I was looking at the number for 2008, our first year of operation, and have to say am pretty impressed with what we have all accomplished.
- We raised $112,000 with another $67,000 in future commitments
- 162 donors helped us reach our first year goal.
- We were able to offer 42 high school scholarships and one university scholarship to bright students who otherwise would not be attending school this year.
- We held our administrative cost to 16% of dollars raised, 10% if you include the future commitments. This years administrative cost included the cost of setting up our 501 C (3) and building our web site.
We hope to be able to be able to offer another 50 scholarships this year and are off to a good start toward that goal.
Thank you all so much for making this possible.
Rod
Labels: EFAC Progress





