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Annual Report2018.Pdf 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. Dear Educational Advancement Foundations Members and Supporters, As a Foundation committed to promote lifelong learning, we have much to celebrate as we close our 4th year of Launching New Dimensions of Educational Excellence®! I am personally very proud of the strong support of our dedicated members, community advocates and sponsors in advancing the mission of the Educational Advancement Foundation®. I am delighted to report that 2017 concluded a year of continued growth as EAF® achieved targeted goals established over the past 4 years. Each year we have challenged ourselves to 1) Grow the assets of the Foundation, 2) Increase the number of Corporate and Private Donors to the Foundation, 3) Grow the Capitalized Endowment portfolio and 4) Increase the number and amount of Scholarships Awarded. Thanks to each of you – the Educational Advancement Foundation has experienced a 47% increase in net assets and a 55% growth in revenues. During this time we have been able to strengthen our platform and widen our impact. Over $600,000 in scholarship and community assistance grants were awarded during 2017 to 320 students and 7 community organizations. This brings our historical total to over $5 million awarded since our founding in 1980. EAF’s impact is also measured by the number of fully capitalized endowments managed by the Foundation. The endowment program encourages and supports leaving a lasting legacy with which to award scholarships in perpetuity. These legacy endowments are the roots which will fuel the EAF mission well into the future. Our total number of managed endowments were 342 with the number of endowments which consistently provide financial assistance to college students reaching 222, which was a 9% increase over the 203 in 2016. Over the past four years, the number of capitalized endowments increased from 160 to 222. Our foundation also saw a significant increase in membership engagement. We ended 2017 with a membership base of over 72,500 members which was an 8.3% increase over 2016. Chapters within Alpha Kappa Alpha Sorority, Inc.® continued to strongly support EAF contributing over $367,000 during 2017, compared to $300,000 the prior year. We have been driven to diligent stewardship of Foundation resources, enhancing member and donor engagement through new endowment initiatives, and sustaining impactful philanthropy to those pursuing higher educational goals. On behalf of the Board of Directors and staff of the Educational Advancement Foundation®, we offer our deepest gratitude for your continued outstanding support as we continue Launching New Dimensions of Educational Excellence. Dorothy Buckhanan Wilson, President Alpha Kappa Alpha Educational Advancement Foundation, Inc. Endowment Programs The EAF® offers members, organizations and corporations an excellent opportunity to leave a lasting legacy through our Endowment Program. Endowments are contributions of $20,000 or more placed into a restricted fund, administered by EAF, and used solely for scholarship awards. Only the interest and dividends are used for awards — the principal is never touched — to provide a continuous source of scholarship funds over the years. Endowment funds may be established to honor the memory a loved one or friend … to support a personal commitment … to support a specific profession … and other criteria the donor chooses. Through the specific guidelines established for awarding scholarship funds, donors can reaffirm their own personal commitments to lifelong learning. 2017 Capitalized Endowments Doris S. Parker Endowment Fund Dorothy Buckhanan Wilson Endowment for Careers in Business Adrienne Pope-Kelly Washington Endowment Fund Dorothy M. Hackney Endowed Fund Alabama HBCU Scholarship Fund Dorothy Reid Arnold Scholarship Fund Alberta G. Jones Endowment Fund Dorothy S. Johnson Endowment Fund Alice Boyd Burton Alpha Rho Omega Merit Scholarship Fund Dr. Mabel Bentley Perry & Dr. Claude Albert Perry Sr. Endowed Alice S. Marriott Scholarship Fund Education Scholarship Alice Thomas Motts Trust Scholarship Fund Dr. Rodelia A. Glasco Endowed Fund Alpha Kappa Alpha Founders Fund Dr. Shirley A. Jackson Scholarship Fund Alpha Kappa Alpha Incorporators Fund E. Alma Flagg-Caroline Williams Endowed Fund Alpha Lambda Omega Endowment Fund Edna Smoot Griffin Scholarship Alpha Pi Wolfe Sisters: Nellie Gaylord, Ida Ross, Marjorie L. Ushery Ella Springs Jones EAF Scholarship Fund Ann Colbert Battles Endowment Fund The ELO Foundation Scholarship Fund Ann Elizabeth Laury Jones Scholarship Fund Elsie Lavonne Lewis Scholarship Fund Anne Mitchem Davis Endowment Fund Epsilon Nu Omega Endowment Fund The Barbara Denson Trotter Endowment Erma W. Barron Endowment Fund Barbara K. Phillips Endowment Fund Ernestine B. Bivens and Dr. Mabel B. Perry Endowed Fund Barbara W. Davis Endowed Fund Ethel Hedgemon Lyle Leadership Fund Barbara A. McKinzie/Naomi Moses Scholarship Fund Ethel Jones Mowbray Endowed Fund Bernice Gordon Greene Educational Leadership Endowment Fund Eta Upsilon Omega Endowed Scholarship Fund Bernice I. Sumlin EAF Scholarship Fund Evelyn Sample-Oates H.O.P.E Scholarship Fund Beta Epsilon Omega Scholarship Fund Faye B. Bryant Excellence Scholarship Fund Beta Kappa Omega Endowment Fund Felicia Marianne Wright Endowed Scholarship Fund C. Connor and O. Brown Endowment Fund Flossie M. Dedmond Educational Fund Dr. C. Edith Booker Endowed Scholarship Fund Frankie E. Ledbetter Scholarship Fund Capturing The Promise Dr. Franzella W. Buchanan Scholarship Fund Capture the Promise Fellowship Freddie Groomes-McLendon Scholarship Carmelita Caruth Smith Post Graduate Endowment For Women Frederica Wilson Endowed Fund Carmen E. Fowler Fair Scholarship Fund Gamma Omega/Alberta Gantt/Mattie Harvey Scholarship Carol R. and Otwa L. Dixon Scholarship Fund Gamma Rho Omega Chapter Scholarship Carolyn House Stewart Endowment Fund Sorors of Gamma Theta Omega Chapter Scholarship Fund Caroline L. Lattimore Endowment Fund Georgia Gross Kirby Memorial Scholarship Fund Central Beard Haley King Endowment Fund Giselé M. Casanova Endowment Fund Charlene Truitt Nelson Endowed Scholarship Fund Dr. Glenda Baskin Glover Endowment Fund Chelle Luper Wilson Endowment Fund Gloria Harper Dickinson International Travel Endowment Chi Alpha Omega Endowment Fund Grace Strauther Endowment Fund Clara McCrae Hines Scholarship Fund Green-Alpha Beta-Communications Fund Claronelle Smith Griffin Endowment Fund Gwendolyn & Schylbea J. Hopkins Endowment Fund Claudia Silas Scholarship Fund Gwendolyn Gaston Brinkley Scholarship Fund Constance K. Holland Endowment Fund Gwendolyn Gilbert Shorter EAF Scholarship Cynthia Duke Cox Hudley Endowment Fund Gwendolyn J. Brinkley Endowment Fund Cynthia J. Thomas Finch Endowment Fund Harriet Josephine Terry Scholarship Dansby Family Scholarship Fund Hattie B. Wills Endowed Scholarship Fund Dr. Christina R. Brown/Dr. Marva Mizell Price/Dr. LeShawndra N. Price Helen Cromer Cooper Endowment Fund Endowed Legacy Scholarship Hilda Wilder Scholarship Fund Anonymous Scholarship Fund Ida L. Jackson Scholarship Fund Deborah C. and Lindsey E. Brittain Endowment Fund Ida K. Martin Endowed Scholarship Fund Delta Epsilon Omega Chapter Endowed Fund Idell S. Pugh Endowment Fund Delta Phi Omega Bea Bailey Scholarship Fund Imani Pearls Community Development Foundation Scholarship Delta Tau Omega-Dorothy Kennedy and L. Margaret Groves Keepers Irene Westbrooks McCollom Endowment Fund of the Dream Scholarship Fund Iota Zeta Omega Scholarship Denise Foster-Williams Fund J. Marjory Jackson Performing Arts Scholarship Deralyn Riles Davis Endowment Fund Jacqueline O. Dansby Endowment Fund Diana G. Shipley Endowment Fund Jacqueline & Philip Kane Endowed Fund Doris (Dee) Kemp Endowed Scholarship Fund Jameseva Marshall Webb Endowment Fund Doris R. Asbury Endowment Fund Janet Jones Ballard Endowed Fund Jenell Ross Entrepreneurial Fund Pearl L. Harrison Fine Arts Endowed Funds Jessie Reasor Zander Endowment Fund Peggy Lewis LeCompte Endowment Fund Jo Celeste Pettway Endowment Fund Phi Kappa Omega Chapter EAF Scholarship Fund John and Bella Russell Honorarium Endowment Phi Phi Omega Scholarship Johnella H. Martin Educational Endowment Fund Pi Alpha Omega Chapter EAF Endowed Scholarship Fund Jones/Holloway/Rigsby Endowment Fund Dr. Polly Sparks Turner Health Professions Endowment Fund Joy Elaine Daley Endowment Fund Rachel Ashburn Mallory Undergraduate Leadership Development Joyce Henderson Endowment Fund Scholarship Fund Joyce V. Austin Scholarship Fund Rho Pi Omega Sisterhood of Service Endowment Fund Juanita Sims Doty Endowed Fund Rho Zeta Omega Chapter Endowed Fund Kathleen Hill Dyer Fellowship Fund Rita White Roberts Scholarship Fund Kappa Omega Endowment Fund Rose Butler Brown Endowed Fund Katina Semien Political Science & Pre-Law Scholarship Ruby Batts Archie Endowment Fund Kathy Walker Steele Endowment Fund Ruth Coleman Endowed Scholarship Lambda Alpha Omega Endowed Fund Ruth C. Easley Gerontology Scholarship Fund Larry & Carolyn Suarez Fund for Business and Entrepreneurship Sadie Sermon Mickle Larzette G. Hale Wilson/Eva L. Evans Endowment Fund Hortense Caldwell-Harvey Endowment Scholarship Fund LaVern S. Tarkington Endowment Fund Sarah R. Simmons EAF Endowment in Memory of Jayne Doctor Laverna Williams Johnson Endowed Scholarship Fund
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