The Student Accounting Society is $8,600 closer to its goal of $10,000 to establish an accounting scholarship, thanks to the $800 members raised through their May raffle. For the price of a $1 raffle ticket, entrants had a chance at wining a $100 cash prize, a $50 cash prize, or an iPod Shuffle. Other prizes ranged from free oil changes, to gift certificates from Mega Foods, to free entrees at local restaurants.
Winners were determined at the May 6th SAS meeting. The top four prizes went to Rex Beachem, Elise Wood, Nate Frisch, and Lee Ann Winters. College of Business Dean Tom Dock also won prizesó2 months of free Karate lessons and a TGIF certificate.
The idea for a raffle came about last fall when Denise Icard of Cargill donated a black, 80G iPod Classic to SAS, suggesting the organization raffle it off to raise funds. Exec board member Elise Wood approached the SAS exec board with the notion of raising money to fully endow a scholarship fund after learning about $7,800 in funds from the former SAS Investment board had been transferred to the UW-Eau Claire Foundation. This meant raising $2,200 to reach the $10,000 level to put a scholarship on a self-sustaining basis through the Foundation. SAS filed for provisional endowment status. Once the organization reaches $10,000, a $500 scholarship will be awarded each year.
The current SAS exec board plans to have the scholarship established by December of this year when their office terms end. The board thanks Icard for her initial idea of the project and donating the iPod grand prize.