Smith Students Aid Society Inc.

Overview

The Smith Students Aid Society Inc. (SSAS) is a nonprofit organization dedicated to providing financial assistance to students of Smith College, particularly those experiencing financial hardship. Established to complement existing financial aid resources, SSAS offers small grants to help address specific educational needs, ensuring that students can fully engage in their academic pursuits and extracurricular activities.

Mission

SSAS aims to support Smith College students by offering grants and emergency funds that cover a variety of educational expenses. This includes funding for interterm and spring break trips, summer study, textbooks, art materials, and other essential costs that may not be addressed by standard financial aid packages. The organization prioritizes financial need and seeks to assist as many students as possible within the limits of its funding capabilities.

Programs and Services

The society provides several types of financial support, including:

• Grants for Educational Activities: These grants assist students with specific costs associated with their academic and extracurricular activities.

• Emergency Funds: SSAS allocates funds to address unexpected financial crises that may arise for students during their time at college.

• Special Funding for Seniors: Seniors facing financial challenges can apply for one-time grants to help with expenses related to job interviews, graduate applications, and other necessary costs.

Financial Overview

According to financial reports, the Smith Students Aid Society Inc. has demonstrated a significant reliance on investment income, which comprised the vast majority of its revenue. For example, in recent reporting years, investment income accounted for approximately 99% of total revenue, enabling the organization to consistently support its financial aid initiatives.

• Total Revenue: The organization reported revenues exceeding $1 million in some years, with investment income playing a critical role.

• Expenses: Operating expenses for SSAS are relatively low, primarily focusing on the direct support of students through grants, with no reported executive compensation.

Governance

The organization is managed by a board of directors, consisting of individuals dedicated to the mission of supporting Smith College students. While the organization has not disclosed specific leadership roles, it is committed to transparency and governance practices that align with nonprofit best practices.

Conclusion

The Smith Students Aid Society Inc. plays a vital role in the educational ecosystem at Smith College by providing necessary financial support to students in need. Through its targeted grant programs and emergency funding, SSAS enhances the educational experiences of its beneficiaries, ensuring that financial constraints do not hinder academic success or participation in college life.