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ALLE-KISKI SOCIETY

 

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Third Monday, 6:30 p.m.

NEXT MEETING:
6:30 p.m., Monday, May 19
Elks Club, Sixth Avenue, Tarentum, Pa.

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Alle-Kiski Society continues to take up the gauntlet

Additional $7,500 gift increases scholarship endowment to $85,000

After taking up the gauntlet to increase its scholarship endowments by 50 percent, the Alle-Kiski Society of the Penn State Alumni Association (PSAA) responded by slapping its own face and raising the challenge.

Four years ago, Roger Williams, executive director of the PSAA, threw down the gauntlet at the feet of campus societies and alumni chapters throughout the Penn State system. The challenge was for each alumni group to add 50 percent to its current scholarship endowment by June 2014, the end of the seven-year For the Future campaign.

Last June, the society fulfilled its $26,000 pledge, increasing its scholarship from $51,000 to $77,000, a year ahead of schedule. At its February meeting, the society donated an additional $7,500 to the endowment, effectively upping the principal by 66 percent. Using the proceeds from the alumni golf tournament in August, the society, which is based at Penn State New Kensington, was able to give the New Kensington campus a total of $34,000 for student upperclassmen scholarships, ballooning the scholarship principal to $85,000.

“We are pleased to continue our support of the students at Penn State New Kensington,” said Vera Spina, vice president of the society. "With the increase in the endowment, we will help even more local students achieve academic success.”

The “Alle-Kiski Society Endowed Scholarship” was established in 1992 at Penn State New Kensington with an initial principal of $15,000. Six years later, it was fully endowed at $25,000. Endowed gifts are held by the University in perpetuity. The initial gift is invested and only a portion of the average annual investment return is spent. The remaining income is added to the principal as protection against inflation. The first campus recipient, Pat Neil, received a $500 scholarship. This year, the society awarded $3,600 in scholarships to three New Kensington campus students -- Joshua Swinehart of Spring Church; Jennifer Phillips of Vandergrift; and Caitlyn Cody of Leechburg.

Since 1998, the Alle-Kiski Society has awarded $36,000 to 45 students. In addition to fundraising, the Alle-Kiski Society engages in various campus projects throughout the year, interacting with former and current students by sponsoring social events and other networking activities.

“I couldn’t be more proud of the students of Penn State New Kensington and the individuals that give so much of themselves to our organization,“ said Spina, who attended the campus before earning a journalism degree at Penn State University Park.

During the "For the Future" campaign, a University-wide effort to raise $2 billion, the society has donated more than $45,000 to the campus. In addition to its scholarship largesse, the alumni organization, which comprises Penn State graduates from the New Kensington and University Park campuses, made a $10,000 gift to campus athletics for equipment for the cardiovascular fitness room. The society also sponsors a reception for more than 100 campus students and their families for their accomplishments at the annual Academic and Student Achievement Awards ceremony.

Alumni are encouraged to connect with fellow Penn Staters at the society’s monthly meetings held 6:30 p.m. on the third Monday of the month at the campus or at an off-campus venue. The next meeting is set for March 17 at the Elks Club on Sixth Avenue in Tarentum, Pa.

For more about alumni activities, contact Bill Woodard, campus liaison, at 724-334-6049 or uxw1@psu.edu

 

 

Lion and alumn 
The Lion greets alumni and friends at the 2012 Alumni Golf Scramble.
The event raised a record $9,400 that helped AKS fulfill its pledge a year early

ALLE-KISKI SOCIETY FULFILLS $26,000 PLEDGE A YEAR AHEAD OF SCHEDULE
Alumni group increases its scholarship endowment to $77,000

Drawing upon the receipts from its record-breaking bowl-a-thon and alumni golf scramble, the Alle-Kiski Society of the Penn State Alumni Association fulfilled its $26,000 pledge to the For the Future campaign, a year ahead of schedule.The society made the final installment of $12,000 at its June meeting. The donation increases the principle of its Alle-Kiski Society Endowed Scholarship from $51,000 to $77,000. Profits of $9,400 from the 2012 scramble and $6,000 from the April bowl-a-thon fueled the early closing of the pledge. The philanthropic action was a response to a request by Roger Williams, executive director of the Penn State Alumni Association, for local alumni chapters and campus societies to accelerate the growth of their individual endowments during the University's fundraising effort, "For the Future: The Campaign for Penn State Students." The Alle-Kiski Society is believed to be the first alumni group to complete its commitment.

The society’s scholarship was established in 1992 at Penn State New Kensington with an initial principal of $15,000. Six years later, it was fully endowed at $25,000. Endowed gifts are held by the University in perpetuity. The initial gift is invested and only a portion of the average annual investment return is spent. The remaining income is added to the principal as protection against inflation. The first campus recipient, Pat Neil, received a $500 scholarship. This year, the society awarded $3,600 in scholarships to three New Kensington campus students – Joshua Swinehart of Spring Church; Jennifer Phillips of Vandergrift; and Caitlyn Cody of Leechburg. Since 1998, the Alle-Kiski Society has awarded $36,000 to 45 students.

In addition to fundraising, the Alle-Kiski Society engages in various campus projects throughout the year, interacting with former and current students by sponsoring social events and other networking activities. During the spring semester, the society donated $500 for a reception that recognized more than 100 campus students for their academic and extracurricular accomplishments and hosted an alumni social after a New Kensington Lions basketball game. Alumni are encouraged to connect with fellow Penn Staters at the society’s monthly meetings held 6:30 p.m. on the third Monday of the month at the campus or at off-campus venue. The next meeting is set for Aug. 19 at Rocco’s Bar n Grill on Sixth Avenue in Tarentum, Pa. For more about alumni activities, contact Bill Woodard, campus liaison, at 724-334-6049 or uxw1@psu.edu

 

AKS Officers 2013-15
 President  Tim Oberlin '00  tsoberlin@yahoo.com
 Vice President  Vera Spina '03  veras03@yahoo.com
 Secretary  Kristi Stiegler '99  ladylion122@yahoo.com
 Treasurer  Ashley Traini '05  Amazur828@hotmail.com

 Campus Liaison

 Bill Woodard  uxw1@psu.edu

 

AKS Board of Directors 2013-15

 Barb Arnold '82, '85, '89  bja@nb.net

 Laura Kelly '99

 lauralynnkelly@yahoo.com

 Kerry Kelly '99 (Immediate Past President)  kerryakellyjr@yahoo.com
 Linda Petitta  lpetitta@worldnet.att.net
 Michelle Polimadei '89  michellepolimadei@email.com

 Michael Sawhook '82

 msawhook@yahoo.com

 Katie Shoemaker '11

 kshoemaker511@yahoo.com
 John Spadaro '82  jspad@verizon.net
 Kristin Swierczewski ‘91  celinedion5@comcast.net
 Janet Valasek '93  janetvalasek@verizon.net

 Gretchen Toy '11

 gretchen.toy@gmail.com

 Lorri Wildi '85

 lswildi@comcast.net

 

 

 

 

Office of Alumni and Public Relations
Bill Woodard, Alumni and Public Relations Specialist
724-334-6049
uxw1@psu.edu
147 Conference Center