Purdue donations of nearly $300 million second highest in university history
WEST LAFAYETTE, Ind. - Purdue University reported fundraising activity of nearly $300 million for the fiscal year that ended June 30, marking the second highest annual total ever for Purdue fundraising.
The fiscal year 2012 total of $298.8 million is 32 percent higher than 2011 and second only to the $311.7 million raised in 2003.
"We're grateful to the alumni and friends of Purdue who made our progress possible," said Purdue President France A. Córdova. "Much of what our faculty, staff and students have accomplished would not have happened without their philanthropy. Our donors help make a Purdue degree attainable for students with limited finances, they encourage our best and brightest to reach higher, and they provide the additional support needed for the basic research breakthroughs and inspire the innovations that drive our economy."
Signature gifts included:
* A $10 million anonymous gift for construction of the Center for Student Excellence and Leadership, the centerpiece of a student success corridor that will bring academic enhancement programs, student organizations and extracurricular activities into a new campus core.
* More than $10 million to endow undergraduate and graduate student scholarships and named faculty chairs. Donors signed more than 416 endowment agreements with Purdue this fiscal year, a significant increase that development directors credit to new matching gift programs.
* $10 million to Purdue's international programs for research, training and scholarships from Nanshan Group Co. Ltd., a leading aluminum company based in China. The company is building a $100 million, 435,000-square-foot aluminum extrusion facility in Lafayette in part for its proximity to Purdue.
• A gift-in-kind valued at $61.2 million for Synopsys electronic design automation software used in graduate and undergraduate engineering programs and microelectronic and nanoscale research in the School of Electrical and Computer Engineering.
President's Council membership reached 18,456 members in December, exceeding an 18,000-member goal set five years ago. The President's Council was established in 1972 to recognize the alumni and donors whose private giving is key to moving educational and discovery goals forward at Purdue.
Lisa Calvert, vice president for development, said the total fundraising reached $1.1 billion over Córdova's five-year tenure.
"We have achieved campaign-like results without holding a public campaign, which is a significant testament to the generosity of our donors, alumni, faculty and staff," Calvert said. "Fewer than five universities with official campaigns have accomplished results such as Purdue."
Annual fundraising totals at Purdue are reported according to the standards provided by the Council for the Advancement and Support of Education. Net fundraising production includes cash, real estate, gifts-in-kind, deferred gifts and new pledges. Payments made on pledges that were booked in previous fiscal years are not counted. A full report on Purdue fundraising efforts will be given to the Board of Trustees on July 20.
Writer: Chris Sigurdson, 765-496-2644, email@example.com
Note to Journalists: FY 2007 previously held the highest annual total for fundraising net production at Purdue. It has been adjusted to account for the rescission of the Alfred Mann Institute pledge, and 2003 now has the record at $311.6 million.