Aug. 11, 2009
Giving for UI in fiscal 2009 increases, passes $200 million for second time
Despite the worst economic downturn in decades, contributors to the University of Iowa Foundation and the UI made more than $203 million in gifts and gift commitments for the university during the fiscal year that ended June 30, 2009, an 8.2 percent increase in giving over the previous (2008) fiscal year.
Fiscal year 2009 was only the second time that combined UI and UI Foundation gift productivity passed the $200 million mark. The foundation's cumulative fundraising productivity since its formation in 1956 also passed the $2 billion mark in fiscal 2009.
The UI Foundation raised more than $173 million in outright and deferred gifts for areas throughout the university, an increase of 6.9 percent over the previous fiscal year. In fiscal year 2009, 63,752 donors made 102,569 gifts.
Gifts made directly to the University of Iowa totaled more than $30.6 million. (The UI acknowledges the UI Foundation as the preferred channel for private contributions that benefit all areas of the university.)
"The fact that our donors contributed $15.5 million more for the University of Iowa in fiscal 2009 than in fiscal 2008 is nothing short of remarkable," said UI Foundation President and CEO Lynette L. Marshall. "We are very gratified that thousands of individuals and organizations believe in, and continue to invest in, this great and resilient public university, especially now. Their confidence in the UI matches our own commitment to continue to build an even stronger university."
One gift commitment that helped to account for the increase was the $25 million pledge in September 2008 from the Fraternal Order of Eagles for a new diabetes research center at the UI -- a gift that UI President Sally Mason described as "extraordinary in its generosity and transformative for our biomedical research efforts." Mason also said she saw the overall trends represented in these recent giving statistics as "hopeful and promising."
"These long-term gift commitments will bear fruit for the UI in the form of more student scholarships, increased faculty support, better facilities -- all providing this university with the resources to rise above the current challenges and meet our mandate to teach, discover new knowledge and serve the world," Mason said. "And because they have always come through for their university, we know that the UI's alumni, friends and supporters will continue to stand with us, now and in the future."
For more information about the UI Foundation, visit the Web site at http://www.uifoundation.org.
STORY SOURCE: University of Iowa Foundation, P.O. Box 4550, Iowa City, Iowa 52244-4550
MEDIA CONTACT: Lynette L. Marshall; President and CEO, UI Foundation; 319-335-3305 or 800-648-6973; email@example.com
PHOTOS: High resolution and web-ready images of UI President Sally Mason are available (through Flickr): http://www.flickr.com/photos/uinews/3311948712/
A high-resolution image of UI Foundation President and CEO Lynette L. Marshall is available: http://www.uifoundation.org/about/president/marshall-hirez.jpg
A web-ready image of Marshall also is available: http://www.uifoundation.org/about/president/marshall.jpg