“Hit the Hat” 2023
Question and Answers
Q: What is Hit the Hat?
A: It's an annual appeal from the Kilgore Rangerettes Forever Foundation (KRFF) to increase the endowment for all scholarships that benefit the Rangerettes.
Q: What is an endowment?
A: An endowment is any sum of money invested to grow along with the market to benefit a college or university. The funds grow throughout the year paying conservative dividends annually. The generated interest is used as scholarship awards. The principal remains invested.
Q: Who benefits from these endowments?
A: Current and future Rangerettes & Managers
Q: Do the endowments pay out every year?
A: In a typical year, each scholarship pays out a percentage of the total endowment. The payout is driven by market conditions and could fluctuate.
Q: Why are the KRFF choosing to focus on all scholarships at this time?
A: KRFF has a vision to provide all of the Rangerettes a full scholarship by 2032. Providing a full scholarship will help with recruiting and retaining talent. With so many options available to college-bound girls it’s easy to overlook a little junior college in East Texas. With more incentives available to dancers and leaders, they are more apt to consider Kilgore.
Q: Why focus on all scholarships vs. just KRFF scholarships like last year?
A: To achieve full scholarships, we will need the help and support of all that have established a scholarship to ensure all are in good health and continue to grow the endowment for all.
Q: What are the current Rangerette expenses?
A: Expenses for 2022-23 school year includes:
Tuition and Fees for 15 hours
In district - $1,350
Out of district - $2,535
Out of state - $3,285
$3,895 per semester for Gussie Nell Davis Rangerette Residence and Meal Plan
$1,500 - $2,300 other expenses including uniforms, costumes and some portion of travel as required.
Example: Out of district ($2,535 + $3,895)x 2 semesters + Other $2,000 = $14,860 Annually
Q: How much money do the current Rangerettes currently receive in scholarships?
A: Each Rangerette and Manager receives a scholarship that covers a portion of their tuition, room and board.
Q: How much money are the Forevers hoping to raise?
A: KRFF goal is to raise $150,000 by the end of April 2023.
Q: How will KRFF distribute the dollars raised?
A: KRFF will collaborate with KC Foundation and Rangerette Directors to determine potential gaps or scholarships that need assistance. We will provide a summary of those results as part of our year end summary.
Q: Do I receive tax benefits from my contribution?
A: Yes! You will receive a receipt to use on your taxes from KC Foundation.
Q: Is there a minimum donation?
A: No. Give what you can. All donations make a difference and help us get closer to our vision.
Q: Can I pay with a credit card?
A: Yes! You can use a credit card on the Kilgore College Giving website. The credit card fees are about 3%. Consider increasing your donation by 3% to cover the fees.
Q. Can I write a check?
A: Yes! Checks can be mailed to the address below.
Checks are not subject to the 3% credit card fee.
Kilgore College Foundation
Memo: 2023 Hit the Hat
1100 Broadway Blvd
Kilgore TX 75662
Q: I can’t donate before April 30, 2023. Does that mean I can’t participate?
A: The tally for the Hit-the-Hat Scholarship Campaign will finish at the end of April, but any scholarship donation are always welcome.
Q: How do I donate?
A: Go to https://giving.kilgore.edu/giving/hit-the-hat-scholarship-campaign and Click Give Now
Q: Who can I contact with questions?
A: Please send an email to email@example.com