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Annualreport Interactive-2016.Pdf Table of Contents I. Executive Report II. Programs III. Impact IV. Financials V. Leadership and Staff VI. Donors Our Mission – The mission of the Alpha Kappa Alpha Educational Advancement Foundation, Inc. is to promote lifelong learning. This is accomplished by securing charitable contributions, gifts and endowed funds to award scholarships, fellowships and grants. Message from Our Board President I am honored to present the 2016 Annual Report of the activities of the Educational Advancement Foundation, Inc. I am proud to share this overview of the many accomplishments that were achieved. Our Board focus remains on four priorities: 1) Growth of Foundation Assets, 2) Growth of Corporate and Private Donors, 3) Growth of Capitalized Endowments and 4) Growth of Scholarships Awarded. These priorities are in line with our goals, our four-year strategic plan, and the demonstrated need of our communities. During 2016 we increased membership engagement through chapter and individual donor initiatives. Our membership base swelled to over 66,953 members, the largest to date, which was a 4% increase over 2015, and Alpha Kappa Alpha Sorority, Inc. chapters contributed almost $300,000 to the Foundation, compared to $236,000 the prior year. Successful implementation of our program initiatives via chapter contests, regional themes and individual appeals, resulted in growth in all targeted areas. Our Foundation awarded over $532,800 to 430 graduate, undergraduate and college bound students and over $20,000 to 13 community organizations throughout the year. This is a 63% increase over the 263 scholarships awarded during 2015. The EAF Corporate Office received, sorted and processed over 1,000 scholarship applications. With expanded and improved scholarship application processing, effective volunteer engagement and public awareness, we are able to widen our impact and help more students achieve their educational goals. Strong Board of Director participation and support provided the framework for expansion of our corporate and private donor base, endowment pool, and unrestricted assets. The Foundation’s financial position experienced steady growth, ending the year with over $11.4 million in Net Assets versus $10.2 million in 2015. The number of fully capitalized endowments which can award scholarships hit a record 203, which was a 12% increase over the number managed in 2015. The endowment program is integral to the Foundation’s mission to support and promote lifelong learning. In 2017 our key priorities will remain: 1) Diligent stewardship of Foundation resources, 2) Enhanced member and donor engagement through new endowment initiatives, and 3) Sustained impactful philanthropy to those aspiring to higher educational achievements. I invite you to spend time browsing our website to learn more about our mission, the communities we serve and the positive impacts to our students and their families. On behalf of the Board of Directors and staff of the Educational Advancement Foundation, we offer our sincerest thanks for joining us as we Launch New Dimensions of Educational Excellence. Dorothy Buckhanan Wilson President, Alpha Kappa Alpha Educational Advancement Foundation, Inc. Section Cover Page Quote from Student Programs 2016 ENDOWMENTS ADMINISTERED BY EAF $20,000 OR MORE The Alpha Kappa Alpha Educational Advancement Foundation offers These funds add a whole new dimension to the concept of nurturing an opportunity for members, organizations and corporations to leave lifelong learning because they allow the benefactor to reaffirm his a lasting legacy through its Endowment Program. An endowment is a or her commitment to a particular niche in education, by establishing restricted, invested fund from which the interest and dividends earned specific criteria and guidelines for awarding the funds. Endowments and are used for scholarships awards. The principal is never touched, thereby fellowships are also an excellent way for donors to honor the memory of providing a scholarship “nest egg” for years to come. Special donor a friend or loved one. stipulations may be used to establish the fund to support a personal commitment, honor a loved one or support a specific profession. • Adrienne Pope-Kelly Washington Endowment Fund • Denise Foster-Williams Fund • Grace Strauther Endowment Fund • Alabama HBCU Scholarship Fund • Deralyn Riles Davis Endowment Fund • Green-Alpha Beta-Communications Fund • Alberta G. Jones Endowment Fund • Diana G. Shipley Endowment Fund • Alice Boyd Burton Alpha Rho Omega Merit Scholarship • Doris (Dee) Kemp Endowed Scholarship Fund Fund • Doris R. Asbury Endowment Fund • Gwendolyn & Schylbea J. Hopkins Endowment Fund • Alice S. Marriott Scholarship Fund • Doris S. Parker Endowment Fund • Gwendolyn Gaston Brinkley Scholarship Fund • Alice Thomas Motts Trust Scholarship Fund • Dorothy Buckhanan Wilson Endowment for Careers in • Gwendolyn Gilbert Shorter EAF Scholarship • Alpha Lambda Omega Endowment Fund Business • Gwendolyn J. Brinkley Endowment Fund • Alpha Pi Wolfe Sisters: Nellie Gaylord, Ida Ross, • Dorothy M. Hackney Endowed Fund • Harriet Josephine Terry Scholarship Marjorie L. Ushery • Dorothy Reid Arnold Scholarship Fund • Hattie B. Wills Endowed Scholarship Fund • Ann Colbert Battles Endowment Fund • Dorothy S. Johnson Endowment Fund • Helen Cromer Cooper Endowment Fund • Ann Elizabeth Laury Jones Scholarship Fund • Dr. Mabel Bentley Perry & Dr. Claude Albert Perry Sr. • Hilda Wilder Scholarship Fund • Anne Mitchem Davis Endowment Fund Endowed Education Scholarship • Ida L. Jackson Scholarship • The Barbara Denson Trotter Endowment • Dr. Rodelia A. Glasco Endowed Fund Fund • Barbara K. Phillips Endowment Fund • Dr. Shirley A. Jackson Scholarship Fund • Ida K. Martin • Barbara W. Davis Endowed Fund • E. Alma Flagg-Caroline Williams Endowed Fund Endowed • Barbara A. McKinzie/Naomi Moses Scholarship Fund • Edna Smoot Griffin Scholarship • Bernice I. Sumlin EAF Scholarship Fund • Ella Springs Jones EAF Scholarship Fund • Beta Epsilon Omega Scholarship Fund • The ELO Foundation Scholarship Fund • C. Connor and O. Brown Endowment Fund • Elsie Lavonne Lewis Scholarship Fund • Dr. C. Edith Booker Endowed Scholarship Fund • Epsilon Nu Omega Endowment Fund • Capturing The Promise • Erma W. Barron Endowment Fund • Capture the Promise Fellowship • Ernestine B. Bivens and Dr. Mabel B. Perry Endowed • Carmelita Caruth Smith Post Graduate Endowment For Fund Women • Ethel Jones Mowbray Endowed Fund • Carmen E. Fowler Fair Scholarship Fund • Evelyn Sample-Oates H.O.P.E Scholarship Fund • Carolyn House Stewart Endowment Fund • Faye B. Bryant Excellence Scholarship Fund • Caroline L. Lattimore Endowment Fund • Felicia Marianne Wright Endowed Scholarship • Central Beard Haley King Endowment Fund Fund • Charlene Truitt Nelson Endowed Scholarhsip Fund • Flossie M. Dedmond Educational Fund • Chelle Luper Wilson Endowment Fund • Frankie E. Ledbetter Scholarship Fund • Chi Alpha Omega Endowment Fund • Freddie Groomes-McLendon Scholarship • Clara McCrae Hines Scholarship Fund • Frederica Wilson Endowed Fund • Claronelle Smith Griffin Endowment Fund • Gamma Omega/Alberta Gantt/Mattie Harvey • Claudia Silas Scholarship Fund Scholarship • Constance K. Holland Endowment Fund • Gamma Rho Omega Chapter Scholoarship • Cynthia Duke Cox Hudley Endowment Fund • Sorors of Gamma Theta Omega Chapter • Cynthia J. Thomas Finch Endowment Fund Scholarhip Fund • Anonymous Scholarship Fund • Georgia Gross Kirby Memorial Scholarship • Deborah C. and Lindsey E. Brittain Endowment Fund Fund • Delta Epsilon Omega Chapter Endowed Fund • Giselé M. Casanova Endowment Fund • Delta Phi Omega Bea Bailey Scholarship Fund • Dr. Glenda Baskin Glover Endowmend Fund • Delta Tau Omega-Dorothy Kennedy and L. Margaret • Gloria Harper Dickinson International Travel Groves Keepers of the Dream Scholarship Fund Endowment 2016 ENDOWMENTS ADMINISTERED BY EAF $20,000 OR MORE Scholarship Fund • Marjorie H. & Franka H. Young Scholarship Fund • Rachel Ashburn Mallory Undergraduate Leadership • Idell S. Pugh Endowment Fund • Marsha Lewis Brown Endowment Fund Development Scholarship Fund • Imani Pearls Community Development Foundation • Marva J. Lee Endowment Fund • Rho Pi Omega Sisterhood of Service Endowment Fund Scholarship • Mary B. Conner Educational Endowment • Rita White Roberts Scholarship Fund • Irene Westbrooks McCollom Endowment Fund • Mary Shy Scott Arts Endowment Fund • Rose Butler Brown Endowed Fund • Iota Zeta Omega Scholarship • Mary F.Williams Teacher Education Scholarship Fund • Ruby Batts Archie Endowment Fund • J. Marjory Jackson Performing Arts Scholarship • Marye Jeffries Endowment Fund • Ruth Coleman Endowed Scholarship • Jacqueline & Philip Kane Endowed Fund • Mary Louise Williams Scholarship Endowment Fund • Ruth C. Easley Gerontology Scholarship Fund • Janet Jones Ballard Endowed Fund • Mattelia Grays-Julia Purnell Endowment Fund • “Sadie Sermon Mickle • Jenell Ross Entrepreneurial Fund • M. L. Matthew Legacy Fund For Excellent Scholarly • Hortense Caldwell-Harvey Endowment Scholarship • Jessie Reasor Zander Endowment Fund Performance Fund” • Jo Celeste Pettway Endowment Fund • Maxine L. Black Endowed Scholarship Fund • Sarah R. Simmons EAF Endowment in Memory of Jayne • John and Bella Russell Honorarium Endowment • Melanie C. Jones South Eastern Regaion Undergraduate Doctor • Johnella H. Martin Educational Endowment Fund Endowment • Dr. Savanah C. Jones Scholarship Endowment Fund • Jones/Holloway/Rigsby Endowment Fund • Meredith L. Henderson Endowment Fund • Sharon
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