FREQUENTLY ASKED QUESTIONS
How do I donate?
At your earliest convenience please send a check payable to:
Irwin S. Chanin School of Architecture Dean's Circle
Irwin S. Chanin School of Architecture
The Cooper Union
7 East 7th Street, 3rd Floor
New York, NY 10003
Please include a separate card or note specifying that your contribution be used exclusively for the One Year Fund.
Who is the One Year Fund affiliated with?
The fund is a student initiative from within the Irwin S. Chanin School of Architecture. The objective of the students involved is to provide the incoming undergraduate students to the school with the equivalent financial support that the current students received upon their acceptance to the School in the form of a merit based full-tuition scholarship.
Who is responsible for the collection and distribution of the fund?
The fund will be managed by the One Year Fund committee within the School of Architecture. We will be depositing donations into the Dean's Circle Fund which is under the exclusive authority of the Dean of the Irwin S. Chanin School of Architecture at The Cooper Union. All donations will be used towards reducing tuition for the incoming class.
What is the timeline for the collection and distribution of this fund?
The terms of the pledge are that final payments are made by 31st March 2014 and are accompanied by a brief separate note specifying the donation is for the One Year Fund. Immediately after, acceptance letters will be mailed together with a letter informing them of this additional scholarship to alleviate tuition.
How will the fund be used?
Funds will be used to pay down the tuition burden that will be expected of each of the students admitted to the undergraduate program of the School of Architecture for one academic year. The funds will be in addition to and separate from the half-tuition scholarship (approx. $20,000) promised by the Cooper Union for merit based scholarships to all admitted students, as well as any State or Federal aid, or need-based financial aid administered by the Cooper Union. The fund is intended for the incoming undergraduate students of the academic year 2014-15 and includes transfer students.
In the previous academic year 2013-14, a total of 30 students were admitted to the undergraduate program. We intend to raise approximately $20,000 for each architecture undergraduate student in order to cover the tuition bill that the estimated 30 students will receive upon admission. This does not affect or limit the number of students that the admissions committee will admit.
Will the fund also provide additional financial aid for incoming students?
The fund does not aim to provide any financial aid beyond the tuition bill received by admitted students. It does not exclude incoming students from receiving the need-based financial aid offered independently by the Cooper Union for which they may be eligible and may apply for separately.
What if the target amount is not reached? How will the fund be distributed?
In the event that the target amount of $600,000 is not reached the total amount raised will be distributed to reduce the tuition burden of each of the 30 incoming students as low as possible, net any additional financial aid individual students may receive. The committee will work with the school administration to allocate the funds to the incoming students to equalize the tuition burden.