Archive for Tuesday, October 5, 2010

Financial support of KU sets a record with $110.2 million in FY 2010

October 5, 2010


Donors to Kansas University gave a record $110.2 million during the last fiscal year, a 3.6 percent increase over the previous year’s totals.

Kansas University sees records set in donations

Donors set records in amount given and number of donors this year. Enlarge video

KU Endowment Association officials said the figures include giving to the university, athletics corporation and KU Hospital.

The school received donations from 45,192 donors — also a record.

Dale Seuferling, president of KU Endowment, said he appreciated the support, particularly as KU embarks on a new capital campaign.

“It’s a great endorsement of the university’s priorities and what the university is seeking to achieve,” Seuferling said.

Private dollars typically benefit areas such as student scholarships, endowed faculty professorships and new building projects on campus.

KU’s capital campaign organizational committee is working on setting up volunteer leadership for the campaign along with other goals, Seuferling said. Once a goal is established and half the funds are raised, the campaign will move into the public phase.

Some of the gifts reported in the record totals are part of the initial fundraising done in support of the campaign, Seuferling said.

The projects supported with donations include an expansion of KU’s Lied Center lobby, a gift supporting the SELF engineering scholarships and a challenge grant supporting the Spencer Museum of Art.

KU is also seeking funds to move from a two-year to a four-year medical school campus in Wichita, and to establish a four-year medical program in Salina.

“We are definitely focusing on increasing our donor participation and attracting new donors every year,” Seuferling said. “We always try to meet or exceed last year’s fundraising totals.”


lawrenceguy40 7 years, 7 months ago

Good news! If it cannot be closed, the next best option is to stop the hard working taxpayer funding this liberal pit. A few weeks ago I believed donating to KU was a bad thing to do. Now I realize that most donors support the goals of KU and therefore society would do well for them to have less money to fund other whacky liberal ideas. KU is mediocre at best - I just hope they are as good at liberal indoctrination of our youth as they are at football!

remember_username 7 years, 7 months ago

Yeah, all those whacky liberal ideas like mathematics, natural and physical sciences, engineering, and medicine.

steveguy 7 years, 7 months ago

This should mean the state does not have to give KU as much money, And make it cheaper for the kids to go to school.

happyrock 7 years, 7 months ago

Good. More money to lose in the stock market. Please show up the performance for the last ten years for the endowment.

remember_username 7 years, 7 months ago

I don't get it. I keep hearing about this huge endowment and increased donations but at the teaching level we keep having to cut our budgets and teach more students (enrollment is up) with less resources (departmental funding is down). Where the heck is this money really going???

remember_username 7 years, 7 months ago

I was referring to our department and a few other similar departments that have experienced increased student enrollment, while funding has been reduced. I've gone to the endowment site but beyond annual reports details seem difficult to find.

yourworstnightmare 7 years, 7 months ago

The goal of the Endowment is to maintain and grow the size of the Endowment, not necessarily spending it to make KU a better place.

PugnaciousJayhawk 7 years, 7 months ago

"Some of the gifts reported in the record totals are part of the initial fundraising done in support of the campaign"

I wonder what the actual total would have been had some of these initial campaign gifts not been included.

Shardwurm 7 years, 7 months ago

There is only one thing KU can do in the face of record donations - RAISE TUITION!

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