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	<title>News &#187; Parents Annual Fund</title>
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		<title>Bates raises record annual funds</title>
		<link>http://www.bates.edu/news/1996/07/24/record-annual-funds/</link>
		<comments>http://www.bates.edu/news/1996/07/24/record-annual-funds/#comments</comments>
		<pubDate>Wed, 24 Jul 1996 15:58:12 +0000</pubDate>
		<dc:creator>Bates News</dc:creator>
				<category><![CDATA[Alumni and friends]]></category>
		<category><![CDATA[Bates Now]]></category>
		<category><![CDATA[Parents and families]]></category>
		<category><![CDATA[Annual Alumni Fund]]></category>
		<category><![CDATA[David Parmelee]]></category>
		<category><![CDATA[fundraising]]></category>
		<category><![CDATA[Parents Annual Fund]]></category>
		<category><![CDATA[philanthropy]]></category>

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		<description><![CDATA[Bates College fundraisers completed their year's work on a high note as both the Annual Alumni Fund and the Parents Annual Fund set new fundraising records for the 1995-96 fiscal year.]]></description>
				<content:encoded><![CDATA[<p>Bates College fundraisers completed their year&#8217;s work on a high note as both the Annual Alumni Fund and the Parents Annual Fund set new fundraising records for the 1995-96 fiscal year.</p>
<p><span id="more-17848"></span></p>
<p>Led by trustee David Parmelee &#8217;64, the Annual Alumni Fund reached an all-time high of $1.68 million, a 25 percent increase over last year&#8217;s record. Three hundred alumni volunteers joined the Annual Fund staff in increasing alumni participation by eight points to 47.3 percent, the highest level since 1989-90.</p>
<p>Mark Shriver and Dr. Patricia McKay of Atlanta, Ga., whose son Andy graduated from Bates this spring, coordinated the most successful Parents Fund in the college&#8217;s history. More than 1,000 Bates parents, past and present, contributed $258,000 to the Parents Annual Fund.</p>
<p>Overall, Bates received gifts totaling $7.6 million from a record 8,998 donors from all sources. The dollar total was raised despite the lowest bequest total since 1979. However, total gifts from alumni set a new record.</p>
<p>Also contributing to this highly successful year was $2.1 million in the form of life-income gifts, the largest amount ever received in this category at Bates. These gifts pay their donors a lifetime income and are then used for the charitable interests at Bates identified by the donors.</p>
<p>&#8220;It was a satisfying and productive year for the Bates development program and the college, which is grateful for the financial support offered and the distinctions it brings Bates,&#8221; said Ronald A. Joyce, vice president for development and alumni.</p>
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