain it at $100,000. The fund does accrue interest with a 2.67 return.
New Birth 38 Line Sisters will pay their donations individually towards our goal total. The MSU Foundation however prefers cashier checks or money orders to be mailed to Morgan State University to receive receipts for tax purposes. It was suggested NOT to make any payments online.
During our January 22nd, Zoom Meeting the NB38 Scholarship Fund Committee under the task ownership of Debra Faucett-West prepared a letter that included a pledge card that was mailed to line sisters to respond with an expressed commitment by FEBRUARY 15, 2023. Each Line Sister will then be held responsible to save towards that amount and contribute to the fund by July 1, 2023. The NB38 Scholarship Committee will monitor and document all contributions in assessing how much has been contributed and in putting into place fund raising efforts to obtain any remaining balance. Plans are to make our contribution during Homecoming of this year in October.2023.
To Submit pledged donations:
Delta Sigma Theta, INC.
Alpha Gamma, New Birth 38 1973
Dearest Line Sisters,
After much investigation and many conversations, the following options are open for your contributions to our Alpha Gamma Scholarship Endowment.
Please return your pledge cards to Debra Faucett- West so that we can be aware of our intended pledge totals. Remember, our goal is $25,000.
Donations can be made in the following ways.
Electronically. Use this online system. www.givetomorgan.org
Payment by check and or money orders are also accepted.
They would have to be mailed to Morgan's lockbox, processed by our bank ,then posted, which obviously takes quite a bit more time.
Checks must be made payable to MSU Foundation, Inc, then make sure you include ALPHA GAMMA ENDOWMENT in memo and
MAIL to:
MSU Foundation
PO Box 64261, Baltimore, MD 21264-4261
Acknowledgements for donations by mail may take 2-3 weeks, depending on when the donation gets posted, and the USPS.
We will need for each line sister to report to the (treasurer, undesignated, as of yet) how much she has donated.
Hope this is workable for everyone,
Gretchen
THE NEW BIRTH 38
SCHOLARSHIP FUND COMMITEE
The NEW BIRTH 38 Committee will have the responsibilities of documenting, monitoring and assessing the donations pledged and submitted by Line Sisters towards our $25,000 goal. They will also take the lead on fundraising efforts to start in July 2023 towards meeting any balances to reach that goal.
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