Alumni giving is a major priority for any and all top liberal arts colleges. Not only is total alumni donation a major funding contributor to liberal arts colleges’ annual operational costs, but it has a 5% weight in U.S. News and World Report ranking. Specifically, Colorado College has seen a significant decrease, per annum, of alumni giving participation rates since 1995. This thesis aims to understand potential causes behind this decrease in participation rates by interacting directly with a specific alumni sample in order to understand their perception of this phenomenon. Through a phone interviewing methodology, informed by prior data collection and analysis of survey results/alumni characteristic, findings will suggest actionable ways in which to improve alumni connection to Colorado College in order to foster increase alumni giving participation rates.