CONTACT: MICHAEL NEW
UI Foundation News
500 Levitt Center for University Advancement
Iowa City IA 52242
Phone: (319) 335-3305 or (800) 648-6973
Release: May 15, 2001
Private giving to UI continues key role in funding partnership
IOWA CITY, Iowa -- At a time when state budget allocations to higher education
are being trimmed, alumni and friends of the University of Iowa continue to
show their support for the university, setting new records for private giving
in 2000. "While private gifts can never take the place of state funding,"
UI President Mary Sue Coleman said, "this remarkable level of private
support provides us with a margin of excellence as we seek new and better
ways to serve all Iowans."
In the public-private partnership that provides key resources for the University
of Iowa, more private contributors than ever before made a record number and
amount of gifts to the UI last year, according to University of Iowa Foundation
Total private gift productivity recorded by the UI Foundation and the UI
reached nearly $172 million during calendar year 2000, an all-time high and
nearly 17 percent above the 1999 figure of $147 million. The total includes
outright gifts and those committed in 2000 to be received in future years.
In announcing the 2000 fund-raising performance figures, UI Foundation President
Michael J. New thanked contributors for their generosity at all levels and
said he was impressed as well by the breadth of UI programs receiving private
"Every area of the university benefited from private giving in 2000.
Nearly 97 percent of private gifts we receive for the university are designated
by donors for specific UI programs and purposes, and foundation staff work
closely with alumni and friends to match their interests with the university's
needs," New said. "We believe that the record level of giving in
2000 is a vote of confidence by donors both in the University of Iowa and
in the foundation's ability to be effective stewards of their gifts."
Coleman added, "There can be no doubt that this kind of private support
makes it possible to enhance and elevate our mission to our students and to
Iowa. Private gifts build upon and provide strategic augmentation to state
support. The state's continuing commitment to adequate funding for the University
of Iowa will signal our contributors that their gifts will have even more
impact, thus attracting increased levels of private support."
Outright gifts to the UI Foundation in 2000 reached $65.4 million, 14.3
percent above 1999. When outright gifts received by the foundation in 2000
are added to $24.2 million in outright private support received directly by
the UI last year, the total is $89.6 million. Future commitments recorded
by the foundation in 2000 totaled $82.2 million, 27.3 percent above 1999.
Other 2000 highlights:
Gifts to the foundation came from 52,602 contributors, a record number.
Nearly 15,262 contributors gave to the foundation twice or more during the
year, bringing the total number of individual gifts received to 87,119. Alumni
and friends in every state and from 31 other countries sent gifts to the foundation
The $65.4 million received in outright gifts by the foundation in 2000 included
$30.2 million from 27,762 alumni; $18.9 million from 22,871 non-alumni; and
$16.2 million from 1,969 businesses, foundations and other organizations.
Of the outright gift total, 15.6 percent was designated by contributors
for student financial aid; 11.9 percent for buildings and equipment; 17.4
percent for faculty development; 51.9 percent for collegiate, departmental,
research and special project funds; and 3.2 percent for unrestricted use (wherever
the need is greatest).
Nearly half of the total gifts in 2000 were designated as endowed fundsresources
that assist the UI permanently in donor-specified areas. The foundation now
manages $445 million in endowment, up 9.8 percent over Dec. 31, 1999.
"The year 2000 marked the end of a 10-year bull market," said
Tiffani K. Shaw, the foundation's vice president for finance. "For the
calendar year 2000, the S&P 500 returned -9.1 percent, Russell 2000 -3.2
percent and the NASDAQ -39.3 percent. We are pleased that our long-term pool
investments returned a positive 9.59 percent and significantly outperformed
these major stock market indices."
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
For more information on the UI Foundation and its support of the UI, go
to its web site at http://www.uiowafoundation.org.