University of Iowa Foundation News Release
Release: Feb. 12, 2003
(Photo: Michael New, UI Foundation president)
UI Foundation Sets New Records For Gifts, Givers In 2002
The University of Iowa Foundation recorded its most productive year ever in 2002, foundation officials announced today, with record numbers of outright gifts, pledges and contributors, as well as the highest total fund-raising productivity in the foundation’s 46-year history.
In 2002, outright gifts to the foundation totaled $67.5 million, a 4.2 percent increase over 2001. Future commitments, including pledges to be paid in future years, wills and trusts totaled more than $101 million, 70.3 percent more than those recorded in 2001. When outright gifts and future commitments are combined, the foundation’s total fund-raising productivity in 2002 reached nearly $169 million, approximately 36 percent above the total foundation productivity recorded in 2001.
“I believe our success is due to three main factors,” said Michael New, the foundation’s president. “First, UI alumni and friends continue to be among the most generous and loyal contributors in the country, despite the current economic downturn. Second, our foundation volunteers, staff and university colleagues worked very hard to get the message out about the importance of private support. And third, the public launch of our comprehensive campaign in June 2002 brought everything together and gave us the momentum to carry through a very successful year. We are deeply grateful for such a strong show of support for the university and its goals.”
At the end of 2002, the university’s “Good Better. Best. Iowa” campaign
had raised more than $592 million toward its $850 million goal, approximately
$66 million of which was recorded in the six months following the June kickoff.
Also last year, 60,870 contributors -- nearly 7 percent more than in 2001
-- made more than 105,000 gifts to the foundation, making 2002 the best year
on record for the number of gifts and the number of donors to the foundation.
When the foundation’s total productivity in 2002 is added to the $20.7
million in outright private support given directly to the UI, the combined
total of current and future private support committed to the UI and foundation
in 2002 is $189.7 million.
The University of Iowa Foundation is acknowledged by the UI as a preferred channel for private contributions that benefit all areas of the UI. Foundation staff work with a volunteer board of directors, 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 university's strategic goals.
For more information on the UI Foundation and its support of the UI, go to its web site at http://www.uiowafoundation.org.Additional statistics about annual giving from 2002 and previous years is available at http://www.uifoundation.org/about/statistics/
STORY SOURCE: The UI Foundation, 500 Levitt Center for University Advancement, Iowa City, Iowa 52244-4550.
CONTACT: Michael New, President, UI Foundation, 319-335-3305, email@example.com. Writer: Susan Shullaw.
PHOTOS/GRAPHICS: A chart illustrating the figures described in this release
is available for downloading at:
Photos of those quoted in this release are available at: