Mind the Gap
2012-2013 TALKING POINTS

GENERAL:

• Mind the Gap symbolizes the point about 60% of the way through the academic year when student tuition revenue “runs out” and gifts from alumnae start bridging the gap of educating each Mount Holyoke student

• Student tuition revenue covers 60% of the cost of a student’s education each year.  Endowment income (25%) and gifts and grants (15%) cover the rest of the cost.  Alumnae gifts help to bridge the gap

• If Mount Holyoke operated on tuition revenue alone this year, the College would shut down 60% of the way through the academic year, sometime in early March

• Our goal for Mind the Gap is to educate current students about the importance of alumnae gifts and The Mount Holyoke Fund and create a culture that emphasizes the importance of giving back

• Alumnae gifts to The Mount Holyoke Fund make up about 10% of the College’s operating budget each year

• Last year 9,461 alumnae donated $8.3 million to The Mount Holyoke Fund to support our current students

• 70% of students receive financial aid.  The College awarded $44 million in scholarship aid this year. The average student grant or scholarship award this year: $30,000

• Last year, 4,870 alumnae made gifts of $100 or less totaling $294,210. Gifts of all sizes, big and small, have a huge impact!

• Last year, 1,390 recent grads donated $163,517 to The Mount Holyoke Fund to support current students


HOW MONEY IS SPENT:

• Average cost for staff to attend federal student aid conference per attendee: $1200

• Work study wages for one student during the academic year (not federally supported): $2100

• Cost to provide M&Cs each night: $400

• Cost of MHC’s monthly electric bill: $146,000 

• Cost of MHC’s monthly oil/gas bill: $151,000 

• Cost of MHC’s monthly water/sewer bill: $26,000

• Cost to operate and maintain Mead Hall for one year: $166,000

• Cost to clean one residence hall for one week: $896.  Cost to clean one residence hall for 1 year: $46,000

• Cost of one day of snow removal:  $9,000

• Cost of diplomas for Commencement:  $9,600

• Cost of ice cream on Mountain Day:  $185

• Cost of printed programs for the LEAP symposium:  $1,000

• Debt Management Support for current and former student (education and counseling): $5000

• Funding for a replacement cruiser for Campus Police: $35,000


DEPARTMENT SPECIFICS:

LIBRARY/LITS:

Cost to operate the Williston Library and LITS for one day: $25,000

SCIENCE:

Cost to maintain and update one science lab each year: $20,000

Cost of starting up a new science lab: $100,000

Cost of one simple stereo scope: $1,500+

Cost of one research quality stereo scope: $5,000+ 

Cost of one research quality compound microscope system: $50,000+

Cost to fund a Biochemistry student for summer research: $3000

KENDALL/ATHLETICS:

Cost of electricity to power Kendall for one day: $928 

Cost of electricity to power Kendall for one year: $340,000

Cost of one field hockey match: $1,460

Cost of one swim meet: $1,235

Cost of a dance performance in Kendall:  $5,400 

6 game basketballs for the Physical Education Department: $323.94

Cost to fund a student scholarship for a riding course: $575

Cost to fund a student to join her team on their spring training trip: $750

MUSIC/PERFORMING ARTS:

Cost of one guest music lecturer: $250

Cost of programs and posters for student and faculty recitals for one year: $1000

Videography equipment for the Theatre Department: $500

Drill Press to build scenery for a  theatre production: $600

Grizzly band saw to build scenery for a theatre production: $2100

Cost of new lightboard for a theatre production: $5000

Sewing machines used by students and staff to create theatre costumes: $400-700

Cost of putting on a theatre production: $6500

HISTORY:

Thesis supplies for one History student: $30

Cost per book award to outstanding History majors: $50-100

WORLD LANGUAGES:

Participation fee for local conference or symposium for Spanish/ Latin American Studies majors: $300

Honorarium for lecturer for the Spanish Department: $500

1 year Stipend for a Spanish Teaching Assistant: $3500

ART MUSEUM:

Funds one full-time January term curatorial internship at the Art Museum: $1000

Funds one student academic year curatorial internship at the Art Museum: $2150

Funds one full-time summer curatorial internship at the Art Museum: $5600

Mount Holyoke College
The Mount Holyoke Fund
Office of Advancement, 50 College Street, South Hadley, MA 01075-1485
www.mtholyoke.edu | 800-MHC-GIVE