|New students took their first steps across the Diag last week as the University welcomed them and the returning students. Many of the gifts received during the past year have immediate benefits to students in financial aid support and new initiatives in community service. Photo by Rebecca A. Doyle|
In making the announcement, President Lee C. Bollinger pointed out that the total raised is significantly higher than the $177 million raised last year and higher than a previous record year in 1998 of $179.5 million. The $230.6 million represents 106,702 donors, also a record number. Last year there were 102,988 contributors, the largest number up to that year. Alumni and friends provided nearly 70 percent of the gifts, while organizations provided more than 30 percent. This continues a trend of support increasingly coming from individuals, up from 41 percent in 1980 and 58 percent in 1990.
This is a remarkable year, with new records set both in total dollars and in number of donors, demonstrating an increasingly broad base of support for the University and its programs, said Vice President for Development Susan Feagin. These gifts help fund important academic initiatives and help bolster the Universitys financial stability overall.
Major contributions in the 19992000 fiscal year include gifts for wide-ranging purposes:
A gift of $5 million from William and Inger Ginsberg and members of the Ginsberg family for the Edward Ginsberg Center for Community Service and Learning supports and inspires students to work in public service activities during the school year.
An anonymous $5 million gift for undergraduate internships in public service has been designated for students in LS&A; a debt reduction program for graduate students in the Horace H. Rackham School of Graduate Studies who go into public sector work after graduation; and the expansion of a debt management program at the Law School for students who study in public sector/public interest work.
Other outstanding gift receipts include:
Also included in the 19992000 fiscal year total are payments on the following significant new pledges:
These gifts help us realize important goals---everything from increasing aid for students, to providing exceptional spaces for learning, Bollinger said, noting that the gifts help meet a tremendous range of purposes in the life of the University.
Lincoln Knorrs gift represents a long-term investment in the University, a trust which will provide an infusion of funds in our future. It follows an important trend as donors increasingly use bequests to make sizeable gifts to the University that would not be possible during their lifetimes. In contrast, Chuck and Jean Walgreen, having set up a bequest, are using additional funds now to make an immediate difference in programs at the University.