The Education Fund invites you to join in the Matching Challenge
Take part and make a difference for the RWTH Education Fund!
Thanks to the participation of numerous companies, foundations, and private individuals, the RWTH Education Fund supports highly educated and committed students with a monthly scholarship of 300 euros for at least two semesters. Half of this funding is raised by the University, while the other half is provided by the Federal Ministry of Education and Research.
Die Matching Challenge
To further increase the effectiveness of these scholarship funds, Dr. Georg Greitemann, Frankfurt-based partner of the Poellath law firm approached the Education Fund and encouraged the alumni of RWTH to be particularly generous in their sponsorship amounts by launching the Matching Challenge. The challenge is to raise a total of 18,000 euros in donations from the alumni. If this amount is reached, Poellath and another matching partner will top this up with up to another 18,000 euros overall. Combined with the donations from the alumni, we will therefore have a total of 36,000 euros, which the Federal Ministry of Education and Research will then double again to 72,000 euros.
Interview with Dr. Greitemann
We caught up with Dr. Greitemann to find out his motivation for launching this challenge and to ask him to outline the process and shed light on the long-term goals of the fundraising campaign.
How did you come up with the idea of launching the Challenge?
I myself have been a Deutschlandstipendium scholarship provider since 2015. The University of Freiburg, my alma mater, approached me about becoming a scholarship provider – since then I have been awarding Deutschlandstipendium scholarships in Freiburg. Since 2021, I have also been doing this at other universities. This resulted in ten scholarships coming into existence. As I had already launched a Matching Challenge in 2012, I quickly realized that this was a very good way to acquire donations. They always led to the amount of donations being multiplied. Personally, I would like to increase my level of impact. My goal is to donate a certain percentage of my gross income each year. With the help of the ‘Matching Challenge’ system, it is therefore possible for me to acquire large donations with a lower capital investment, since the money invested is multiplied by the contribution from the second Matching Partner, the alumni, and the federal government.
What is your reason for doing all this?
I would like to support the universities in making even better use of their fundraising opportunities among scholarship holders and alumni. By successfully implementing the Matching Challenge, I would like to create long-term, self-running structures at the universities so that more students can benefit from the scholarship funds.
Were you able to benefit from a scholarship yourself during your studies?
Indeed. I received various scholarships throughout the course of my studies. During my studies, I received what is referred to as a book allowance from the Konrad Adenauer Foundation, which is today’s equivalent of the Deutschlandstipendium. I also financed my stays abroad in England and the USA as well as part of my doctoral studies with scholarships.
The TU Dresden was very successful with the Matching Challenge last year, acquiring twelve additional scholarships. How many more universities have you been able to motivate so far?
So far, I am in talks with a handful of universities across Germany about carrying out such a challenge. In addition to RWTH, the University of Freiburg and TU Dresden are planning to hold a Matching Challenge in 2022. There are probably two to three more universities to come. That’s an increase from one university implementing my idea in 2021 to five universities this year.
Incidentally, the University of Freiburg was even able to acquire around 1,000 euros from among current scholarship holders during the current funding period. This shows that it really is never too early to donate. We are even teaching our children to donate with their pocket money: a certain percentage should be passed on. That way, they learn early on that donating is a good thing.
What is your goal for the whole of Germany?
My goal is for the Matching Challenge to become a regular feature at as many universities as possible in the future. If five universities can be motivated to hold a Matching Challenge this year and this format runs as well there as it does in Dresden, there may be ten universities by 2023 and 20 universities by 2024. I plan to be available as a sponsor for this myself over the next few years. Over time, however, the idea will have to become independent of me. To achieve this, the universities that use this format must find suitable sponsors and build up self-supporting structures.
Summarized in your own words, how does the Challenge work?
The two Matching Partners are offering a total of up to 18,000 euros. The alumni are also required to collectively come up with a donation total of 18,000 euros. The total amount of 36,000 euros will then be doubled again by the federal government.
However, if the amount is not reached by the alumni against all expectations, the Matching Partners do not participate. This is meant to be an extra incentive, because we want the alumni to win the challenge!
How do you wish to encourage alumni to participate in the Challenge?
That’s easy. Donating makes you happy.
In one of your areas of expertise, ‘venture capital,’ you do a lot of work with investors. Do you see yourself as an investor in the future of students with this Challenge?
I tend to think of it more as volunteer work.
We’d like to thank Dr. Greitemann for his initiative and for taking the time out to give us this exciting interview.
– Mara Hielscher
Making Scholarships Possible Together
If you would like to give something back – and in doing so make a significant contribution to promoting education at RWTH Aachen University - we would be delighted to receive your donation! Every euro you donate will be doubled by the Matching Partners and the same amount will be added again by the federal government. Every euro you donate will therefore later become four and – if the goal of 18,000 euros is reached – 20 additional scholarships can be made available to RWTH students.
Would you like to participate in the Challenge as a sponsor? Then we would be delighted to receive your contribution to the account below.
Account holder: RWTH Aachen
IBAN: DE 07 3905 0000 0000 0253 87
BIC: AACSDE 33
Reference (Verwendungszweck): Matching Challenge Bildugsfonds der RWTH Aachen, PSP 222700100339021, name and address of sponsor
Information About Donation Receipts:
- For donations up to 300 euros, proof of the transfer is sufficient for tax recognition purposes.
- To obtain a receipt for donations over 300 euros, please include the following details in your transfer:
- first name, last name, and address.
- If you would like to receive a donation receipt for an amount of less than 300 euros, please send a mail to email@example.com with your name, postal address, and the date of the donation.
Contact persons at the Education Fund
You are still welcome, of course, to finance a scholarship individually and independently of the Challenge, and thereby to make contact early on with the best students at RWTH. If you have questions or suggestions, please contact the Education Fund team.
Birgit Thun-Vié, Anja Dickmeiß, Mara Hielscher
Phone: +49 241 80-90839
To the Matching Challenge
Our social media channels
Recently, you can also follow us on LinkedIn and Instagram to learn all about the Education Fund. We will introduce you to the scholarship program and want to get even closer in touch. Here we will also keep you up to date on the current status of the Challenge. Feel free to follow us!