HELLENIC UNIVERSITY CLUB OF PHILADELPHIA

Upotrofia

Indeed, giving implies doing good and doing what is noble.

Aristotle

Nicomachean Ethics

A Gift of Scholarship

Charitable giving — and the concept of giving back — have been gaining public favor in recent years throughout American society. From small personal donations for disaster relief and university alumni funds to great monetary gifts for new concert halls and medical research centers, Americans are pledging their hard-earned wealth to organizations and causes that hold special appeal to them.

So, too, are Greek-Americans. Philanthropy (filanqrwpia), after all, is a Greek word. Indeed, the Ancient Greeks were the first to embrace the concept of giving and to recognize the dilemma that faces all givers. As Aristotle wrote in his Nicomachean Ethics more than 24 centuries ago:

Anyone can give money. But to do this to the right person, to the right extent, at the right time, with the right motive, and in the right way, that is not for everyone, nor is it easy. Such goodness, therefore, is rare and praiseworthy and noble.

The Hellenic University Club of Philadelphia Scholarship Program is worthy of your charitable gift. Our organization was founded in 1936 by a small group of Greek-American professionals who set as a main objective for Club members the lifelong pursuit of learning or education. The Ancient Greeks called this pursuit Paideia (paideia), and 70 years later, Paideia continues to be the ideal to which our Club is dedicated.

Shortly after establishing the Hellenic University Club of Philadelphia, our founders also set a goal of establishing a Scholarship Fund to assist worthy Greek-American university students with financial need. The first scholarship was awarded in 1939. Today — through slow but persistent fundraising efforts — our Scholarship Fund has grown to the extent that we now give several substantial grants each spring. In the year 2004, for example, our Club awarded more than $20,000 in scholarship grants to nine undergraduate and graduate university students.

Now we are seeking to expand our Scholarship Fund to an even greater extent through appeals to members of our Club as well as to friends and supporters in the Philadelphia area. If you, too, believe in the ancient Greek concept of Paideia, and if you wish to help worthy Greek-American students further their university studies, we ask you to consider one of the following giving options.

Named Scholarship

To establish a scholarship in your name, the name of a loved one, or the name of an organization, plan to give a gift of cash or publicly-traded securities to the Hellenic University Club of Philadelphia Scholarship Fund. A $2,000 scholarship will be given each year for the number of years you designate; an Endowed Scholarship will be given in perpetuity. Funding for scholarships of $10,000 or more may be made as a single gift or over a five-year period at one of the following levels:

Endowed Scholarship $50,000 given in perpetuity (eiV to dihnekeV)
Ten-Year Scholarship $20,000
Five-Year Scholarship $10,000
One-Year Scholarship $2,000

You may specify the overall requirements for your Named Scholarship (for example, graduate or undergraduate) as well as a specific academic area (for example, the natural sciences, arts, classics, or economics/business).

Agreements for a Named Scholarship are available through the Club Treasurer.

Charitable Remainder Trust

This pays the donor (or someone designated by the donor) an income with tax benefits. When the beneficiary dies, the remainder of the trust goes to the Hellenic University Club of Philadelphia Scholarship Fund.

Matching Gift/Grant

Corporations or institutions frequently offer this type of program in which the Hellenic University Club of Philadelphia could be designated the recipient of your matched gift. Consult your company regarding this giving option.

Bequest

You may wish to name the Hellenic University Club of Philadelphia Scholarship Fund as a recipient in your will. The bequest may be cash, securities, life insurance (whole or partial), retirement plan policy, artwork, or property. The amount may qualify for one of the Named Scholarships.

Residual Bequest

The amount remaining after your estate has been settled may be bequeathed in total or by percentage to the Hellenic University Club of Philadelphia Scholarship Fund. Again, the amount may qualify for one of the Named Scholarships.

If you would like more information about the giving options listed in this brochure, contact us, and we will be pleased to discuss them with you in greater detail.

Call: 215-483-7440
Or write to us at:
Hellenic University Club of Philadelphia
Scholarship Giving
P.O. Box 42199
Philadelphia, PA 19101-2199

We will respond to your query promptly and, if you wish, we will meet with you at your convenience.

The Hellenic University Club of Philadelphia is a nonprofit, tax-exempt charitable organization and has a 501(c)(3) status under the Internal Revenue Code. Consequently, all gifts are tax deductible to the extent allowable by law. Please consult your tax, financial, or legal advisor to assist you in making the choice that is best for you.