Campaign gifts set new fundraising record
Gifts and pledges to the institute of technology totaled $32.8
million during the 2000-01 fiscal year, setting a new fundraising
record for the University of Minnesota Foundation and propelling
the college toward its $160 million Campaign Minnesota goal.
"Our goal [with Campaign Minnesota] is to provide the resources
to make IT's programs stand out among the very best," says IT dean
H. Ted Davis. "Our alumni and friends are committed to helping us
reach that goal, and our remarkable success this year certainly
reflects their enthusiasm." According to development director Phil
Oswald, gifts of all sizes contributed to the college's record-setting
"Last year we had more individual donors—5,906—than in
any previous year," says Oswald. "Clearly, our message resonates
with a large number of our alumni and friends."
IT also received its two largest gifts ever, $7 million from ADC
Telecommunications and $5 million from the Hubbard Foundation. ADC's
gift supported chairs and fellowships in digital technology; Hubbard's
funded the University's share in a new telescope—the most powerful
on Earth—now under construction in Arizona.
Raising money to provide support for students and faculty—scholarships,
fellowships, professorships, and chairs—remains IT's top priority
for the year ahead, says Oswald. In addition, the college hopes
to endow a new strategic research fund. The college must raise an
additional $59 million by 2003 to reach its Campaign Minnesota target.
"Our goals are ambitious," adds Davis, "but our alumni and friends
are strongly committed to helping us achieve them. We share the
belief that an investment in IT's programs and people is the most
effective, creative way of shaping the future."
For further information, visit www.it.umn.edu/giving.