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CONTACT: DARRELL WYRICK, PRESIDENT, or
ALAN SWANSON, V.P.,
Communications and Administration
UI Foundation News
5 Alumni Center
Iowa City IA 52242
(319) 335-3305
e-mail:darrell-wyrick@uiowa.edu
e-mail:alan-swanson@uiowa.edu

Release: Immediate

UI Foundation receives record $51.8 million in outright gifts in 1997

IOWA CITY, Iowa -- Total outright gifts to the University of Iowa Foundation in 1997 reached a record $51.8 million, an increase of more than $9 million over 1996. Private contributions in 1997 supported a wide range of UI programs and projects such as scholarships and professorships, technology and equipment purchases, and research funds.

According to statistics that will be published in the foundation's 1997 Annual Report on Giving, total fund-raising productivity for the 1997 calendar year reached $97 million. This figure combines the $51.8 million in outright gifts (coming from 46,911 contributors, also a record high) and $45.2 million in deferred income generated in 1997 through planned gifts and future commitments such as pledges, trusts, and bequests. The foundation's annual report, which will be mailed to contributors in May, highlights examples of the generous support received from UI faculty and staff.

"The results of private support can be seen and felt across campus," said UI president Mary Sue Coleman. "Our students, faculty, and staff appreciate the enthusiastic support of UI alumni and friends who demonstrate their loyalty and affection for Iowa by providing a foundation for its successful future."

When the outright gifts of $51.8 million received by the foundation are added to the $28.6 million in private support received directly by the university in 1997, the total of outright gifts received is $80.4 million.

Darrell D. Wyrick, who is completing his last year as president of the foundation, said he found it "personally gratifying to see the groundswell of private support for the University of Iowa, ensuring continued and growing excellence at this fine institution."

He said foundation staff "are honored to work closely with so many UI alumni, friends, faculty and staff who are actively involved in seeking and contributing private financial support of the university's mission of teaching, research and service."

Other 1997 highlights:

* The $51.8 million received in outright gifts by the UI Foundation included $24,837,631 from 23,221 alumni; $11,624,601 from 21,673 non-alumni; and $15,382,804 from 2,017 businesses, foundations, and other organizations. More than 2,000 UI faculty and staff made contributions through the UI Foundation in 1997.

* Of the $51.8 million outright gift total, 18.2 percent was designated for student financial aid; 24.3 percent for buildings and equipment; 12.9 percent for faculty development; 43.6 percent for collegiate, departmental, research, and special project funds; and 1 percent for unrestricted use (wherever the need is greatest).

* The average annual gift to the UI Foundation in 1997 was $521, an increase of 33 percent over the prior year.

* More than 12,500 contributors gave to the foundation two or more times during the year, bringing the total number of gifts received to 70,266. Alumni and friends from every state and from 26 foreign countries sent gifts to the foundation in 1997.

* In early 1997 the UI Foundation announced it would increase the qualifying commitment levels for membership in The Presidents Club of the University of Iowa on Jan. 1, 1998. Alumni and friends responded to the opportunity in record numbers. By the end of 1997, approximately 800 individuals and organizations had qualified for membership, bringing the total number of members to 4,847 in the honor club for the university's most generous donors.

The University of Iowa Foundation is the preferred channel of private support for all areas of the UI. Foundation staff members work with the university's administration, colleges, and departments to set fund-raising priorities, expand the base of contributors, provide stewardship to multiply funds already raised, and conduct a variety of activities and fund-raising campaigns that advance the UI's institutional goals.

4/9/98