The California State University received a record $326 million in gift commitments during 2006-2007. The results underscore the continued confidence among donors in the CSU’s ability to graduate over 80,000
students each year and provide them with the knowledge-based skills they need to obtain a promising future.
Gift commitments include new gifts, pledges and testamentary provisions recorded during the period. This accrual method of reporting reflects the hard work of academic leaders, professional fundraising staff and countless volunteers who assist in the CSU’s fundraising success.
Charitable gift receipts, a combination of new gifts and pledge payments, totaled $234 million. This cash method of reporting indicates resources that have been received and invested in the CSU’s students, faculty
Within these gift receipts, the CSU received $143 million to enhance the margin of excellence in
current university objectives:
- $13 million for student scholarships
- $40 million for academic programs
- $7 million for applied research
- $1 million for faculty compensation
- $1 million for library operations
- $13 million for athletics
- $25 million for public service programs
- $5 million for physical plant operations
- $38 million for other university needs
Of all charitable gifts received, 97 percent were designated to specific interests identified by the donor. Only $6 million received was unrestricted and available to be directed to the university’s most pressing needs.
To support the future capacity of the university, over $28 million was contributed to build state of-the-art libraries, technologically advanced laboratories, contemporary performing arts centers and expanded athletic facilities. Additionally, donors added over $51 million to university endowments creating a lasting legacy of support. Irrevocable deferred gifts accounted for nearly $11 million in future support.
In addition to charitable support, the university received over $1.1 billion in operating grants and contracts revenue. Student financial assistance in the form of Pell Grants, Supplemental Educational Opportunity Grants and Work Study programs accounted for much of the $718 million received in federal grants.