U of I and Foundation Eclipse $200 Million in Giving for 3rd Straight Year
The University of Illinois and the U of I Foundation enjoyed another banner year in private gifts received for the fiscal year that ended on June 30, 2010.
The University and UIF raised $211.8 million, according to Walter Knorr, U of I chief financial officer and treasurer of the U of I Foundation. FY10 was the third consecutive year—and only the fourth year ever—that the University and University of Illinois Foundation eclipsed the $200 million mark in gifts received.
$54.3 million was designated to the U of I directly and $157.5 million was contributed through the Foundation. More than 150,000 gifts from 85,000 donors were recorded during FY10.
Knorr made the announcement at the U of I Foundation’s 75th Annual Meeting today (Friday, Oct. 1) to approximately 500 elected Foundation Members and members of the Presidents Council and Chancellor’s Circle.
“This has been another very good year for the University and the Foundation in terms of fundraising,” says Knorr. “Despite a shaky economy, we continue to make strides toward enhancing the future of the University through private support.”
“I am most excited about the year we had at Illinois,” says Sidney S. Micek, president of the University of Illinois Foundation. “We have many people to thank. Our alumni and friends of the University have stepped up and answered the call when they have been asked. Total gifts exceeded 150,000 for the first time ever. That is an amazing accomplishment.”
The $211.8 million in gifts breaks down as follows:
The $211.8 million in gifts received provided support for a number of initiatives across the campuses at Urbana-Champaign, Chicago and Springfield. This past year $97.2 million was raised for academic programs, $22.3 million for student support, $7.7 million for faculty support, $48.2 million for research, and $36.4 million for other purposes.
Of the $211.8 million raised last year, 71 percent ($150.3 million) was designated for current use funds. These funds are intended to be used during the current fiscal year. Also, $53.5 million was designated for the endowment. The UIF endowment produced a 12 percent return during FY10.
The active endowment of both the University and the U of I Foundation represents $1.289 billion as of June 30, 2010, or 62 percent of the total endowment of $2.096 billion. Deferred gift commitments to the University and the Foundation total $806.1 million. This deferred amount combined with the active endowment creates a total of $2.096 billion.
The University of Illinois Foundation, which was established 75 years ago, is dedicated to securing and administering private gifts for the University of Illinois and its three campuses. The Brilliant Futures Campaign is the third comprehensive capital campaign for the University of Illinois. The campaign began July 1, 2003, and is scheduled to conclude Dec. 31, 2011.
As of Sept. 15, 2010, $1.406 billion had been designated by donors for the Urbana-Champaign campus, $525 million for University of Illinois at Chicago, $23.8 million for the University of Illinois Springfield and $45.6 million for the U of I Foundation and University Administration purposes.
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