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University of Iowa Foundation News Release

Release: Feb. 12, 2003

(Photo: Michael New, UI Foundation president)

UI Foundation Sets New Records For Gifts, Givers In 2002

The University of Iowa Foundation recorded its most productive year ever in 2002, foundation officials announced today, with record numbers of outright gifts, pledges and contributors, as well as the highest total fund-raising productivity in the foundation’s 46-year history.

In 2002, outright gifts to the foundation totaled $67.5 million, a 4.2 percent increase over 2001. Future commitments, including pledges to be paid in future years, wills and trusts totaled more than $101 million, 70.3 percent more than those recorded in 2001. When outright gifts and future commitments are combined, the foundation’s total fund-raising productivity in 2002 reached nearly $169 million, approximately 36 percent above the total foundation productivity recorded in 2001.

“I believe our success is due to three main factors,” said Michael New, the foundation’s president. “First, UI alumni and friends continue to be among the most generous and loyal contributors in the country, despite the current economic downturn. Second, our foundation volunteers, staff and university colleagues worked very hard to get the message out about the importance of private support. And third, the public launch of our comprehensive campaign in June 2002 brought everything together and gave us the momentum to carry through a very successful year. We are deeply grateful for such a strong show of support for the university and its goals.”

At the end of 2002, the university’s “Good Better. Best. Iowa” campaign had raised more than $592 million toward its $850 million goal, approximately $66 million of which was recorded in the six months following the June kickoff.

“ Our contributors understand that for this great university to truly excel in the 21st century, it’s going to take more resources than the state alone can provide," said Marvin Pomerantz of Des Moines, who co-chairs the National Campaign Steering Committee with Mary Louise Petersen of Harlan, Iowa. "Alumni and donors also understand that higher education is absolutely essential to the future of the state of Iowa, as well as to the nation as a whole. Achieving our campaign goals will assure that Iowa maintains its position as a world-class leader in educational quality and innovation.”

Also last year, 60,870 contributors -- nearly 7 percent more than in 2001 -- made more than 105,000 gifts to the foundation, making 2002 the best year on record for the number of gifts and the number of donors to the foundation.

“ This is tremendously gratifying,” said Carroll J. Reasoner of Cedar Rapids, chair of the foundation’s board of directors. “It’s wonderful to see that these record numbers result not just from a few large gifts but, just as important, from thousands of smaller gifts from individuals, families and organizations. There is strength in numbers, and I believe the university’s future strength lies in the confidence of these thousands of alumni and friends, and in their broad-based support from around the state and nation.”

The $67.5 million in outright gifts to the foundation in 2002 included $28.9 million from 32,688 alumni; $12.9 million from 25,913 non-alumni; and $25.7 million from 2,272 businesses, foundations and other organizations.

Slightly more than half of the 2002 outright gifts went toward program support (including research), 20.4 percent went toward student support (including scholarships), 15.7 percent supported facilities improvements and 9.2 percent was given for faculty support, such as endowed chairs and professorships. Less than 1 percent was for unrestricted, university-wide use.

When the foundation’s total productivity in 2002 is added to the $20.7 million in outright private support given directly to the UI, the combined total of current and future private support committed to the UI and foundation in 2002 is $189.7 million.

Other highlights of private giving to the foundation in 2002 include:

  • Cumulative UI Foundation productivity (from 1956 through 2002) now exceeds $1.25 billion. This includes $823 million actually received and $429 million to be received in future years.
  • Alumni and friends in every state and from 23 other countries sent gifts to the foundation in 2002.
  • More than 18,700 contributors gave to the foundation twice or more during 2002.
  • About $20 million of the outright gifts in 2002 was directed by donors to endowed funds.
  • Only 0.8 percent of outright gifts ($520,000) in 2002 was made available for university-wide unrestricted support. All other gifts were directed by donors for specific purposes throughout the UI.
  • Contributors continue to take advantage of the foundation’s online giving option. More than 1,000 gifts totaling about $195,000 were made through the foundation’s web site, www.uiowafoundation.org. More than 240 of these online gifts were from first-time givers to the foundation.

The University of Iowa Foundation is acknowledged by the UI as a preferred channel for private contributions that benefit 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.Additional statistics about annual giving from 2002 and previous years is available at http://www.uifoundation.org/about/statistics/

STORY SOURCE: The UI Foundation, 500 Levitt Center for University Advancement, Iowa City, Iowa 52244-4550.

CONTACT: Michael New, President, UI Foundation, 319-335-3305, michael-new@uiowa.edu. Writer: Susan Shullaw.

PHOTOS/GRAPHICS: A chart illustrating the figures described in this release is available for downloading at:
http://www.uifoundation.org/news/2003/2002stats.xls

Photos of those quoted in this release are available at:
http://www.uifoundation.org/news/2003/images/mug-MichaelNew-highrez.jpg
http://www.uifoundation.org/news/2003/images/mug-CarrollReasoner-highrez.jpg
http://www.uifoundation.org/news/2003/images/mug-MarvinPomerantz-highrez.jpg