July 16, 2012
K-State donors break fundraising record (again!)
Alumni, friends and corporate partners of Kansas State University made philanthropic gifts and commitments totaling $121 million in the fiscal year that ended June 30. This figure sets a new record in fundraising activity in the 68-year history of the KSU Foundation, surpassing the previous record of $107 million in fiscal year 2011.
"The generosity of K-State’s alumni and friends is deeply appreciated," said Curt Frasier, Beloit, chairman of the KSU Foundation Board of Directors. "This achievement is a testament to the 51,400 donors who contributed this year, which is up from 44,700 donors last year."
"This new record is a demonstration of commitment to the university’s leadership and strategic vision," said Fred Cholick, president and CEO of the KSU Foundation. "As the university moves toward the ambitious goal of becoming a top 50 public research university by 2025, philanthropic support will be crucial to propel that vision forward."
Of the $121 million total, $76 million was received in outright gifts, and $45 million was committed through pledges and deferred gifts, which will come to the university at a later date. These figures represent a total increase of $14 million from the previous year. There were 13 gifts or commitments of $1 million or more included in the total. Other highlights included the establishment of 92 new scholarships and four professorships or chairs.
"This is a new milestone for Kansas State University, and it is an honor to thank the donors who expressed their support of K-State so generously," said Kirk Schulz, president of Kansas State University.
"Just one-quarter of the university’s budget now comes from the state," Schulz said. "The remainder of the budget comes from three sources: tuition, grants and contracts, and private philanthropic support given through the KSU Foundation. This new landmark in fundraising will have a great impact on students, faculty and facilities at K-State, both immediately and in the future. There is no question that this level of support by the K-State family will assist the university in our quest to be recognized among the top 50 public research universities."
Philanthropic contributions to K-State are coordinated by the Kansas State University Foundation. The foundation staff works with university partners to build lifelong relationships with alumni, friends, faculty, staff and students through involvement and investment in the university.