2008 Woodie Awards
Fox Funds Going Broke?
Kelly McNoldy
Issue date: 2/28/08 Section: News
Ever since the inception of Fox Funds two years ago, there have been many critics and many supporters. Just this semester flags have been raised as rumors are going around saying that Fox Funds is out of money and is not supplying any more funding for the semester or close to it.
One source that wished to remain anonymous but is very involved with an on-campus club that requires a lot of funding to exist said that since Fox Funds had begun, they have not been receiving the money necessary in order to operate to their full potential.
According to Fox Funds, there is still enough money left for programming for the rest of the semester.
"We aren't out of money, we actually have a pretty substantial amount left for the remainder of the semester," said Patrick McKelvey.
So then why did McKelvey send out a campus wide email two weeks ago describing the state of Fox Funds?
"Well, we had been getting a lot of comments from students and student organizations," said McKelvey. "I guess it's been people through the grapevine saying that Fox Funds was out of money and wasn't able to fund student organizations for the rest of the semester, so we sent it out to clear up the air and give the situation from our point of view, so that's what's going on."
At the beginning of this school year, Fox Funds had $84,000. By now, according to McKelvey, it has used approximately $74,000 for student programs and events. This budget allocates about $9300 per month (out of nine months) and with just about $10,000 left to give in the last three months of the semester, some organizations are wondering how they are going to get funding for their events.
"We haven't gotten a lot of funding," said the anonymous source in regards to their organization.
In the campus-wide email McKelvey sent, he said "this problem is an amazing one. The reality that we have gone through most of the student budget means that there has been an exponential increasein the amount of programming happening at Rollins."
One source that wished to remain anonymous but is very involved with an on-campus club that requires a lot of funding to exist said that since Fox Funds had begun, they have not been receiving the money necessary in order to operate to their full potential.
According to Fox Funds, there is still enough money left for programming for the rest of the semester.
"We aren't out of money, we actually have a pretty substantial amount left for the remainder of the semester," said Patrick McKelvey.
So then why did McKelvey send out a campus wide email two weeks ago describing the state of Fox Funds?
"Well, we had been getting a lot of comments from students and student organizations," said McKelvey. "I guess it's been people through the grapevine saying that Fox Funds was out of money and wasn't able to fund student organizations for the rest of the semester, so we sent it out to clear up the air and give the situation from our point of view, so that's what's going on."
At the beginning of this school year, Fox Funds had $84,000. By now, according to McKelvey, it has used approximately $74,000 for student programs and events. This budget allocates about $9300 per month (out of nine months) and with just about $10,000 left to give in the last three months of the semester, some organizations are wondering how they are going to get funding for their events.
"We haven't gotten a lot of funding," said the anonymous source in regards to their organization.
In the campus-wide email McKelvey sent, he said "this problem is an amazing one. The reality that we have gone through most of the student budget means that there has been an exponential increasein the amount of programming happening at Rollins."
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