PUBLICATIONS Inside Illinois Vol. 27, No. 7, Oct. 4, 2007

University, UI Foundation receive $190.5 million in private gifts

Gifts to the UI and the UI Foundation for the fiscal year that ended June 30, totaled $190.5 million, according to Walter K. Knorr, UI chief financial officer and treasurer of the UI Foundation. Of the $190.5 million received, $54 million was designated to the UI directly and $136.5 million was contributed through the foundation. Total private giving increased 3 percent over the previous year.

Of the $190.5 million in private support received last fiscal year, $83.1 million, or 44 percent, came from alumni and friends, $50.9 million (27 percent) was from corporations, $36.8 million (19 percent) was from foundations and $19.7 million (10 percent) was from associations. Giving from alumni and friends alone increased by 9 percent, or $18.8 million, from the previous year.

Private gifts support a number of programs across the three campuses. Last fiscal year, $54.3 million of the $190.5 million raised was added to the endowment. Student financial aid in the form of scholarships, fellowships and student loans received $4.2 million in contributions. Donors to the UI provided $27 million to academic divisions, $47.6 million for research, $10.1 million for buildings and equipment and $13.7 million for public service and Extension. Gifts to UI athletics at all three campuses increased by $1.8 million over the preceding year, totaling $9.4 million.

Of the $190.5 million received last year, 69 percent or $131.4 million was designated by donors for current use. Twenty-eight percent or $54.3 million was invested in endowed funds, which are held in pooled investment accounts under the policy supervision of the Investment Policy Committee of the Foundation Board and the Finance and Audit Committee of the UI Board of Trustees.

“Total market returns,” Knorr said, “combined with new-gift development have produced a total endowment today that is nearly two and one-half times what it was 10 years ago, increasing from $892 million to $2.197 billion. That translates to total endowment growth of 9 percent annually over the past decade.”

The UI’s combined active and deferred endowment stood at $2.197 billion as of June 30, – an increase of nearly 23 percent over the previous fiscal year. The active endowment, which represents 69 percent of the university’s endowment picture, grew to $1.5 billion by the end of June.

Also included in the UI’s total endowment is $543.3 million in revocable deferred gifts designated to the endowment. Another $138.4 million is in charitable trusts and other irrevocable gifts held by the UI Foundation and others that are designated to the endowment.

Brilliant Futures campaign nearly halfway to $2.25 billion goal

One of the largest fund drives in higher education and the largest in the UI’s 140-year history has passed the halfway point in gift commitments as of Aug. 31.

The Brilliant Futures Campaign has reached $1,165,195,725 toward its goal of $2.25 billion.

The campaign, which began July 1, 2003, and will conclude Dec. 31, 2011, counts outright gifts, grants and pledges to the university as well as deferred gift commitments. Of the $1.165 billion raised to date nearly $774 million were outright gift commitments and more than $391 million were in deferred gift arrangements.

As of Aug. 31, nearly $834 million had been designated by donors for the Urbana-Champaign campus, more than $285 million for the Chicago campus, more than $14 million for the Springfield campus and more than $31.8 million for UI Foundation and university administration purposes.

Thus far, almost 24 percent of the giving or $490 million comes from alumni with another 11 percent, or $125.8 million, coming from non-alumni; 19 percent, or more than $225 million, comes from corporations and businesses, and the balance has been received from foundations and associations.

Of the total Brilliant Futures Campaign, $1.5 billion is the goal for the Urbana-Champaign campus; $650 million is for the Chicago campus and $28 million is for the Springfield campus. The combined goal for university administration and the UI Foundation is $72 million. The funding goals were determined by the chancellors at each of the three campuses according to priorities identified in a universitywide strategic planning process initiated by university President B. Joseph White in 2005.

$33.5 milion in gifts to benefit UI campus programs

Seventeen private gifts totaling about $33.5 million earmarked for programs at the Urbana-Champaign, Chicago and Springfield campuses were announced Sept. 28 at the UI Foundation’s 72nd annual meeting.

The gifts from alumni and friends, which will be included in the university’s ongoing $2.25 billion Brilliant Futures fundraising campaign, were highlighted at the foundation’s business meeting. Gifts made to the Urbana-Champaign campus include:

• Almost $10 million, outright and deferred, from Dr. Robert and Carolyn Springborn of Naples, Fla., to fund graduate and postdoctoral fellowships and undergraduate scholarships in the department of chemistry in the College of Liberal Arts and Sciences.

• $3 million outright from Dr. Richard and Joanna Heckert of Meeteetse, Wyo., to establish the Richard E. Heckert Chair and the Harold R. Snyder Fellowship in the department of chemistry.

• $2.5 million outright from The Khan Foundation Inc., of Champaign, that will create five Shahid and Ann Carlson Kahn professorships in the Center on Health, Aging and Disability in the College of Applied Health Sciences.

• $2.5 million deferred from Victor and Janet Buhrke of Portola Valley, Calif., that will provide scholarships, fellowships, postdoctoral fellowships and student research support, with an emphasis on analytical and physical chemistry in the department of chemistry. Their gift also will enhance instructional facilities, resulting in the renaming of the main lecture auditorium in Noyes Laboratory as G.L. Clark Hall.

• $2 million deferred from Charles and Barbara Hundley, who reside in both Champaign and Naperville, Ill. One half of their endowed fund will support a professorship in the Spurlock Museum, which will be filled by the museum’s executive director. One quarter of their gift will provide scholarships for members of the Fighting Illini football team, and the other quarter will be divided between the Illinois Promise need-based scholarship program and the James Newton Matthews Scholars Program.

• $2 million outright and deferred from Mannie and Cathy Jackson and their children, Cassie and Candace, to create the Mannie L. Jackson Illinois Academic Enrichment and Leadership Program in the College of Applied Health Sciences. The program provides first-generation college students and students from under-represented groups with mentorship, academic skill development, career leadership training and one-on-one support.

• $2 million deferred from Deborah Paul of Gurnee, Ill., that will create the Deb and Tim Paul Endowed Chair in Human Infectious Diseases and Immunology in the School of Molecular and Cellular Biology in LAS.

• $1.6 million outright from Tony Petullo of Whitefish Bay, Wis., that will fund a professorship and two fellowships in each of the School of Art and Design in the College of Fine and Applied Arts and the department of advertising in the College of Communications.

• $1 million outright from Steve and Sheila Miller of Houston, to create the Sheila M. Miller College of Education Fund and the Steven L. Miller Chemical Engineering Fund. The funds will provide unrestricted support for the College of Education and the department of chemical and biomolecular engineering.

• $1 million deferred from Donald and Nancy Harper of Melvin Village, N.H., that will provide unrestricted support for the College of Business.

• A seven-figure deferred gift from Nancy and Bruce Sullivan of Las Vegas that will create the Sullivan Endowed Chair in the department of mathematics in LAS.

Five gifts were made to the College of Medicine – four of them to the Chicago campus and one to the Urbana-Champaign campus.

• On the Urbana-Champaign campus, $300,000 outright from Dr. Charles C.C. O’Morchoe of Poulsbo, Wash., will endow the Patricia J. and Charles C.C. O’Morchoe Fellowship in Leadership Skills and the Joly-O’Morchoe Exchange Fellowship between the College of Medicine at Urbana and Trinity College in Dublin, Ireland.

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