DONORS GIVE CSU A RECORD $237.4 MILLION IN 1997/98
Donors contributed a record $237.4 million to the California State University in 1997/98, according to the 1997/98 Annual Report of the Survey of Voluntary Support for the CSU submitted to the CSU Board of Trustees today (Tuesday, January 26). The total, which includes gifts from alumni, parents and other individuals, as well as foundations, corporations and other organizations, increased by 37 percent -- up from $173 million in 1996/97.
Combined with $410.5 million in special revenue from sources such as sponsorships, bequests, trusts, multi-year pledges, contracts, grants, property transfers and endowment income, the total received from external funding in 1997/98 was nearly $648 million, an increase of 11.8 percent over last year.
"The progress the CSU has made in fund raising over the past several years is remarkable. It is the result of hard-working advancement professionals throughout the system and the leadership of our trustees, presidents and chancellor, as well as the generosity of contributors who demonstrated their confidence in the mission of the CSU," said Douglas X. Patiño, CSU vice chancellor for university advancement. "Increasing private support is essential in helping the CSU reach the next level of quality for our students."
Of the $237.4 million total raised from voluntary giving, 41 percent came from alumni and friends, 47 percent from corporations and other organizations, and 12 percent from foundations.
In the early 1990ís the CSU Board of Trustees encouraged campuses to increase their efforts in fund raising and provided support for their efforts. Since that time, voluntary support of the CSU has increased by more than 117 percent over the past six years, when the total was $109.4 million. Altogether, from 1992/93 through 1997/98 the CSU has raised $956.9 million in gifts.
CSU Long Beach had the largest amount of voluntary support for 1997/98 and the largest increase over the previous year. A $10 million increase brought the campus total to $36 million. Other campuses in the top five in 1997/98 fund raising are: San Diego State, $29.7 million; Cal Poly San Luis Obispo, $21.3 million; Fresno State, $20.7 million; and CSU Los Angeles, $18.5 million.
The 1997/98 CSU State Support Budget was $2.03 billion, meaning that the CSU now raises almost one dollar from external funding for every three dollars of state support.
Last year, a study found that 10 of the top 20 public masterís universities in the nation in total voluntary support were CSU campuses, including Long Beach at number one.
January 26, 1999