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Release: Immediate

UI Foundation receives record $42.5 million in outright gifts in 1996

IOWA CITY, Iowa -- Total outright gifts to the University of Iowa Foundation in 1996 reached $42.5 million, an increase of more than $5 million over 1995. This increase helped set new records for the foundation in its mission of supporting people and programs throughout the University of Iowa.

According to statistics being released in the foundation's 1996 Annual Report on Giving, which will be mailed to foundation contributors in May, total fund-raising productivity for the 1996 calendar year reached $71.6 million. This figure is a total of the $42.5 million in outright gifts (coming from 45,077 contributors, also a record high) and $29.1 million in planned gifts and future commitments through pledges, trusts, and bequests (a 48.6 percent increase over 1995).

"We are grateful to the many alumni and friends in Iowa, across the country, and around the world who are committed to helping advance the mission of the University of Iowa," said UI President Mary Sue Coleman. "And we value the expertise and enthusiasm of UI Foundation staff who encourage private support and then provide stewardship for funds raised. The results of these efforts can be seen all across campus."

In addition to support received by the foundation, approximately $40 million was received directly by the UI in 1996. This included a $14 million one-time gift-in-trust from F.W. Miller.

When outright gifts of $42.5 million received by the foundation are added to the $40.4 million in private support received directly by the university in 1996, the total is just under $83 million. Adding these outright gifts to the $29.1 million in future commitments to the UI Foundation brings the combined total of private funds generated for the university last year to $112.1 million--the first time in the foundation's history that this total has topped the $100 million mark.

"People today have many options when selecting how to direct their charitable dollars," said UI Foundation President Darrell D. Wyrick. "It is inspiring to see how many UI alumni and friends demonstrate their commitment to higher education by actively supporting the university's mission of teaching, research, and service."

Other highlights:

* The $42.5 million received outright by the UI Foundation included $17,593,532 from 23,108 alumni; $12,364,486 from 20,101 non-alumni; and $12,567,374 from 1,873 businesses, foundations, and other organizations.

* The average annual gift to the UI Foundation in 1996 was $392, up 11.4 percent over the prior year.

* More than 12,700 contributors gave to the Foundation two or more times during the year, bringing the total number of individual gifts received to 68,561. Alumni and friends from every state and from 31 foreign countries sent gifts to the UI Foundation in 1996.

* In 1996 membership in the Presidents Club, the UI's highest honor club for contributors, increased to 4,054.

* Of the $42.5 million outright gift total, 19.7 percent ($8.4 million) was designated for student financial aid; 16.4 percent (approximately $7 million) for buildings and equipment; 10.8 percent (approximately $4.6 million) for faculty development; 51.3 percent for collegiate, departmental, research, and special project funds ($21.8 million); and 1.8 percent (less than $1 million) for unrestricted use or endowment.

The University of Iowa Foundation is the preferred channel of private support for all areas of the UI. Foundation staff members work with the university's administration, colleges, and departments to set fund-raising priorities, expand the base of contributors, provide stewardship to multiply funds already raised, and conduct a variety of activities and fund-raising campaigns that advance the UI's institutional goals.