Colorado State Sets New Fundraising Record Of $19.5 Million
Thursday, November 6, 1997
NOTE TO EDITORS: Several large gifts to the university will
be announced during a public announcement at 10 a.m. Nov. 7
in Room 224-226 of the Lory Student Center on campus.
Interviews with donors will be available after the
announcement.
FORT COLLINS--For the second year in a row, Colorado State
University has set a fundraising record, bringing in $19.5
million in total gifts and pledges for the 1996-97 fiscal year.
"We're seeing an upward trend, and we owe that to hard work
as well as the loyalty and dedication of our friends, alumni and
donors," said Susan Coulter, vice president for university
advancement. "It's very exciting to see this upward trend and to
set new records, because the institution as a whole benefits."
The $19.5 million raised in gifts and pledges for the 1996-
97 fiscal year exceeded the goal for fundraising, which had been
set at $16.5 million. Private gifts and pledges were received
from 21,130 donors this fiscal year. The record-breaking year
follows up on last year's (1995-96) mark of $15.5 million, which
also was an all-time high.
Colorado State tomorrow (Nov. 7) will announce several major
gifts to the university, including three gifts that rank among
the largest ever to specific programs. These gifts, along with
other recent donations, put this year's fundraising efforts ahead
of schedule.
"Continuing this level of success will mean working even
harder, but we're committed to our goals and to moving in this
direction," Coulter said. "It's critical that the university is
able to communicate with friends and alumni to share the message
about the important work that we as a university are doing. And
once we've effectively shared the message, the support naturally
follows."
Coulter attributes much of the success to ongoing and
completed fundraising campaigns tied to major campus initiatives.
For example, last fiscal year (1996-97), the university
successfully completed the campaign to renovate and expand the
Morgan Library, reaching a private fundraising goal of $7.2
million. The university also is progressing in other campaigns,
including the $4.4 million plan to renovate Rockwell Hall--to
date, $3.9 million has been raised. In addition, the university
is nearing completion on a $1.5 million campaign for Construction
Management, having already raised more than $1.2 million.
"As a unit, university advancement is dedicated to helping
the overall university meet its goals," Coulter said. "Our recent
success in meeting and exceeding our fundraising goals is an
important part of helping the entire university achieve the
success it seeks. While the hard work must continue, it is
gratifying to see this level of continued success."
The university has also announced record investment returns.
The assets invested by the Colorado State University Foundation
earned 24 percent in fiscal year 1996-97. Total invested assets
as of June 30, 1997, were more than $70 million.
"Our return on investment at 24 percent far outpaced average
returns among other college and university funds, and that's nice
to see," said Kathleen Byington, president and chief executive
officer of the Colorado State University Foundation. "These funds
are used to support the university, its program and students.
We're pleased with these results and with the benefits the
results bring to the university."
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