7-17-98
Contacts:
Thomas J. Mitchell, ISU Foundation, (515) 294-4077
John McCarroll, University Relations, (515) 294-6136
IOWA STATE UNIVERSITY FOUNDATION REPEATS $100 MILLION FUND-
RAISING YEAR
AMES, Iowa -- Spurred by a record-breaking number of $1 million- plus gifts, the ISU Foundation has exceeded $100 million in private gifts for the second year in a row.
In the 12-month period ending June 30, 1998, private support reached $103,533,618. The figure includes all gifts received, new pledges and deferred commitments. The previous high, reached last year, was $100,083,453.
"A second $100 million year in a row speaks to the commitment our alumni, friends, faculty and staff have to Iowa State University," said President Martin Jischke. "This extraordinary support has played a role in every major achievement of this university."
Two other fund-raising records fell during the year. Total receipts -- the funds available for immediate use or investment -- grew from $35.7 million last year to $59 million. Total donors reached 49,918, up from the 48,599 who contributed the previous year.
John Dasher, Ames businessman and chair of the Foundation board of directors, said these records set the pace for "what we hope will be another extraordinary year in fundraising for Iowa State."
A key factor to the year's success was the record number of individuals, corporations, and foundations providing support that totaled $1 million or more during the year. Twenty-one donors made one or more gifts that put their individual total giving over $1 million. Gifts included:
- A $9 million gift from Diane and Bob Greenlee of Boulder, Colo.,
to transform Iowa State's journalism and communication program
into the university's first named school -- the Greenlee School
of Journalism and Communication. Only 12 of the country's 108
accredited journalism programs are named schools.
- A second $5 million gift from Lied Foundation Trust and its
trustee, Christina Hixson, of Las Vegas, Nev. The gift for the
Christina Hixson Opportunity Awards Program means fully funded
four-year awards for the program's students.
- A gift of $2 million from Bobbi and Roy Reiman of Greendale,
Wisc. Building on projects initiated by their previous support,
the gifts establish lectureship and scholarship programs in
entrepreneurship, and a children's garden and endowment for the
Reiman Gardens.
- More than $1 million from Pioneer Hi-Bred International Inc., to
fund, among other projects, a chair of science and technology
policy. The endowed chair will be part of the Global Center for
Agricultural Development (GCARD), a proposed extension of Iowa
State's CARD, considered one of the country's leading
university-based public policy research institutes.
- A $1 million gift from the W.K. Kellogg Foundation, combined
with a $500,000 gift from the Wallace Genetic Foundation,
establishing the Henry A. Wallace Chair in Sustainable
Agriculture. The chair honors Iowa agricultural legend Henry A.
Wallace.
- A $1.2 million gift from the W.M. Keck Foundation, Los Angeles,
one of the largest and most prominent foundations in the
country. The Keck Foundation's first-time gift to Iowa State is
funding the Laboratory for the Fabrication of Microminiaturized
Analytical Instrumentation. The new lab, part of the
Microanalytical Instrumentation Center, will allow researchers
to transform present analytical instruments into minute
devices.
- More than $1.7 million from the Roy J. Carver Foundation,
Muscatine. Carver Foundation gifts helped launch construction of
Stanley and Helen Howe Hall, phase one of the Engineering
Teaching and Research Complex. Subsequent gifts are helping
launch the High-Speed Communications Circuit Laboratory, a
College of Engineering experimental integrated circuit design
and testing facility, and the Center for Biological Scanning
Probe and Laser-Based Microscopy, a research and educational
program. Carver Foundation gifts also have impacted the Iowa
State University Library and helped build a scholarship program
for undergraduates.
The significance of private gifts in advancing the university's strategic plan speaks to the ISU Foundation's mission, to secure and manage gifts on behalf of Iowa State, and its vision, to become the best land-grant university foundation in the nation, said Tom Mitchell, president, ISU Foundation.
"Our success last year was prompted by the largest gift in ISU history, a $34 million gift to the College of Agriculture," Mitchell said. "Gifts like that happen very infrequently, so in setting our goal for this year, we didn't expect to repeat another $100 million year. During the third quarter of the fiscal year, we realized we were rapidly closing on our $90 million goal. We started to believe that with a very focused, targeted effort, that we might reach $100 million again."
Leadership and major gifts were significant factors but another contributor was an annual giving program that continues to set new records, said Mitchell.
"Through our telemarketing, we reached 86,787 donors whose average gift increased by $5 to $150. Giving to the Greater University Fund for Excellence also reached a new high, increasing 9 percent to more than $1.1 million."
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Revised 7/17/98