KAPPA ALPHA PSI ® FOUNDATION: MISSION POSSIBLE
The Mission: Building A New Way Forward for the Next Generation of Achievers Studies say that the foundation of future job markets will be STEM-related jobs. In this highly technical society that is becoming more advanced every day, employment opportunities will abound for those who possess expertise and education in science, technology, engineering and math. While the focus on STEM has been increasing over the years, there is still a vast disparity be- tween the number of African Americans in STEM in relation to the numbers of other racial groups. However, with such a considerable focus on STEM areas, professional trade opportunities will also languish. That, along with the removal of Baby Boomers from the workforce, will create a deficit of professional tradesmen. In addition, military service continues to remain another area where professional success is obtainable. The programs that will be created through this campaign will pre- pare young men of color by supporting awareness of opportunities that will en- able them to be successful contributors and participants in the future workforce and economy. “We know that we have a population that is aging and retiring from the work- place, and trade skills such as electri- cians, carpenters, plumbers, builders, etc. Industries will need new, young tal- ent to fill those gaps,” said Dubose. “We must broaden our influence and take the leadership as a fraternity of educated men to influence the next generation of leadership in business, industry and our community.” Funds from this campaign will sup- port programs that promote STEM edu- cation and careers, professional trade careers and military service as a means to empower youth and create economic inclusion for the future.
H. Holloway Scholarship was presented to scholars in each of our 12 Provinces. At the Celebration of Achievement Luncheon, held during the 84 th Grand Chapter Meeting, $72,000 was pre- sented in scholarships to young people throughout the country. With your support, in conjunction with corporate sponsors, partners and Foundation Board Members, the Foun- dation currently has more than $3.8 million dollars in assets. In addition, the Foundation added to our Board of Direc- tors senior executives from some of the most notable companies in the United States to ensure we have the best minds to help us support the work of our Foundation and our Fraternity. In the future, the Board will continue to reflect a broader and more diverse segment of our community to better represent our program recipients, donors, corporate sponsors and supporters. On January 5, 2020, the Kappa Al- pha Psi Foundation announced its most ambitious campaign since our inception – the New Way Forward Capital Cam- paign. Launched during the National Founders’ Day Banquet in Las Vegas, the New Way Forward Capital Campaign goal is to raise $5 million over the next four years. The theme of the campaign is Building A New Way Forward for the Next Generation of Achievers. The Foundation Board of Direc- tors, under the leadership of Founda- tion President, Michael J. Dubose, in concert with the Grand Polemarch Reuben A. Shelton III, Esq., created the New Way Forward Capital Campaign to raise funds to permanently establish the existence of critical programs, maintain an effective and efficient infrastructure to manage our philanthropic impact in the African American communities that we serve and to increase awareness of the importance of the Foundation’s work throughout the country.
enable the Foundation to expand and enhance existing Kappa Alpha Psi and Kappa Foundation initiatives to achieve the targeted impact in the following ways: • STEM-focused scholarships • STEM, trade & military career exposure at Kappa Kamp • STEM-dedicated track at Kappa Kamp • Expanding Kappa Kamp to multiple locations • STEM-dedicated track at ULI/ LEAD Kappa • Establishing Guide Right Grants for groups with focused initiatives on o College Readiness By raising $1.25 million in each of the next four years, the Foundation can achieve our $5 million goal. The Foundation has projected several ways to successfully reach our goal by the end of this campaign. Support of the campaign will come from several sources, as pro- jected in this graph: • Kappa Alpha Psi Fraternity Members • Corporate Sponsors • Foundations and Grants • Legacy Grants and Planned Giving • Kappa Foundation Board Members As part of the New Way Forward Campaign, the Foundation has created a Legacy Giving Program. Legacy Giving is defined as personal giving by individu- als at levels worthy of special recognition by the Kappa Alpha Psi Foundation. Recognition levels are open to members of Kappa Alpha Psi Fraternity, Inc. and Silhouettes of Kappa Alpha Psi Frater- nity. Legacy Giving Levels* Oliver S. Gumbs Contributor $100,000+ Henry E. Parker Contributor $ 75,000 Ernest H. Davenport Contributor $ 50,000 o STEM Career Awareness o Trade Profession Exposure o Military Service Program/ Workshop
Specifically, this campaign will
50 | WINTER 2019 ♦ THE JOURNAL
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