AUK Endowment: Paving the Way for Educational Achievement
At the intersection of transformative education and philanthropy stands the American University of Kurdistan (AUK), an institution committed to excellence, inclusivity, and knowledge advancement. AUK moves forward with the establishment of the AUK Endowment, aligning with the rigorous standards set by the New England Commission of Higher Education (NECHE) and ensuring sustainability while broadening academic opportunities for a diverse student body.
Strategic Sustainability
Launched in September 2023, the AUK Endowment operates as a 501(c)(3) organization, strategically positioned in Virginia to attract international funding. This initiative, following U.S. tax-exempt status, allows for investment in an endowment, with accrued interest funding scholarships, aiding financially challenged students, and supporting operational expenses. AUK ensures strategic allocation through continuous monitoring by the Finance and Administration Committee of the Board of Trustees to ensure adherence to best practices in higher education fundraising and stewardship.
Diaspora Engagement
Beyond financial sustainability, the AUK Endowment creates a global platform for the AUK community, especially the diaspora, to actively contribute to the University’s growth. This innovative approach invites individuals to connect with their heritage, leaving a lasting legacy by supporting the educational achievement of current and future students at AUK.
Supporting Diversity
With 74.8% of students benefiting from scholarships, AUK actively fosters access and inclusivity. The Endowment is instrumental in sustaining and expanding such initiatives, enriching the educational experience by empowering students from diverse backgrounds.
Cultural Learning and Global Collaboration
The fusion of American-style education and diaspora engagement through philanthropy offers a unique cultural exchange. This not only enhances academic learning but also enriches students’ understanding of the rich culture and heritage of the region. The AUK Endowment facilitates study abroad programs, internships, and collaborative initiatives, preparing students for a globally connected future.
Tax Benefits and Best Practices
The 501(c)(3) status not only provides tax benefits for contributors but also underscores AUK’s commitment to transparency and adherence to best fundraising practices. Every contribution, regardless of size, is utilized effectively, fostering trust and building a collective commitment to AUK’s success.
Sustaining AUK’s Mission Pillars
The AUK Endowment amplifies AUK’s mission and values, contributing to regional, national, and global progress. Dedicated to transformative education, inclusivity, and global collaboration, the Endowment serves as a testament to AUK’s dedication to achievement, sustainability, and global collaboration.
AUK Endowment: Shaping Generations
As AUK celebrates its 10th year, the Endowment emerges not just as a financial instrument but as a catalyst for success for students as well as the institution collectively.
Join us in shaping the future of AUK, empowering students, and leaving a lasting legacy. Every contribution makes a difference, marking a step towards a brighter, knowledge-driven tomorrow. Your support becomes the cornerstone for a university that thrives and shapes the leaders of generations into the next 10 years and beyond.