PRO IVC 2012-2013 Campaign Update
The IVC Foundation launched the 2012-2013 PRO IVC Campaign November 1, 2013.
The best way for you to raise money for your campus programs and for student scholarships is to use the online PRO IVC website, www.proivc.org.
You can set up a page for your department, team, club or other organization. Using the social media software provided to you by the IVC Foundation, you can use the power of the internet to raise money for your particular fund. Please contact Denise Sonnenberg at x5290 for assistance in setting up your PRO IVC online giving page.
The IVC Foundation will provide a 33% dollar match of all funds raised, up to a maximum total amount of matching funds of $100,000.
Formula for Distribution of the Match
The total amount to be distributed on April 30, 2013 will be divided in half. One half of the money to be distributed will be divided by the number of account holder participants. This amount will be distributed to each account (but not to exceed the total amount collected for your fund). In 2012, this amount was $485, based on 91 participants. It is likely to be around the same amount for 2013.
The second half of the amount to be distributed will be calculated on a pro-rata basis using a percentage of each account’s amount raised to the total, thus rewarding those who raise more money.
This "two level" distribution makes the match an incentive and makes the distribution more equitable to all accounts, even the smaller account funds.
However, due to the match being predicated on the total amount raised, it is not possible until the campaign closes to announce how much might be deposited into any account.
All campaign funds must be deposited with the IVC Foundation no later than close of business April 30, 2013. The match will be calculated and distributed shortly after the close of the campaign.
Call the IVC Foundation at x5290 for further information.