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Scholarship to be ...06 Senior GiftAnnual Reward to Senior Will Be Based on Contribution to Community

Last night, the Class of 2006 unveiled its Senior Gift: an annual scholarship for a senior who contributes to the MIT community, said Ryan F. Allard ’06, Chair of the Senior Gift Committee.

Following tradition, the current alumni association president is the challenger, encouraging Class of 2006 members to participate. Scott P. Marks Jr. ’68 pledged to donate $25,000 if 60 percent of the class donates, $20,000 if 50 percent donates, down to $5,000 if between 20 and 30 percent participate. “I’m interested in helping the senior class” build their fund, and providing “extra motivation,” he said.

In a departure from the usual Fibonacci Challenge, where seniors donate $10, then $10, $20, $30, etc., the theme this year is the 5.0 challenge, where students who donate $50 or more are part of the “5.0 club.” As usual, seniors are not limited to donating to the senior gift. In addition, they can designate their donation to Undergraduate Research Opportunities, Department of Athletics, Physical Education and Recreation/Sports at MIT, another designation of their choosing, or Institute Unrestricted funds.

Allard said the choice of senior gift was based on a senior survey carried out in November. He anticipates that the scholarship will amount to about four percent of the funds donated to that category, though it may vary from year to year.

The 2006 Senior Gift Web site is

— Jenny Zhang