Iowa State University

Inside Iowa State
July 17, 1998

ISU Foundation repeats $100 million fund-raising year

by Dalene Abner, ISU Foundation

Spurred by a record-breaking number of donors giving $1 million or more, the ISU Foundation has exceeded $100 million in private gifts for the second year in a row.

In the 12-month period ending June 30, private support reached $103,533,618. That figure includes all gifts received, new pledges and deferred commitments. The previous high, reached last year, was $100,083,453.

"A second $100 million year in a row speaks to the commitment our alumni, friends, faculty and staff have to Iowa State University," said President Martin Jischke. "This extraordinary support has played a role in every major achievement of this university."

Two other fund-raising records fell during the year. Total receipts, the funds available for immediate use or investment, grew from $35.7 million the previous year to $59 million. Total donors reached 49,918, up from the 48,599 who contributed the previous year.

A key factor to the year's success was the record number of individuals, corporations, and foundations providing gifts of $1 million or more during the year. Gifts included:

"Our success a year ago was prompted by a $34 million gift to the College of Agriculture," said Tom Mitchell, president of the ISU Foundation. "Gifts like that happen very infrequently, so we didn't expect to repeat another $100 million year. During the third quarter of the fiscal year, we realized we were closing in our $85 million goal. We started to believe that with a very focused, targeted effort, we might reach $100 million again."

Another contributor to the record-setting year was a record- setting annual giving program, Mitchell said. Through telemarketing, the foundation reached 86,787 donors whose average gift increased by $5, to $150. Giving to the Greater University Fund for Excellence also reached a new high, increasing 9 percent to more than $1.1 million.

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