As all not-for-profit organizations pursuing educational/cultural goals, Alba relies heavily on donations for maintaining and further improving the quality of its educational services and operations.
Donations are, however, especially important since Alba, by its mission, is a research-driven academic institution and thus the academic excellence to which Alba aspires cannot be achieved without intense academic research activities.
The results of these research efforts are published in the leading academic journals; they are thus made available not only to the users of the educational or other relevant services provided by the research-driven academic institutions, but to the broader academic community and, therefore, to society in general, who all benefit from this new knowledge. They are “public goods”.
As student fees can not cover the full cost of a research-driven School like Alba, donations from private and corporate donors are vital.
Donations to Alba and the American College of Greece can support the establishment of Centers of Excellence, Endowed Professorships, contribution to student scholarships, naming of education facilities, etc.
Donations to Alba and the American College of Greece exclusively fund academic research-related operations
Such donations could support:
In all cases of such donations, the name of the donor is associated with the recipient donation.
Alba has always offered scholarships to candidates with a solid academic and professional profile, and financial aid to those facing serious financial problems, in order to actively promote equal opportunities to people who well deserve it. In order to support our scholarship fund and be able to continue to offer scholarships to at least 20% of students who meet the academic criteria but fail to meet the financial requirements of the program of their choice, we hold a fundraising event called the “Alba Business unusual Award”.
“Alba Business unusual Award” highlights important activities that have a positive impact on the Greek economy and society and, at the same time, honors exceptional individuals who could serve as role models for personal and professional behavior.
BUSINESS UNUSUAL AWARD THROUGHOUT THE YEARS
1st Alba Business Unusual Award
Captain Vassilis K. Konstantakopoulos received the first Alba Business unusual Award on a ceremony that took place at Hotel Grande Bretagne, on Thursday, December 9, 2010 during the inaugural event of this initiative by Alba; where approximately 350 distinguished executives from various sectors of the business realm attended. Alba decided to focus on entrepreneurship for the first award and honor the self-made shipowner, Captain Vassilis K. Konstantakopoulos, a visionary who had demonstrated social responsibility and contributed greatly to Greek society.
2nd Alba Business Unusual Award
Mr. Theodoros Papalexopoulos received the second Alba Business unusual Award at a ceremony that took place at Hotel Grande Bretagne, on Tuesday, December 4; approximately 300 distinguished executives from various sectors of the business world attended. For the second award Alba decided to focus on corporate social responsibility and honor Mr. Theodoros Papalexopoulos, a visionary entrepreneur who has demonstrated social responsibility and contributed greatly to the Greek society.
3rd Alba Business Unusual Award
Mr. George David received the third Alba Business unusual Award at a ceremony that took place at Hotel Grande Bretagne, on Monday, November 10, 2014; approximately 250 distinguished executives from various sectors of the business world attended. For the third award ALBA decided to focus on Business extroversion of the Greek Entrepreneurs and honor Mr. George David, a visionary leader, a citizen of the world, who has demonstrated a global mindset.
4th Alba Business Unusual Award
Mr. Theodore Vasilakis received the fourth Alba Business unusual Award during a ceremony that took place at Hotel Grande Bretagne, on Tuesday, March 21, 2017, where approximately 290 distinguished guests attended, from various sectors of the business, political and academic world attended. For the 4th award ALBA decided to focus on the visionary Greek self-made entrepreneur and honor Mr. Th. Vasilakis, the visionary entrepreneur who through his hard work, perseverance and moral values has managed to thrive and is now one of the most respected business men our country .
5th Alba Business Unusual Award
Perceptive businessman and president of the Hellenic Federation of Enterprises (SEV), Theodoros Fessas, received the Alba Business unusual Award for his nearly four-decade-long pioneering presence in the field of information technologies and his equally central role in the era of digital transformation..
The event took place on Monday, May 13, at the Athens Concert Hall attracting high-profile guests from the business, academic and political world.
Alba, as an educational not-for-profit institution offering scholarships, is by Greek law entitled to receive donations from Greek individuals and Greece-based corporations with the most advantageous legal tax exemption provisions in force for the donor.
Sponsorships for specific events can also be made against a sponsoring invoice issued by Alba, which will include a 24% VAT.
Provisions have been made for ensuring tax exemptions for donations by U.S. taxpayers.
Since December 2014 ALBA is exempt from U.S. federal income tax under section 501(c)(3) of the U.S. Internal Revenue Code.