JALC Foundation Textbook Fund
Dear Friends of JALC,
Purchasing textbooks is one of the largest obstacles that students face. The cost of a college textbook has risen 190% since 2006. The cost of textbooks varies depending on the desired major or career path a student chooses. Approximately 58% of students have expressed that the cost of textbooks and materials has prevented them from having their books on the first day of class, if at all. This can cause students to fall behind, making it difficult to succeed. Over 65% of students at John A. Logan College rely on financial assistance to cover the cost of tuition and fees. However, this financial assistance rarely covers the cost of textbooks, and if it does, it is unlikely to cover more than one textbook.
As Student Trustee, it is my responsibility to advocate for the needs of our students, to represent their voice on campus, and to work with our administrators and Board of Trustees on their behalf. I am delighted to partner with the Foundation and our generous donors, to create a fund for textbooks. The fund will assist students who rely on financial assistance to succeed in pursuing their education.
On behalf of all the students at John A. Logan College, I sincerely thank you for your support.
John A. Logan College
When you create a named endowment, you are creating a legacy that lives forever. An endowment creates a gift for all time that can honor a loved one, a special mentor, your family or yourself. The principle balance of an endowment is invested in perpetuity. A portion of the earning is distributed to an expendable fund to be used as designated by the endowment agreement. The remainder is added back into the endowment corpus. Endowed gifts can be designated for specific purposes, such as scholarships, equipment, faculty development or they may be unrestricted. The minimum required amount to establish an endowment is $25,000, which is payable over a five-year period.
Planned gifts are those gifts which are made during your lifetime, but the benefits to the JALC Foundation are not realized until a future date. They represent your ultimate investment in the College’s mission. These gifts may take the form of a bequest in your will, charitable gift annuities, charitable remainder trusts, charitable lead trusts and life estate agreements.