California State University Receives Record Donations in 2007-08
Erik Fallis, (562) 951-4800
(January 27, 2009) – Alumni and friends of the California State University (CSU) provided record support for the university, according to the CSU Annual Report on External Support presented today to the Board of Trustees.
In 2007-08, charitable gifts commitments of $442 million were received, up 35 percent from last year. The 2006-07 donations also exceeded all previous charitable giving records.
"Our donors have shown great generosity and placed their strong confidence in Cal State," said Garrett P. Ashley, CSU vice chancellor for university relations and advancement. "Especially in times of economic downturn, our friends and alumni understand the university’s commitment to building the workforce of tomorrow."
According to the report, which covers external support received from July 1, 2007 to June 30, 2008, charitable gift receipts (new gifts and pledge payments) totaled more than $260 million, besting the $234 million received in 2006-07 by almost 12 percent.
Donors provided more than $19 million for student scholarships, $24 million for public service programs and $92.5 million for academic initiatives, applied research, athletics, and other current university objectives.
Capital enhancements included $32 million to build top quality facilities, and $70 million added to endowments. Another $21 million in irrevocable deferred gifts were committed to provide for the future needs of the CSU.
In addition to charitable support, the CSU also received more than $1.2 billion in operating grants and contracts, of which $743 million came from the federal government.
Student financial assistance in the form of grants and work study programs accounted for nearly $406 million received in federal dollars. Much of the remaining federal grant funding went to work in a variety of fields such as: biotechnology, marine exploration, national intelligence, strategic languages, service learning and sustainability.
About the California State University
The California State University is the largest system of senior higher education in the country, with 23 campuses, approximately 450,000 students and 46,000 faculty and staff. Since the system was created in 1961, it has awarded nearly 2.5 million degrees, about 90,000 annually. 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.