CSU External Support Stays Constant
Contact: Clara Potes-Fellow, email@example.com, 562-951-4800
(January 31, 2006) — The California State University received $285 million in new gifts and commitments from donors in 2004-05 according to the CSU Annual Report on External Support presented today to the Board of Trustees.
This year’s external support funding, which is used to enhance campus programs and assist students financially, nearly matches the $284 million raised in 2003-04.
“The external support detailed in this report provides a margin of excellence that allows us to enhance programs, help more students, and fulfill our critical mission,” said CSU Chancellor Charles B. Reed. “Thanks to the ongoing commitment of our friends and supporters, the CSU is building a strong foundation for California.”
According to the report, charitable gift receipts (a combination of new gift receivables and pledge payments) totaled nearly $224 million, slightly down from the previous year’s $227 million. Alumni and friends provided more than $30 million for student scholarships and $37 million for advanced libraries, laboratories and classrooms, while academic programs and faculty support garnered another $62 million. University endowments also grew by $42 million. The vast majority (97 percent) of all charitable gifts go to donor specified interests.
“While the CSU depends on state funds to support many core educational
functions, the university increasingly relies on the generosity of private
donors to enhance the teaching and learning experience,” said Richard
West, CSU executive vice chancellor and chief financial officer.
The California State University is the largest system of senior higher education in the country, with 23 campuses, 405,000 students and 44,000 faculty and staff. Since the system was created in 1961, it has awarded about 2 million degrees, about 84,000 annually. The CSU is renowned for the quality of its teaching and for the job-ready graduates it produces. Its mission is to provide high-quality, affordable education to meet the ever-changing needs of the people of California. With its commitment to excellence, diversity and innovation, the CSU is the university system that is working for California. See www.calstate.edu
Last Updated: January 31, 2006