Collector - March 2020 - 39

ACANEWS

company can do or how much is acceptable
to donate.
Unfortunately, in the last few years
the number of member companies
participating in Collectors Challenge has
dwindled to less than 20. While every
dollar is appreciated and useful to the next
generation of scholarship recipients, the
foundation is calling on more companies to
participate this year.
Here's why: more students are seeking
scholarship opportunities as the cost of
college soars. Just last year, the number
of applications for Loomer-Mortenson
consideration was triple the amount
received in previous years. And, in both
2018 and 2019, the foundation awarded 35
high school and college students $50,000
in scholarship money (that's up from the
traditional 15 scholarships totaling $30,000
per year.)
The tradition of growing and expanding
the scholarships will carry on throughout
2020 as the ACA International Education
Foundation, headed by ACA Past President
Jack W. Brown III, looks forward to
awarding more than $50,000 to upcoming
and current college students with good
grades, writing skills and a connection to
the industry via their employment or the
employment of a parent. The foundation
will award: $10,000 for first place; $5,000
for second place; $3,000 for third place; and
additional winners will receive $1,000 each.
"The foundation's move toward
increasing awards is reflective of the
growing interest in higher education
coupled with the view that the scholarships
are a vehicle for accounts receivable
management industry employees and their
dependents to offset the cost of college
while reaching their goals of succeeding at
the university level," Brown said.
To kick off this year's efforts, Brown is
challenging every ACA member company
to participate in Collectors Challenge or
other fundraising activities. In particular, if
one of your employees or their dependent
applied-or won-a scholarship last
year, Brown invites you to participate in
fundraising efforts this year.

COLLECTOR 03.20

To kick off this year's efforts, Brown is challenging
every ACA member company to participate in
Collectors Challenge or other fundraising activities.

"We are dedicated to empowering future
leaders by helping them bridge the gap
between the increasing cost of college and
the amount students and their families can
afford to pay," Brown said. "We encourage
all member companies to participate
in Collectors Challenge activities for
fundraising and team-building purposes.
Participation at any level is a win for
everyone involved."
In addition to Collectors Challenge,
the foundation raises money through
silent auctions and various other
activities, including the sale of ribbons by
ACA's outgoing president at the annual
convention. Each year, the president
raises up to $10,000 by selling ribbons for
badges at about $100 apiece (so, if you
are planning to attend ACA's upcoming
convention in Chicago, consider buying a
ribbon-it's for a good cause!).
Alternatively, individuals are encouraged
to consider donating funds throughout the
year by visiting the foundation's webpage at
www.acainternational.org/about/ief.
Meanwhile, ACA has resources to help
companies plan a Collectors Challenge
event accessible in an online toolkit.
The toolkit also includes posters to hang
in common areas such as break rooms
or meeting spaces to generate interest
and spread the word about Collectors
Challenge and the Loomer-Mortenson
Scholarship program. Additionally, in
March each ACA member will be mailed
two special 11-inch by 17-inch posters to
hang in their offices.
Students interested in the LoomerMortenson Scholarship have until May
15, 2020, to apply. Additional information

including eligibility requirements are available
on ACA's website at www.acainternational.org/
about/loomer-mortenson-scholarship. Winners
will be announced at ACA International's
Annual Convention & Expo July 15-17, 2020,
at the Hilton Chicago. We'll see you in the
Windy City!
Kim Coghill is ACA International's vice
president of communications.

2019/20
Foundation Board
Members
Irwin Bernstein
Jack Brown III (chair)
Christopher Jordan
David Kaminski
Keith Kettelkamp
Melissa Nash
Kelly Parsons-O'Brien
Roger Weiss (vice chair)

39


http://www.acainternational.org/about/loomer-mortenson-scholarship http://www.acainternational.org/about/loomer-mortenson-scholarship http://www.acainternational.org/about/ief https://www.acainternational.org/assets/collectors-challenge/cc19-challenge-toolkit-fill.pdf

Collector - March 2020

Table of Contents for the Digital Edition of Collector - March 2020

Collector - March 2020 - Cover1
Collector - March 2020 - Cover2
Collector - March 2020 - 1
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