November 7, 2021

Altstaetter Establishes Chapter Scholarship

Bama Houston alumnus Kip Altstaetter has established a scholarship through the National Alumni Association (NAA), in association with the Bama Houston alumni chapter, to benefit a local student attending The University of Alabama.

When fully endowed, The Kip Altstaetter Endowed Scholarship Fund will be awarded to a freshman or transfer student who graduated from a Houston-area high school and is pursuing a degree in interior design or business administration.

“I had been thinking about how to leave a legacy and establishing this scholarship is the perfect way to accomplish this,” said Altstaetter.

A 1986 graduate of UA’s College of Commerce and Business Administration, Kip hails from Port Saint Joe, Fla. While at Bama, he chaired SGA’s Spirit Committee. His endless enthusiasm for Alabama, brilliant creative ideas, and spirit of generosity have benefited UA students, as well as our own Bama Houston alumni chapter.

“This scholarship will live in perpetuity to benefit Houston-area students forever because the corpus of the fund remains intact while investment earnings fund the scholarship, said Nancy Mills, Bama Houston scholarship chair. “We are indebted to Kip for his bigheartedness in stepping forward to establish this scholarship.”

After graduating from the Capstone and working in manufacturing and sales with a healthcare textile company, Kip founded Houston-based The KipCo & CS Gulf Coast as a sales component for interior design, architecture and construction focused on healthcare, K-12, higher education and corporate projects. For years, his firm has supported International Interior Design Association (IIDA) college campus centers across the country, particularly in Texas and Oklahoma,and at The University of Alabama. Along with serving as a major sponsor for the IIDA regional student conference and for University of Houston student events, The KipCo & CS Gulf Coast has underwritten the annual membership dues for UA’s interior design program to be an IIDA campus center.

Kip has served on the board of Houston Boxer Rescue since 1998 and is the proud parent to two precious boxers, Cooper and Buddy. Kip also serves on the board of Vita Living Houston and is a 2021-2022 Bama HoustonScholarship Supporter.

Establishing a scholarship endowment with a gift of $25,000 is more attainment than many alumni realize when created in association with an alumni chapter. Not only does the NAA give donors five years to reach this gift level, but it provides an annual match to contributions within each fiscal year. Over the past five years, those matches have averaged an amazing 80 percent. For 2020-2021, the match was 100 percent! Given these match levels, personal contributions of $3,000 annually can usually mean attaining full endowment within five years. To learn more, please visit this resource page.

To help Kip more quickly reach endowed status for Bama Houston’s newest scholarship, please consider giving a tax-deductible gift of any size directly to NAA. Visit www.bit.ly/kipfund and go to “My Gift to Alabama,” skipping the “Choose Fund” drop down. A nofficial receipt from UA will be provided online after giving.

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