The purpose of the PRO IVC 2013-2014 Campaign is to raise funds to support programs that benefit the students, faculty, administration, and staff of Irvine Valley College. The IVC Foundation will be contributing a "Funding Match" to each Project that participates in the PRO IVC Campaign. For 2013-2014, the Foundation will match 33.3% of all money raised and received by the Foundation offices, up to $100,000 total.
The PRO IVC Campaign for 2013-2014 will begin on October 1, 2013 and end on May 23, 2014. All funds pledged and donated are due to the IVC Foundation by 5:00PM May 23, 2014. This is extended past the deadline in previous years because we are using online websites for fundraising which allows participation for a longer period of time.
All funds collected for projects during the Campaign and paid by May 23, 2014, will receive a Funding Match from the IVC Foundation.
To maximize the Funding Match for each Participating Project the "Match" will consist of two components of 50% each of the final matching total.
Component A - Each Participating Project will receive an equal share of 50% of the total matched (but not to exceed the amount of funds collected for your project).
Component B - Each Participating Project will receive a Pro-rata share of 50% of the total matched (but not to exceed the amount of funds collected for your project ) as a percentage of the total funds collected from all the Participating Projects.
In 2013, projects that raised up to $715.50 received a dollar for dollar match by the IVC Foundation, with 78 project teams participating. This year the numbers will vary, but this amount is a good indication of what will happen based on previous performance over the years. The largest amount distributed in 2013 was $9,805.78. The total matching amount distributed was $68,168.
The IVC Foundation will complete the final reconciliation of the pledged funds collected for each project and provide a final tally to all participants by June 30, 2014. The funding "Match" will be distributed to all participant accounts by July 31, 2014. If you need access to your funds for scholarships, or other expenses before the July 31st date, please contact the Foundation offices for information at 949-451-5290 and speak with either Karen Orlando or Denise Sonnenberg.