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Purdue for Life’s Matt Folk on the Boilermaker Spirit and Community

By Purdue University

Dive into the Purdue University ethos with "This Is Purdue," as Kate Young sits down with Matt Folk, President and CEO of the Purdue for Life Foundation, to discuss the foundation's role in shaping the university's future and supporting its community. Learn about the astonishing success of the 2023 Day of Giving which raised a groundbreaking $110.8 million - a testament to the persistent generosity of the Boilermaker spirit.

While delving into Purdue's unique culture, this episode highlights the ambitious goals and proud traditions that define the university. As Folk describes Purdue's dedication to lifelong learning and global impact, listeners will gain insight into the powerful community connections and the unwavering alumni network that continue to support and inspire the university's students and faculty. Join in to understand how events like Grandparents University and the Day of Service play crucial roles in strengthening the bonds among Boilermakers across generations.

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Purdue for Life’s Matt Folk on the Boilermaker Spirit and Community

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Purdue for Life’s Matt Folk on the Boilermaker Spirit and Community

1-Page Summary

Fundraising/Donations at Purdue and the Impact

Purdue University's fundraising initiatives, led by Purdue for Life Foundation's President and CEO Matt Folk, significantly enhance the institution and student experiences. The annual Day of Giving event is particularly notable, having raised an extraordinary $110.8 million in 2023, which contributes to a total of $420.5 million since 2014. Folk, who consolidated multiple alumni groups into the Purdue for Life Foundation, has had an immense impact, including increasing the number of scholarships available to Purdue students. These efforts illustrate the transformative power of donations in enriching the Purdue community and providing opportunities for future Boilermakers.

Purdue for Life Foundation Mission and Accomplishments

The Purdue for Life Foundation is dedicated to fostering lifelong connections with the university and enabling the Purdue community to give back. The foundation has been pivotal in keeping the Purdue network engaged and active, evidenced by the increase in donations that support student initiatives, including maintaining frozen tuition since 2012. In fiscal year 2023, the foundation raised over $610 million, marking a 50% growth in donations since their last campaign ended in 2019. These achievements underscore the success of the foundation's commitment to the betterment of Purdue University.

Defining Aspects of Purdue's Culture and Community

The culture at Purdue is characterized by a strong work ethic, community spirit, and tradition of alumni support. Matt Folk emphasizes the university's focus on grit and resilience, noting students' pride in their achievements and their readiness to overcome challenges. He recalls the camaraderie among students and faculty and the special bond they share, which is a testament to the thriving Boilermaker community. This culture is further exemplified by the alumni's desire to "pay it forward," providing support for the succeeding generations and maintaining Purdue's enduring ethos of determination and collective support.

Events Bringing Together Purdue Community

Purdue University hosts events that foster community engagement, such as the Grandparents University in the summer, which is expected to attract around 1,000 grandparents and grandchildren in 2024. These events are integral to reinforcing the university's strong community bonds, offering both educational and fun experiences that connect past, present, and future Boilermakers. Additionally, the Day of Service is another community event separate from the Day of Giving, further emphasizing the inclusive and communal spirit of Purdue.

1-Page Summary

Additional Materials

Clarifications

  • Matt Folk is the President and CEO of the Purdue for Life Foundation. He leads fundraising initiatives and oversees the foundation's efforts to enhance student experiences and opportunities at Purdue University. Folk consolidated multiple alumni groups into the foundation, increasing scholarships available to students and playing a key role in raising significant donations for the institution. His work focuses on fostering lifelong connections with the university and enabling the Purdue community to give back.
  • The Purdue for Life Foundation serves as a key entity for alumni engagement and fundraising at Purdue University. It works to cultivate lifelong connections with the university, encouraging alumni to give back and support student initiatives. The foundation's primary function is to raise funds through donations, which are then utilized to enhance student experiences, provide scholarships, and support various programs at Purdue. Under the leadership of President and CEO Matt Folk, the foundation has seen significant growth in donations and impact, contributing to the betterment of the Purdue community.
  • Purdue University's fundraising efforts, spearheaded by the Purdue for Life Foundation, have been instrumental in enhancing student experiences and opportunities. The annual Day of Giving event is a standout initiative, raising significant amounts of money to support scholarships and various student initiatives. The foundation, under the leadership of Matt Folk, has seen substantial growth in donations, showcasing a strong commitment to the betterment of Purdue University. These fundraising activities highlight the transformative impact of philanthropy on the Purdue community.
  • The Day of Giving event at Purdue University is a major fundraising initiative that aims to raise significant amounts of money within a 24-hour period. It serves as a platform for alumni, students, faculty, staff, and friends of the university to come together and support various programs and initiatives at Purdue. The funds raised during this event contribute to scholarships, research projects, campus improvements, and other important areas that benefit the Purdue community. The Day of Giving event not only generates financial support but also fosters a sense of unity and pride among the Purdue community.
  • Frozen tuition at Purdue since 2012 means that the university has not increased its tuition fees for in-state students since that year. This initiative was implemented to provide more predictability and affordability for students and their families. By maintaining the same tuition rate over the years, Purdue aims to make higher education more accessible and reduce financial uncertainty for its students. This strategy sets Purdue apart from many other universities that regularly increase tuition fees.
  • The Grandparents University at Purdue is an annual event where grandparents and their grandchildren participate in a two-day immersive experience on campus, attending classes and activities together to create lasting memories and strengthen family bonds. The Day of Service is a community-focused event where Purdue students, faculty, staff, and alumni come together to volunteer and engage in various service projects to give back to the local community and make a positive impact beyond the campus.

Counterarguments

  • The focus on large-scale fundraising might overshadow the need for more systemic changes in higher education funding and affordability.
  • While the Day of Giving is successful, it could be argued that reliance on philanthropy to fund education perpetuates inequality, as not all institutions can leverage such a donor base.
  • The consolidation of alumni groups into the Purdue for Life Foundation may have streamlined operations, but it could also have reduced the diversity of alumni voices and initiatives.
  • The impressive fundraising figures might lead to questions about how the funds are allocated and whether they are addressing the most pressing needs of students and faculty.
  • The celebration of a strong work ethic and resilience could unintentionally downplay the importance of mental health and well-being in a high-pressure academic environment.
  • The emphasis on alumni giving back could be seen as a pressure on graduates who may be dealing with their own financial constraints, such as student loans.
  • While events like Grandparents University and the Day of Service are positive, they may not be accessible to all members of the community due to logistical, financial, or other personal constraints.

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Purdue for Life’s Matt Folk on the Boilermaker Spirit and Community

Fundraising/Donations at Purdue and the Impact

At Purdue University, donations have a profound influence on student opportunities and the advancement of the institution—a reality underscored by Matt Folk, President, and CEO of Purdue for Life Foundation.

Matt Folk's role as President and CEO of Purdue for Life Foundation

Drawing on the roles and initiatives under Matt Folk's leadership, the report illuminates how vital fundraising is to the university’s ecosystem.

Day of Giving fundraising event raising millions each year

One of Purdue University's hallmark fundraising events is the annual Purdue Day of Giving, which has garnered record-breaking sums. In 2023 alone, this event rasied an unprecedented $110.8 million, with a commendable cumulative total of $420.5 million since its inception in 2014. Under Matt Folk's guidance, Purdue for Life not only spearheaded this innovative fundraising model but also extended support to other universities looking to establish similar initiatives through a startup called State of WOW.

Combining alumni organizations under one umbrella - Purdue for Life

Folk initiated a significant restructuring by merging various Purdue alumni-facing organizations, such as the Purdue Alumni Association, President's Council, and the John Purdue Club, into the singular Purdue for Life Foundation. This unification aims to amplify alumni engagement and to maintain robust relationships with Purdue alumni throughout their lives.

Folk's background and path to current leadership role

Although no ...

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Fundraising/Donations at Purdue and the Impact

Additional Materials

Clarifications

  • Matt Folk, as the President and CEO of Purdue for Life Foundation, has led initiatives like the Purdue Day of Giving, a successful annual fundraising event. Under his guidance, Purdue for Life has not only organized this event but also supported other universities in establishing similar initiatives through a startup called State of WOW. Additionally, Folk oversaw the merging of various Purdue alumni organizations into the Purdue for Life Foundation, aiming to enhance alumni engagement and relationships. Folk's background and career path have prepared him for his current leadership role, where he focuses on activities that benefit Purdue University and its community.
  • The Purdue for Life Foundation serves as a unified entity that oversees fundraising and alumni engagement efforts at Purdue University. It was formed by merging various Purdue alumni-facing organizations to streamline operations and enhance alumni relationships. The foundation plays a crucial role in securing donations to support student opportunities and advance the institution's mission. Matt Folk leads the foundation as President and CEO, driving initiatives like the Purdue Day of Giving to raise significant funds for the university.
  • The Purdue Day of Giving is an annual fundraising event at Purdue University that aims to raise significant amounts of money to support various initiatives. Under Matt Folk's leadership, this event has been highly successful, raising millions of dollars each year since its inception in 2014. The event has garnered record-breaking sums, with the 2023 edition alone raising $110.8 million, contributing to a commendable cumulative total of $420.5 million. The event not only benefits Purdue University but also serves as a model for other universities looking to establish similar fundraising initiatives.
  • The State of WOW is a startup founded by Purdue for Life Foundation to help other universities establish similar fundraising initiatives like the Purdue Day of Giving. It serves as a platform for sharing expertise and resources in alumni engagement and fundraising strategies. The startup aims to support universities in enhancing their donor relationships and boosting their fundraising efforts. By leveraging the success and experience of Purdue University, State of WOW seeks to empower other institutions to create impactful fundraising campaigns.
  • Merging various Purdue alumni organizations under the Purdue for Life Foundation aimed to streamline alumni engagement efforts, consolidate resources, and create a unified platform for alumni interactions. This rest ...

Counterarguments

  • The effectiveness of large fundraising events like Purdue Day of Giving may overshadow smaller, yet equally important, fundraising efforts that could be more sustainable or targeted.
  • While the merger of alumni organizations under Purdue for Life Foundation aims to amplify engagement, it could also lead to a loss of specialized attention and distinct identities that separate entities previously offered.
  • The focus on large-scale fundraising and donations might inadvertently create a culture where financial metrics are prioritized over other forms of alumni and community engagement.
  • The success of fundraising events and the merging of alumni organizations do not necessarily guarantee equitable distribution of resources or opportunities among all students and departments within the university.
  • There could be concerns about transparency and accountability in how funds raised are allocated and whether they align with the university's most pressing needs or the donors' intentions.
  • The narrative of alumni generosity leading to scholarships and opportunities may not address the underlying issues of rising tuition ...

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Purdue for Life’s Matt Folk on the Boilermaker Spirit and Community

Purdue for Life Foundation Mission and Accomplishments

Purdue for Life Foundation emphasizes its mission to assist the Purdue community in maintaining a lifelong connection with the university and contributing back through various channels.

Helping Purdue community stay connected, involved, give back

The foundation's main goal is to help everyone who is a part of Purdue—whether they are alumni, students, or faculty—to stay connected, get involved, and give back to the community. This effort helps keep the Purdue community thriving and includes contributions to various aspects such as the building of new facilities on campus and offering of scholarships. Additionally, the foundation facilitates lifelong connections between Purdue and its alumni, encouraging engagement through clubs, affinity networks, and other communities.

Matt Folk notes a significant reduction in alumni asking to disconnect from university communications, suggesting that Purdue for Life's engagement strategies are succeeding in strengthening the bonds within the community.

Supporting students through donations and frozen tuition

Donations to the Purdue for Life Foundation have been instrumental in supporting initiatives like Purdue’s frozen tuition, which has been in effect since 2012 and benefits students and their families. Folk discusses how donor support plays a crucial role in maintaining this tuition model and underscores the dramatic increase in student support from donations. He points out that support for students has skyrocketed from less than $10 million to $180 million within a year, highlighting the profound impact these contributions can have, especially for first-generation college families.

$610+ million raised in fiscal year 2023

In fiscal year 2023, Purdue for Life has made a remarkable accomplishme ...

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Purdue for Life Foundation Mission and Accomplishments

Additional Materials

Clarifications

  • The Purdue for Life Foundation is dedicated to fostering lifelong connections with Purdue University for its alumni, students, and faculty. It aims to engage the Purdue community in giving back through various means such as donations, volunteerism, and networking opportunities. The foundation supports initiatives like frozen tuition and scholarships to benefit students and their families. Overall, Purdue for Life Foundation plays a vital role in strengthening ties within the Purdue community and supporting ongoing and future university endeavors.
  • Purdue University has implemented a frozen tuition model since 2012, which means that tuition rates remain constant for students over a set period. Donations to the Purdue for Life Foundation play a crucial role in supporting this tuition model by providing financial assistance to help maintain the frozen rates. The donations help offset potential revenue losses that the university might face due to the lack of tuition increases, ensuring that students and their families continue to benefit from stable tuition costs. This support from donors has significantly contributed to the sustainability of the frozen tuition initiative at Purdue University.
  • The increase in student support from donations is significant as it has risen from less than $10 million to $180 million within a year. This surge in funding showcases the impact of donor contributions, especially for first-generation college families. The rise in student support highlights the positive effects of philanthropy on initiatives like Purdue's frozen tuition, benefiti ...

Counterarguments

  • While the reduction in alumni requests to disconnect from communications suggests successful engagement, it does not necessarily reflect the depth of alumni involvement or satisfaction with the university's direction or initiatives.
  • The emphasis on donations for supporting frozen tuition could raise questions about the sustainability of this model and whether it relies too heavily on philanthropy rather than institutional financial planning.
  • The increase in donations for student support is impressive, but it's important to consider how these funds are allocated and whether they are meeting the most critical needs of the student population, including underrepresented groups.
  • Raising a significant amount of money, such as over $610 million, is commendable, but without context, it's difficult to assess the impact. For example, how much of this funding goes toward administrative costs versus direct support for students and faculty?
  • A 50% increase in donations since the last campaign could indica ...

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Purdue for Life’s Matt Folk on the Boilermaker Spirit and Community

Defining Aspects of Purdue's Culture and Community

Purdue University, with its distinct culture, is defined by its dedicated work ethic, strong sense of community, and a tradition of alumni giving back to support future generations. Matt Folk, a member of the Purdue community, shares insights into what makes the Boilermaker spirit.

Work ethic, grit, pride in achievements

Matt Folk highlights the defining quality of Purdue's culture as grit. He gives an anecdote about the surprise of potential students and their parents upon seeing current students diligently studying on a Friday evening. This commitment to academics exemplifies the university's pronounced work ethic. Further emphasizing the Boilermaker spirit, Folk talks about how students aren't afraid to fail and how they embody resilience, standing ready to try again after setbacks, underscoring a community that takes pride in hard work and achievements.

Special bond, camaraderie between students, faculty, alumni

Reflecting on his own experiences in the electrical engineering program, Folk recalls being part of a study group of about 15 to 20 people, all banding together to successfully navigate the demands of their studies. This not only shows the teamwork and support among students but also hints at the strong social bonds that are nurtured outside the classroom during moments of leisure and relaxation. Folk speaks fondly of the camaraderie within the Purdue community, characterizing Purdue ...

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Defining Aspects of Purdue's Culture and Community

Additional Materials

Clarifications

  • The Boilermaker spirit at Purdue University encompasses the values of hard work, resilience, and community support. It symbolizes the dedication and pride that students, faculty, and alumni have in their academic and personal achievements. This spirit is deeply ingrained in the university's culture and is reflected in the strong bonds and camaraderie among members of the Purdue community. Alumni play a significant role in upholding and passing on this spirit by supporting future generations of Boilermakers.
  • Grit, in the context of Purdue's culture, refers to a combination of passion and perseverance towards long-term goals. It involves having the resilience to overcome challenges and setbacks, the determination to keep working hard, and the courage to face difficulties without giving up. Grit is about maintaining effort and interest over time, even when faced with obstacles or failures. It is a key characteristic that helps individuals succeed in academic pursuits and beyond.
  • Electrical engineering is a field of engineering that deals with the study, design, and application of electrical systems and devices. It encompasses various subfields such as power engineering, telecommunications, electronics, and signal processing. Electrical engineering programs in universities provide education and training in these areas to prepare students for careers in the field. Students in electrical engineering programs learn about electricity, electronics, and electromagnetism to design and develop technologies that use these principles.
  • "Paying it forward" is a concept where someone does a good deed for others without expecting anything in return. It's about creating a cycle of kindness and generosity, with the hope that the recipients will also help others in the future. This idea emphasizes the impact of small acts of kindness in creating a ripp ...

Counterarguments

  • While a strong work ethic is celebrated, it's important to recognize that an overemphasis on constant hard work can lead to burnout and stress, which may negatively impact mental health and overall well-being.
  • The concept of grit and resilience could potentially overshadow the need for a supportive infrastructure that helps students who may struggle due to various challenges, including personal, financial, or academic hardships.
  • The strong sense of community and camaraderie at Purdue is a positive aspect, but it's possible that not all students or faculty experience this sense of belonging, which could lead to feelings of isolation or exclusion for some individuals.
  • The willingness to fail and try again is commendable, but there should also be a focus on learning from failures in a constructive way that emphasizes personal growth and not just perseverance.
  • While alumni support is crucial, relying heavily on alumni donations can raise questions about the sustainability of university funding and whether it could affect the independence of the university's decision-making.
  • The pride in hard work and achievements is positive, but it's important to ensure that this does not create a competitive or high-pressure environment that might discourage collaboration or open sharing of ideas.
  • The description of Purdue individuals as "really special" is ...

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Purdue for Life’s Matt Folk on the Boilermaker Spirit and Community

Events Bringing Together Purdue Community

Purdue University facilitates multiple events that strengthen the ties within its extended community.

Grandparents University event on campus each summer

Each summer, Purdue University hosts the Grandparents University event, a unique intergenerational program that brings together grandparents and their grandchildren. This event allows them to experience the university environment together, participating in various educational and fun activities.

1,000 grandparents/grandkids attending 2024 sessions

For the 2024 sessions of Grandparents University, approximately 1,000 participants are anticipated to engage in the activities prepared by Purdue. This impressive turnout underscores the strong communal ties and the imp ...

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Events Bringing Together Purdue Community

Additional Materials

Clarifications

  • The Grandparents University event at Purdue University is a program designed to bring together grandparents and their grandchildren to experience campus life through educational and fun activities. Participants get to engage in a variety of workshops, classes, and campus tours, fostering intergenerational learning and bonding. It offers a unique opportunity for both generations to create lasting memories and connections within the university community. The format typically includes interactive sessions, hands-on experiences, and opportunities to explore different aspects of academic and campus life together.
  • Purdue for Life is an initiative by Purdue University that focuses on engaging alumni and fostering lifelong connections with the university. It offers various programs and events, such as the Day of Service, to keep alumni connected and involved with the Purdue community beyond their academic years. The organization aims to create a sense of belonging and continued support for alumni, encouraging them to stay connected and contribute to the university's initiatives. Through initiatives like the Day of Service, Purdue for Life provides opportunities for alumni to give back to their communities and stay engaged with the university's values of service and community involvement.
  • The Day of Service organized by Purdue for Life is an event focused on community service and volunteerism, providing an opportunity for the Purdue community to give back throug ...

Counterarguments

  • While Grandparents University is a unique event, it may not be accessible to all students and their grandparents due to physical, financial, or logistical constraints.
  • The focus on intergenerational activities, though beneficial, might inadvertently exclude other family structures and dynamics that do not include grandparents.
  • The anticipated attendance of 1,000 participants, while impressive, may not represent the full diversity of the Purdue community.
  • Large events like Grandparents University require significant resources, and there could be concerns about the allocation of university funds and whether they could be used for other academic or support services.
  • The Day of Service, although a valuable community engagement o ...

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