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CONTACT: ALAN SWANSON
Senior Vice President
Development Services
UI Foundation News
500 Levitt Center for University Advancement
Iowa City IA 52242
(319) 335-3305
e-mail:alan-swanson@uiowa.edu

Release: March 5, 1999

UI Foundation receives record $52.1 million in outright gifts in 1998

IOWA CITY, Iowa -- Total outright gifts to the University of Iowa Foundation in 1998 reached a record $52.1 million, surpassing the record of $51.8 million set in 1997. Private contributions from alumni, friends, faculty and staff, and corporations supported student financial aid, technology and equipment purchases, facilities renovations and building projects, faculty development, research funds, and special programs.

Last year was the first calendar year in which the University of Iowa Foundation's total productivity surpassed $100 million ($52.1 million in outright gifts plus $48 million in future commitments such as pledges, trusts, and bequests). In 1998, outright gifts and future commitments came from more than 47,000 contributors, also a new record.

The foundation's 1998 Annual Report on Giving, "Constructive Zone," which will be published in late April, gives a full financial report and also features a few of the outstanding undergraduate and graduate students who are building lives and careers at the UI.

"We deeply appreciate the financial support and personal involvement of individuals and organizations across the country," said UI President Mary Sue Coleman. "Private contributions have an enormous impact on supporting the highly innovative and varied interdisciplinary programs taking place on campus today. Our contributors know that their support of students and faculty at the University of Iowa will help construct a better future for our students, our state, and society as a whole."

When outright gifts ($52.1 million) and deferred gifts ($48 million) received by the UI Foundation in calendar year 1998 are added to the $23.4 million in gifts received directly by the university (fiscal year 1998), the combined total equals $123.6 million in outright gifts and future commitments received by the foundation and the UI.

Michael New, who is in his first year as UI Foundation president, said, " I speak for our entire staff when I say how honored we all are to work closely with UI alumni, friends, faculty and staff who care so much about the University of Iowa. Through their financial support and by volunteering their time and talent, they are active partners in furthering the university's mission of excellence in teaching, research, and service."

Other highlights:

* The $52.1 million received in outright gifts by the UI Foundation included $19.8 million from 23,500 alumni; $16.9 million from 21,600 non-alumni; $8.7 million from businesses and other organizations, and $6.7 million from foundations. More than 2,000 UI faculty and staff made contributions through the foundation in 1998.

* Of the $52.1 million outright gift total, 25.9 percent was designated for student financial aid; 17.9 percent for buildings and equipment; 8.2 percent for faculty development; 46.7 percent for collegiate, departmental, research and special project funds; and 1.3 percent for unrestricted use (wherever the need is greatest).

* The average annual gift to the UI Foundation in 1998 was $529, an increase 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 by the foundation to 72,100.

* Alumni and friends from every state and from 30 foreign countries sent gifts to the foundation in 1998.

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.

Editor's note: JPEG file attached shows pie charts and statistics. The files may also be downloaded from the website: http://news.uiowa.edu/foundpl.jpg and http://news.uiowa.edu/foundpr.jpg