The University of Iowa
The University of Iowa News Services Home News Releases UI in the News Subscribe to UI News Contact Us

 

CONTACT: ALAN SWANSON
Senior Vice President, Development Services
UI Foundation News
500 Levitt Center for University Advancement
Iowa City IA 52242
Phone: (319) 335-3305 or (800) 648-6973

Release: Feb 22, 2002

UI Foundation reports more givers, more gifts to UI in 2001

Last year a record number of contributors made a record number of gifts to the University of Iowa Foundation in support of the University of Iowa, foundation officials announced today.

In 2001, more than 56,900 contributors—8.2 percent ahead of 2000—made nearly 100,000 gifts to the foundation, making last year the best year on record for the number of gifts and the number of donors to the foundation.

"Despite 2001 being a year of economic and other uncertainty nationwide, the $64.8 million we received in outright gifts for the UI last year is less than 1 percent behind 2000, the record year to date for outright gifts to the UI Foundation," said Michael New, the foundation's president. "We are tremendously grateful to our donors for sustaining their support during a very turbulent year."

In 1990 the foundation received $25.2 million in outright gifts, New said, and since 1995, outright gifts climbed from $37.4 million to the record of $65.4 million in 2000.

"The fact that this university's alumni and friends maintained their private support for the
UI -- in many cases stepping up their level of investment—speaks volumes about their generosity and loyalty," said UI President Mary Sue Coleman. "It also says they have faith in the direction, excellence and potential of this institution, and trust in the UI Foundation as the steward of their gifts. We greatly appreciate this vote of confidence from our donors."

New said, "Our fund-raising results for 2001 once again affirm the crucial role that private gifts play in the public-private partnership that provides the full range of key resources for the UI. While private support can never replace the essential state funding that provides nearly 20 percent of the UI's budget, it is interesting to note the amount of private support that comes from beyond Iowa's borders.

"Last year nearly $40 million of the outright gifts to the foundation—61 percent—came from outside Iowa. This shows that private support for the UI is broad as well as deep," he added. "We're pleased that we are able to compete effectively for private contributors on a national stage. These donors have many options, and the entire state of Iowa benefits when their decision is to support the UI."

The $64.8 million in outright gifts to the foundation in 2001 included $29.3 million from 30,287 alumni; $16.1 million from 24,523 non-alumni; and $19.4 million from 2,121 businesses, foundations and other organizations.

Two-thirds of the 2001 outright gifts went toward program support (including research), 15.7 percent went toward student support (including scholarships), 8.8 percent supported facilities improvements and 8.3 percent was given for faculty support, such as endowed chairs and professorships.

When future commitments—pledges and other deferred gifts—received by the foundation in 2001 are added to the foundation's outright gift total and to the $20.7 million in outright private support given directly to the UI, the combined total of private funds generated for the UI in 2001 is $145 million.

Other highlights of private giving to the foundation in 2001 include:

  • Cumulative UI Foundation productivity (from 1956 through 2001) passed the $1.1 billion mark.
  • Alumni and friends in every state and from 20 other countries sent gifts to the foundation in 2001.
  • More than 17,500 contributors gave to the foundation twice or more during 2001.
  • About $26 million—or 40 percent—of the outright gifts were directed by donors to endowed funds, which are limited in spending since only a percentage of the earnings is spent each year.
  • Only 0.6 percent of outright gifts ($414,319) in 2001 was available for university-wide unrestricted support. All other gifts were directed by donors for specific purposes other than unrestricted support.
  • For the first time, the foundation presented donors with the option of making gifts online. Nearly 600 gifts totaling more than $63,000 were made online through the foundation's web site -- www.uiowafoundation.org. More than a third of these online gifts were from first-time givers to the foundation.


The University of Iowa Foundation is the preferred channel of private support for all areas of the UI. Foundation staff work with a volunteer board of directors, 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 strategic goals.

For more information on the UI Foundation and its support of the UI, go to its web site at http://www.uiowafoundation.org.