Fund Raising Growth Puts UConn in Top Ranks
If Olympic medals were given for success in fund raising, UConn would be sporting a lot of well-deserved gold.
In fact, UConn and the University of Connecticut Foundation would take top honors not only for raising funds in general but for endowment growth, return on investment and increasing donor participation. They also have decreased the cost per dollar raised.
"By every measure, the University stands out," President Philip E. Austin says. "Our success in recruiting high-achieving students, rebuilding the campuses through the UConn 2000 program and attracting top-notch faculty has inspired donors, who have contributed heavily to our progress. Their contributions in turn have directly helped our students, both in terms of support for scholarships and in funding to support program enhancement."
The UConn Foundation's total revenue the past year was $75 million. A total of $19 million was used by the University, compared to $13 million last year. Distribution of the funds includes:
The University's average annual fund-raising growth rate of 22 percent for the past five years is double the national average. UConn has surpassed other New England public universities and put its fund-raising program in line with others such as the Universities of Alabama, Georgia, Missouri, Delaware, Kansas State, and Oklahoma State.
A comparison of the Foundation's five-year performance (FY '00 vs. FY '95) is very telling:
"The outpouring of support for the University has been phenomenal," says Edward T. Allenby, vice president for institutional advancement and president of the Foundation. "Our donors are excited about all the wonderful changes that have taken place and are taking place at the University of Connecticut. They are pleased to be a part of the transformation.
Donor participation and commitment to the University made the fiscal year that ended on June 30, 2000 the most successful yet:
The dramatic growth in the endowment is a result of outstanding management by the Foundation's Investment Committee, chaired by David Marks, president and chief executive officer of Allianz of America Inc., a Westport investment management firm. It has been fueled by the matching gift component of UConn 2000, which has provided an additional incentive for donors to contribute to the endowment.
"We are very grateful to the governor and the legislature for providing this incentive," Austin says. "Clearly, it has helped us attract private support."
Other areas where the University excelled in FY '00 include:
Even with their gold medal performances, the Foundation's fund raisers aren't resting on their laurels: