Aug. 8, 2011
UI Foundation and UI mark second-best fundraising year in fiscal 2011
Gifts and gift commitments made to the University of Iowa Foundation and the UI approached record levels in fiscal year 2011, with $213.9 million contributed by private donors -- an increase of 12.2 percent over the amount raised during the previous fiscal year.
The fiscal 2011 fundraising total ranks second only to the $227 million received in 2005, the final year of the university's $1 billion "Good. Better. Best. Iowa." campaign.
A new record number of contributors, 74,591 -- made gifts to the UI Foundation in support of the UI in fiscal year 2011, which ended June 30. And the 123,487 gifts those donors made to the UI Foundation last fiscal year constituted the second-highest number of gifts in a year in the foundation's history.
"It has been a marvelous year, and it is very encouraging that in such a challenging economic climate, so many people contributed to the second-best fundraising year in foundation and university history," said Lynette L. Marshall, president and CEO of the UI Foundation. "Several of our most steadfast supporters made significant gift commitments in the past year, which will add to the UI's prominence and excellence on several fronts. And of course one of the true highlights of the year was the successful launch in May of the 'Iowa First' campaign for the university's academic medical center, which to date has raised $321 million toward its $500 million goal."
Marshall also noted that in fiscal 2011, donors made gift commitments that will create 70 new student scholarships, support 12 faculty positions and create 23 new research funds and 71 new program funds.
"The evidence of the impact of philanthropy is all around us in buildings; in our faculty, students and staff; and in a multitude of programs," said UI President Sally Mason. "If we look at facilities alone, gifts from individuals and organizations in the past year are helping to transform our university and provide exciting and innovative environments for learning and discovery.
"The impact of giving is being seen and felt in the new College of Public Health building, in the renovation and addition to the Dental Science Building, in Carver-Hawkeye Arena, and in the beautifully renovated Stuit Hall, home to our clinical psychology program," Mason added. "The kind of gift support we experienced this past year from generous donors sets the stage and gives us momentum as we set ourselves to the task of completing the post-flood renewal of this campus, especially for our arts programs."
Just over a third of the fiscal 2011 giving, 34 percent, came from alumni. Non-alumni provided nearly a quarter of the giving at 23 percent, and the remaining 43 percent came from corporations, foundations and other organizations. Giving overall in fiscal 2011 was designated by donors in the following proportions: programs (including research funds), 56.9 percent; student support, 18.2 percent; faculty support, 14.2 percent; facilities, 10.2 percent; and unrestricted, 0.5 percent.
"In my position as chair of the UI Foundation board of directors, I have been privileged to witness the strong and productive partnership between so many members of the campus community and the staff of the foundation," said Thomas R. Hanson. "That is certainly necessary to our success, but the true heroes of UI philanthropy are our donors nearly 75,000 strong last year, making gifts of all sizes and types. Every gift and every giver matters. We applaud them, and it is impossible to thank them too much for all they do for this remarkable university."
Since its founding in 1956, the UI Foundation has raised $2.2 billion in philanthropic support for the UI. The UI acknowledges the UI Foundation as the preferred channel for private contributions that benefit all areas of the university. For more information about the UI Foundation, visit its website at http://www.uifoundation.org.
STORY SOURCE: University of Iowa Foundation, P.O. Box 4550, Iowa City, Iowa 52244-4550
MEDIA CONTACT: Forrest Meyer, executive director-strategic communications, UI Foundation; email@example.com, 319-467-3661 or 319-530-1558 (cell)
A photo of UI President Sally Mason is available at: http://photos.univrelations.uiowa.edu/plog-content/images/faculty-and-staff/faculty-and-staff/sallymason_2011.jpg.
A photo of UI Foundation President and CEO Lynette Marshall is available at: http://www.flickr.com/photos/uifoundation/4777505074/.
A photo of UI Foundation Board Chair Thomas R. Hanson is available at: http://www.flickr.com/photos/uifoundation/6021574159/.