What motivated the ARA Board to make this extraordinary giving challenge?
Inspired by the university’s historic commitment to financial aid through The Rice Investment, current and former ARA board members have come together to help launch a new era of affordability. While the core focus of the ARA Board is to engage alumni with the university and with each other, not to raise funds, they believe that The Rice Investment calls all Owls to be loyal to Rice’s legacy of supporting students from all economic backgrounds.
What is The Rice Investment?
The Rice Investment is a bold financial aid initiative that will reduce barriers for low- and middle-income families, decreasing or eliminating tuition for many talented students:
- Degree-seeking undergraduate students whose families earn less than $65,000* will receive grants that fully cover tuition, mandatory fees, and room and board.
- Students whose families earn between $65,000 and $130,000* will receive at least a full-tuition scholarship.
- Students whose families earn between $130,000 and $200,000* will receive at least a half-tuition scholarship.
- Students receiving these awards will not be required to borrow to fund their education.
*With typical assets
Your support of undergraduate scholarships through the Rice Annual Fund will provide direct support to students who qualify for The Rice Investment during the 2019-2020 academic year. These current-use contributions will support students while efforts are underway to secure long-term endowment funding.
To read more, visit envision.rice.edu/thericeinvestment.
What gifts count toward the overall goal?
All gifts to Rice from undergraduate and graduate-degree alumni on April 4 will count toward the 4,000 donor goal. No matter where you choose to designate your challenge contribution, whether to your school, residential college or the Owl Club (Athletics), your gift will have an exponential impact.
How will my gift make an impact?
While the university will rely on financial aid endowments to continually support The Rice Investment, current-use scholarships from the Rice Annual Fund play a vital role in ensuring that this important commitment to access and affordability can take effect immediately.
Your gift to the Rice Annual Fund in support of The Rice Investment will:
- Remove obstacles that prospective students — including those from middle-income families — face when considering the university.
- Attract and support a talented and economically diverse student body that results in a more dynamic community of scholars who will enrich the Rice experience.
- Ensure that our Owls have every opportunity to pursue fulfilling lives and careers without the burden of significant debt.
All gifts to Rice are welcome and will count towards the 24-Hour Challenge.
Why does my participation matter?
It will take an inspired effort from the broader Rice community to ensure the success of The Rice Investment, and every gift contributes to Rice’s legacy of supporting students of all economic backgrounds. Gifts from undergraduate alumni also count toward Rice’s annual alumni giving participation rate, which influences college rankings like U.S. News and World Report.
I made a gift, but I didn’t see the progress bar move. Did my gift count?
Rest assured, your support has been counted! We are constantly checking our gift reports throughout the day and will provide updates to the progress bar as frequently as possible. You may also call 713-348-4991 with any questions.
Do my spouse and I need to make separate gifts to be counted in the challenge?
If you and your spouse are both alumni, one gift will automatically count as two participants.
I’ve already committed to a multi-year pledge — can my gift count toward the challenge?
Yes! Make this year’s payment toward your multi-year pledge on April 4 to be counted toward the challenge goal.
My employer matches my gifts to Rice. How is their matching gift counted toward the challenge?
Each company that participates in gift-matching has different requirements for paperwork. All that you need to do is make your gift on April 4, then follow your company’s usual requirements for processing the matching gift. We’ll take care of the rest!
I’m a member of the Class of 2019. Will my donation during the 24-Hour Challenge count towards my class’ Senior Gift?
Absolutely! If you make a gift on April 4, it will also count toward the Class of 2019’s Senior Giving Campaign!
Your contribution will also enhance alumni giving participation. As a member of the Class of 2019, your gifts already count toward Rice’s alumni participation because the fiscal and academic year is not yet over. This, in turn, increases the alumni giving participation rates that improve Rice’s ranking in U.S. News and World Report (and other important publications).