INFO ON HOW THE SCHOLARSHIP WORKS:
The scholarship will be awarded to a student based on the criteria set forth by the family. It will provide funds to a student based on the Foundation's payout rate, currently set at 4.4%. If the scholarship reaches the $25,000 endowed level, it will provide scholarships to students in perpetuity since the Foundation distributes only the earnings on the endowment.
**UPDATE 12.10.2012 5:00 PM**From Texas A&M Foundation below:
quote:
As of 5:00 p.m. you all have raised $8,989 for the Joey V. Fund.
The Texas A&M Foundation is a nonprofit organization that receives major gifts and manages endowments for the benefit of Texas A&M University. This year, the Foundation will provide $70 million to Texas A&M for scholarships, faculty support, leadership programs and construction projects. Request your A&M Support Kit to learn how you can make a difference at Texas A&M through a gift to the Foundation.
**UPDATE 12.10.2012 10:00 AM **From Texas A&M Foundation below:
quote:
My report shows that there have been $8,400 in online donations to support this scholarship.
Don't forget that some employers will match your donation to the Foundation! Some, like ExxonMobil, even match gifts 3:1. Check with your company's human resources department to see if they will match your gift to the Joey V. Fund.
How the scholarship works: The scholarship will be awarded to a student based on the criteria set forth by the family. It will provide funds to a student based on the Foundation's payout rate, currently set at 4.4%. If the scholarship reaches the $25,000 endowed level, it will provide scholarships to students in perpetuity since the Foundation distributes only the earnings on the endowment.
The Texas A&M Foundation is a nonprofit organization that receives major gifts and manages endowments for the benefit of Texas A&M University. This year, the Foundation will provide $70 million to Texas A&M for scholarships, faculty support, leadership programs and construction projects. Request your A&M Support Kit to learn how you can make a difference at Texas A&M through a gift to the Foundation.
**UPDATE 12.10.2012 8:45 AM **Thanks for the huge push for awareness over the weekend! We hope to have an update from the Foundation on our progress soon.
As of this update we're at 635 followers on Twitter and 270 likes on Facebook
twitter.com/JoeyVfundfacebook.com/joeyvfundjoeyvfund.blogspot.comIn the meantime, please continue to go Follow and share info on Twitter about @JoeyVfund, and be sure to use the hashtag #joeyvfund to spread the word.
On the facebook page- be sure to SHARE the link to the page by clicking on the little GEAR button next to the LIKE and MESSAGE buttons, then selecting the "Share" option from the dropdown menu so you can post it and share it with all of your Facebook friends.
For those that haven't had a chance to check it out, there is also a blog at
joeyvfund.blogspot.com with information about Joseph, and how to contribute for those that are interested! Please keep using the power of the Aggie Network to get the word out, Gig'em and God Bless!
**UPDATE 12.08.2012 2:15 PM **Hey guys and gals, BlackhillsAg has done an amazing job getting the social media aspect set up for the Joey V Fund, please take a few minutes to go FOLLOW the Twitter feed, LIKE the Facebook page, and SHARE the Blog page so we can get as much info out about the Fund and how everyone can contribute!
twitter.com/joeyvfundfacebook.com/joeyvfundjoeyvfund.blogspot.comAlso, we'll be using the hashtag #joeyvfund as well for reference. If you don't know what a hashtag is, well, you're obviously not on twitter
**UPDATE** 12.07.2012 9:36AMBelow is BlackhillsAgs post from last night around 830pm with info about moving this fund forward- just thought I'd post it here in case folks are checking this post for updates!
quote:
BlackhillsAg-
VORE!!!!
Wait, wrong thread...
But seriously, how cool is it that this thread and grassroots project has gained so much traction in so little time? What sold me on going to A&M in the first place was two Ags who were a big part of my life in high school and helped support me through their church, and even gave me my first job. So I'm not surprised this happened, because this is what Aggies do. I'm a little surprised it happened so quickly!
Anyway, Bath Salts has been keeping his end of the bargain by working out all the Foundation stuff. Now I guess I gotta keep my end of the bargain. TexAgs is great for this, but it's time to go global.
I just set up a Twitter account and Facebook page to promote the fund we've set up. Tomorrow, once I get everything linked and synched, I'll post links, a twitter ID, and the coinciding hashtag. I'll keep the content updated, but it's up to you to make it go viral!
Finally, I just had a quick conversation with Christine V., and tomorrow afternoon she and I will begin working on an extended bio about Joseph. She expressed her thanks to all of us. I let her know this is what the Aggie Network is all about!
So, look for the social media links tomorrow, then spread the word! Gig 'em!
**UPDATE 12.06.2012 4:30PM **Below is an update from 4:30pm (12.06.12) from the A&M Foundation, I've quoted the post on here for quick reference-
quote:
Thanks to the staff of TexAgs who graciously agreed to sticky this thread!
The Foundation is grateful for all of you who have contributed to support a student scholarship in the memory of Joey Villavisencio.
I was able to pull a report a little while ago and see that you have raised $950 today for the scholarship. Kudos!
The Texas A&M Foundation is a nonprofit organization that receives major gifts and manages endowments for the benefit of Texas A&M University. This year, the Foundation will provide $70 million to Texas A&M for scholarships, faculty support, leadership programs and construction projects. Request your A&M Support Kit to learn how you can make a difference at Texas A&M through a gift to the Foundation.
That's JUST 4 hours, great work Ags, once we've spoken to the family I'll update again and let you all know how we'll be spreading the word. Thanks!
**UPDATE 12.06.2012 12:30PM **We have had contact with individuals close to the family and have received approval on the Scholarship fund idea so that we can move forward with getting it set up.
Joeys mom is a school teacher and won't be available to discuss specifics of other means to spread the word until this evening, so for now the Foundation has provided instructions on how we can begin making donations in Joey's name to get the ball rolling. These donations can be made in two ways:
1. By check to the "Texas A&M Foundation" with "Joey Villavisencio Fund" in the memo line
OR
2. Through the Foundations website with a credit/debit card.
To do so, first go to
giving.tamu.edu and click the GIVE NOW button in the top right hand corner. The following page will be displayed:
Follow the instructions in the image above to donate in Joeys name.
PLEASE NOTE: For Tax/Accounting purposes, the Foundation has requested that we refrain from using the word "Endowed"/"Endowment" in ANY donations until the scholarship has hit the required $25,000 mark to become officially endowed. Please use "Joey Villavisencio Fund" and all funds will be directed into an account where the Foundation will then work with the Family to identify how the funds should be dispersed. Should we not be able to hit the $25,000 mark to endow it (which I KNOW we can do), the Foundation said the funds will still be dispersed however the Family wishes, (i.e. we raise $20,000- the family could elect to do twenty $1,000 scholarships, etc.)
If you have trouble viewing the image, or if the instructions or info is confusing, please let me know and I'd be glad to clear it up!
I'll update again once I've been able to speak with Joey's family. Look for further updates about our plans to get the word out once we have more input from Joeys family.
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