CONTACT: MICHAEL J. NEW
UI Foundation News
500 Levitt Center for University Advancement
Iowa City IA 52242
Phone: (319) 335-3305 or (800) 648-6973
Release: Feb. 15, 2000
UI, UI Foundation record $147 million in private gift support
IOWA CITY, Iowa -- Total private gift productivity recorded by the University
of Iowa Foundation and the University of Iowa exceeded $147 million during
calendar year 1999, an all-time high and nearly 19 percent above the 1998
figure of $123.6 million.
In announcing the 1999 fund-raising performance figures, UI Foundation President
Michael J. New thanked contributors for their generosity at all levels. "Our
record-setting year in 1999 came as a result of gifts large and small, and
every one of them matters," New said.
"While the UI Foundation will maintain and even increase its focus
on leadership gifts in the years ahead, we continue to rely upon and sincerely
appreciate contributions at all levels," he continued. "The size
of the gift doesn't always reflect the size of the commitment, and judging
from our 1999 fund-raising results, the commitment to the UI on the part of
our alumni and friends has never been stronger."
Outright gifts to the UI Foundation in 1999 totaled $57.2 million, while
outright gifts received directly by the university totaled $25.2 million.
In addition, future commitments made to the foundation in the form of trusts,
bequests, pledges to be paid in future years and other forms of deferred income
totaled $64.6 million. When these figures are combined, the private funds
generated for the UI last year totaled $147 million, $23.4 million more than
The $57.2 million received in outright gifts by the foundation in 1999 ($5
million more than in 1998) came from 48,017 contributors, including $26,793,067
from 25,899 alumni; $11,774,491 from 20,131 non-alumni; and $18,661,195 from
1,987 businesses, foundations and other organizations.
Of the $57.2 million outright gift total, 17.3 percent was designated by
contributors for student financial aid; 21.5 percent for buildings and equipment;
14.8 percent for faculty development; 44.9 percent for collegiate, departmental,
research and special project funds; and 1.5 percent for unrestricted use (wherever
the need is greatest).
The $64.6 million in future commitments recorded in 1999 is $16.5 million
more than in 1998, an increase of more than 34 percent.
Nearly 13,000 contributors gave to the foundation twice or more during the
year, bringing the total number of individual gifts received to 74,283.
Alumni and friends in every state and from 33 other countries sent gifts
to the UI Foundation in 1999.
The University of Iowa Foundation is the preferred channel of private support
for all areas of the UI. Foundation staff 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 university's