Purdue News
Purdue News
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September 4, 2001 Purdue fund raising surpasses $173 million, private support risesWEST LAFAYETTE, Ind. – Purdue University reached a new level of private support during the 2000-2001 fiscal year with gifts and pledges surpassing $173.9 million – a 53 percent increase over last year's fund-raising efforts.
Purdue President Martin C. Jischke said the surge shows the strong affection, commitment and support the university inspires from alumni, friends and corporate donors. "This administration is making a concerted effort to ensure our university has the resources to build on its outstanding legacy of learning, discovery and engagement," he said. "Together, we have made a huge step toward turning our vision of Purdue's future into reality." The 2000-2001 fiscal year ended June 30. Total gifts and pledges rose from $113.3 million to $173.9 million, which exceeded the year's goal by $53.6 million. The $173.9 million amount includes: • $43.2 million in pledges. • $95 million in outright gifts of cash and securities, a 59 percent increase. • $20.4 million in irrevocable deferred gifts, an increase of 101 percent from last year's $10.1 million. • $550,697 in real estate gifts, a 412 percent increase. • $514,152 raised in the annual telefund campaign, a 90 percent increase. • $14.6 million in gifts-in-kind, such as computers, software and laboratory equipment. Alumni provided 50.5 percent of the total gift revenues; corporations and foundations, 28.4 percent; friends, 20.9 percent; other 0.98 percent. The President's Council – 5,399 families who annually give more than $1,000 and 647 corporations that have made cumulative gifts of more than $100,000 to the university – were responsible for $103.2 million of the total giving. That represents a 36 percent increase.
Associate Vice President for Development Carolyn S. Gery said the growth in fund raising can be attributed to several factors. "We can thank President Martin C. Jischke's leadership, the reorganization of the Office of Development, the hard work of the staff and the generosity of many donors," Gery said. Purdue plans to announce many of these and other gifts during Discover Purdue Week, which begins Friday (9/7) and runs through the following week, culminating with the Sept. 15 Purdue-Notre Dame football game. Discover Purdue Week will kick off a yearlong campaign to help Hoosiers "Discover Purdue." The week will begin with the Friday groundbreaking for Purdue's new nanotechology center, the product of government and private support. The university also will unveil plans for Discovery Park, a 40-acre center for interdisciplinary research. Other announcements planned for that week include: • A donation of patents worth millions of dollars. • Funds for scholarships in the School of Consumer and Family Sciences and its Center for Families. This gift will cap Purdue's School of Consumer and Family Science's three-year fund drive and celebrate the school's 75th anniversary. • Federally provided electronic measurement equipment for the School of Technology. • A bequest of real estate. • Support for Discovery Park. • A gift to help retain and attract leading faculty. • Gifts for Ross-Ade Stadium's renovation. Gifts and pledges announced earlier for the just-ended fiscal year include: • $10 million from Purdue alumnus Jerry Rawls will go toward the Krannert School of Management's $55 million Krannert at the Frontier campaign. The campaign is raising funds for a new building, scholarships, professorships and high technology. The new building will be named after Rawls. • $9 million pledged by 1947 chemical engineering graduates Robert and Marilyn Forney will cover the engineering and design fees and a major portion of the estimated $20 million-plus enhancement costs to the school's chemical engineering building, the school's largest expansion and renovation project in more than 60 years. • $5.9 million from the Estate of Basil Turner will go into the Basil Turner Endowment. • $5 million pledged from the Ford Motor Co. will go to support a new laboratory and expand robotics research. The pledge adds to Ford's $9 million commitment from 1999 to 2004. Ford made the pledge to create the Perception Based Engineering Laboratory, in which research will help manufacturers engineer and improve product designs. • $1 million from a group of Purdue University alumni who work for Accenture (formerly Andersen Consulting), together with a matching grant from the company's foundation, will help fund an endowed professorship in information technology at the Krannert School of Management. • $1 million from William and Sally (Berner) Hanley provides a cornerstone to a three-year campaign by the School of Consumer and Family Sciences to raise $10 million. The gift will help fund the Berner-Hanley Professorship in gerontology. • $1 million from the J.W. and Alice S. Marriott Family Foundation will go toward a state-of-the-art teaching laboratory-classroom in the Department of Hospitality and Tourism Management. Sources: Martin C. Jischke, (765) 494-9708 Carolyn S. Gery, (765) 494-2735; cgery@purdue.edu Writer: Grant A. Flora, (765) 494-2073; gflora@purdue.edu Purdue News Service: (765) 494-2096; purduenews@purdue.edu Related Story: NOTE TO JOURNALISTS: Publication-quality photographs of Martin C. Jischke and Carolyn S. Gery are available at https://news.uns.purdue.edu or at ftp://ftp.purdue.edu/pub/uns/. They are called Gery.jpeg and Jischke.M.jpeg.
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