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Archive for Tuesday, September 8, 2009

Private giving to KU sets a record

September 8, 2009, 11:05 a.m. Updated September 8, 2009, 5:42 p.m.

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Donations and pledges soared to a record $106.4 million for the Kansas University Endowment Association during the past year, lifted by contributions targeted for life-sciences research and for cancer treatment and prevention.

The total through June 30 marked a 13 percent increase from the record $94 million generated by the end of the previous fiscal year, the association announced Tuesday. The total number of donors also climbed to 45,186, the most during the association’s 118-year history.

Dale Seuferling, president of KU Endowment, said that the record levels of giving in an economic downturn showed that the giving public understands the needs of reinforcing university priorities, and showed confidence in KU’s overall mission.

“Really, it reflects the great depth and breadth of the university in so many ways,” he said.

Still, he said that while giving was strong during the first six months of the year, it tapered off during the last six months as economic conditions worsened.

“The willingness to be flexible with donors to establish pledges that they can pay over two-, three- or four-year periods as opposed to needing to have the commitment be completed all at once has been helpful,” Seuferling said.

KU Endowment is an independent, nonprofit organization that serves as the official fundraising and fund-management foundation for the university. Resources provided through the association help support university programs, projects, scholarships and other needs.

As KU continues to push for designation as a comprehensive cancer center by the National Cancer Institute, donors have provided resources during the past year to make these and other efforts possible:

• The new Institute for Advancing Medical Innovation, to help develop pharmaceuticals and biomedical devices.

• Expanded cancer treatment at KU Hospital through the Richard and Annette Bloch Cancer Care Pavilion.

“I am deeply grateful to our donors,” KU Chancellor Bernadette Gray-Little said in a statement. “In this difficult budget environment, our donors’ generosity is inspiring. It speaks volumes about their determination for KU to maintain its place as a world-class university.”

In addition to the $106.4 million in gifts and pledges, KU supporters also documented an additional $9.6 million in deferred gifts.

Other efforts made possible by donors making contributions during the past fiscal year, according to the association:

• 88 new endowed scholarships and 12 new student awards, to benefit students in perpetuity.

• Three new endowed professorships, to help recruit faculty.

Andy Hyland contributed to this story.

Comments

FarneyMac 4 years, 7 months ago

It's truly frightening that so many people think that education shouldn't be supported by the government. Of course, it's truly ironic that such people are generally failures at life.

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Gootsie 4 years, 7 months ago

the state only funds about 23% of KU's expenses. Thank goodness for generous people.

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OldEnuf2BYurDad 4 years, 7 months ago

For those who still think KU Athletics is from the devil: Do you see the correlation between the success of our sports programs and the rise in donations? When athletics do well, we get more donations and we get better students applying to the university. It's a well established pattern in higher ed.

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Pilgrim2 4 years, 7 months ago

driedoregano (Anonymous) says…

yep that 'Reagan Revolution' is working for the top 10%.

meanwhile, excerpt from Bill McKibben's 2007 book, Deep Economy:

The median wage in the United States is the same as it was 30 years ago. The real income of the bottom 90% of American taxpayers has steadily declined.

They earned $27,060 in real dollars in 1979, $25,646 in 2005. Even for those with 4 year college degrees, and even though productivity was growing faster than for decades, earnings fell 5.2% between 2000 & 2004 adjusted for inflation.

page 11, Holt Paperback edition


Looks like Richard has a clone. Richard spams the same ol' same ol' about health care, and this one has fixated on two paragraphs of a single book from an officer in the Apocalypse Cult to illustrate its class envy.

Pathetic.

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RoeDapple 4 years, 7 months ago

oops thought this was where rondas blog was AT!

;-) skinny

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Robert Kiefer 4 years, 7 months ago

I guess some people felt it would be better to give the money to the university before it gets stolen by the government!

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driedoregano 4 years, 7 months ago

yep that 'Reagan Revolution' is working for the top 10%.

meanwhile, excerpt from Bill McKibben's 2007 book, Deep Economy:

The median wage in the United States is the same as it was 30 years ago. The real income of the bottom 90% of American taxpayers has steadily declined.

They earned $27,060 in real dollars in 1979, $25,646 in 2005. Even for those with 4 year college degrees, and even though productivity was growing faster than for decades, earnings fell 5.2% between 2000 & 2004 adjusted for inflation.

page 11, Holt Paperback edition

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ozzynbn 4 years, 7 months ago

skinny (Anonymous) says… lawrenceguy40, let me ask you the same question, where did you go to college at?


Where did you go to school skinny? I see a preposition at the end of your sentence.

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lawrenceguy40 4 years, 7 months ago

skinny - I worked after HS and then five years later went to a small private college and worked through that. No handouts from anyone, period! Did you enjoy your four years at my expense?

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Flap Doodle 4 years, 7 months ago

At first glance, I thought the headline read "Pirate giving to KU...." Never mind.

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skinny 4 years, 7 months ago

lawrenceguy40, let me ask you the same question, where did you go to college at?

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lawrenceguy40 4 years, 7 months ago

Here's an idea - if there are enough folks willing to voluntarily donate their cash to the place, stop forcing the rest of us to fund it through our taxes. It is time this money sink learned to live within its means and the best way to do that is stop all taxpayer funding. They keep telling us what a great place it is, so let them prove it by standing on their own feet....

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jonas_opines 4 years, 7 months ago

This is refreshing. I somewhat expected to see all that new donation going to the Williams Fund. I'm glad to be proved wrong.

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Theno21 4 years, 7 months ago

'skinny' I hope your not trying to sound smart while ending a sentence in a preposition.

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skinny 4 years, 7 months ago

puddleglum, where did you go to school at??

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timetospeakup 4 years, 7 months ago

puddleglum you are dumb. Hemmenway is out of hte picture now, even if you can't get his name right. And this is the endowment, not the athletics corp, which is totally separate. Better luck next time you troll.

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puddleglum 4 years, 7 months ago

oh please, nobody is giving them any money-it is all being extorted from the athletic dept...."give us money & you will get tickets".......then lew and hemminway draw a bunch of cash out of the endowment....like last week? did you just forget?

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