Top fundraisers 2010

College Search & Selection
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<p>Larry Page owes Stanford a lot more than Michigan–after all, it was at Stanford where he was supervised by Terry Winograd who helped him create PageRank (and who gave him the supposed “best advice” he ever got by encouraging him to pursue PageRank), and it was because of the professors at Stanford, like Rajeev Motwani and David Cheriton, that he and Sergey Brin got the connections to start Google–Cheriton was the one who got KPCB to listen to their idea! The Google founders know this, which is why they’ve supported Stanford for a while and will probably give huge donations in the future, likely more than to Michigan.</p>

<p>But why focus on them? What about the long list of other billionaires that Stanford’s produced? John Arrillaga has donated hundreds of millions by now, I think. Lorry Lokey almost as much. Vinod Khosla (founder of Sun Microsystems), Charles Schwab (already donated tons), Phil Knight (founder of Nike, already donated tons–the new business school is named after him)… the list goes on. Stanford’s ties to some 3,000 SV companies will probably bring in the most donations in the future, perhaps the reason Stanford’s been the top fundraiser for several years now. Yahoo, Cisco, NVIDIA, LinkedIn, Logitech, etc.</p>

22

<p>The facts are many if not most very wealthy people look to supporting broader goals than making a rich university a bit richer. Things like world poverty, education at the lower levels and health issues. Schools will get some money but not what many think.</p>

23

<p>“The Google founders know this, which is why they’ve supported Stanford for a while and will probably give huge donations in the future, likely more than to Michigan.”</p>

<p>Don’t be surprised if the name of the engineering college at Michigan changes to The Page School Of Engineering. That will require a few hundred million, which I’m sure he’ll be donating if he wants to get it. </p>

<p>[YouTube</a> - Larry Page’s University of Michigan commencement address](<a href=“Larry Page's University of Michigan commencement address - YouTube”>Larry Page's University of Michigan commencement address - YouTube)</p>

<p>phantasmagoric. You have no idea how much money Page will give to either school in the future, as neither do I. He does have a lot of ties to Ann Arbor as well. In any case, he has more than enough to go around to send substantial amounts to both schools. Heck, even enough for some money to Michigan State. Don’t expect any donations to Ohio State Sparkeye. I can almost assure you that won’t happen! LOL</p>

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<p>Larry Page has enough money to spread around to both schools and still have plenty left over. :D</p>

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<p>

</p>

<p>good info, thanks…</p>

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<p>Speaking of fundraising, Cal baseball was just reinstated indefinitely as alums and Cal baseball boosters raised significant money.</p>

27

<p>@rjkofnovi,</p>

<p>“Btw, Larry never completed his PhD.”</p>

<p>That’s right!! He received Honorary PhD from Michigan. ;-)</p>

<p>“Don’t expect any donations to Ohio State Sparkeye. I can almost assure you that won’t happen! LOL”</p>

<p>That is fine. At TOSU, we have quite a few Billionaires like Huiyan Yang whom as you alluded ‘will’ give back to their Alma Mater someday… Go Bucks! :)</p>

28

<p>^^^^Let me know when you reach 6 billion in endowment.</p>

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<p>

</p>

<p>this is absolutley fantastic</p>

<p>don’t know what UC Berkeley was thinking when they announced the closing of one of the best NCAA programs in a major sport.</p>

<p>how much was raised privately?</p>

30

<p>$9 Million I believe.</p>

31

<p>@rjkofnovi,</p>

<p>“Let me know when you reach 6 billion in endowment.”</p>

<p>I don’t see how this discussion has anything to do with TOSU reaching $6 billion in endowment?! Nonetheless, since you mentioned, TOSU was at ~$2 billion prior to the initiation of the $2.5+ billion fundraising campaign. The campaign is scheduled to end in 2016 = $2.5+ billion (and we have so far raised 1/3 of that amount!). With the compound annual interest and fundraising Guru - President Gee on the helm, I do see $6 billion endowment as a very obtainable goal for TOSU in the near future (~5 years imho). Go Bucks! :)</p>

<p>“Under his tenure, the university completed a $1.25 billion fundraising campaign two years ahead of schedule.” </p>

<p>In fact, Gee ended up raising $2 billion for Vandy! With TOSU’s resources and alumni network, I suspect that when TOSU’s fundraising is completed, Gee will raise roughly $3.5 billion for the school + $2 billion existing endowment + interest / investment portfolios, we should be at roughly $6 billion by ~2016. Last but not least, the University officials also have said that they’d like to be ranked first as the top fundraising institution by 2020.</p>

<p>source: [History</a> of the Office | Office of the Chancellor | Vanderbilt University](<a href=“http://www.vanderbilt.edu/chancellor/history/]History”>History of the Office | Office of the Chancellor | Vanderbilt University)</p>

<p>source: <a href=“http://www.dispatch.com/live/content/local_news/stories/2011/04/07/osu-seeks-deeper-pockets.html?sid=101[/url]”>http://www.dispatch.com/live/content/local_news/stories/2011/04/07/osu-seeks-deeper-pockets.html?sid=101&lt;/a&gt;&lt;/p&gt;

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<p>So come back to me in 5 years when the endowment is 6 billion. Of course by that time, Michigan will probably have over 10 billion. You Buckeyes are always playing catch up. LOL ;-)</p>

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<p>you michigan/ohio state boys stop with your nonsense!</p>

<p>every year there is only one of two schools that is better, much better</p>

<p>and that is</p>

<p>the winner of the Ohio State v. Michigan football game</p>

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<p>^^I disagree! LOL</p>

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<p>Trustees tout academic, financial advances; CFO to recommend full 3.5% tuition hike</p>

<p>The Lantern > Campus
By Gordon Gantt
Updated: Friday, April 8, 2011 16:04</p>

<p>Despite a looming budget storm that could include tuition increase recommendations, the Ohio State University Board of Trustees concluded their spring meetings with an optimistic tone.</p>

<p>Trustees repeatedly commented on the university’s positive momentum, citing strong development economically and in academics after two days of discussion on campus construction projects, strategic planning and a review of university finances.</p>

<p>The board voted to release $111.3 million to fund the medical center expansion. The group also approved a design change adding a 20th floor to the now $1.1 billion medical center. A $100 million federal grant awarded in December will fund the addition which will house the radiology/oncology unit.</p>

<p>A comprehensive fundraising campaign was also approved with a working goal of $2.5 billion by June 2016. The board said they expect to raise between 40 and 50 percent of the overall goal by the end of 2012. Since the beginning of the year, they have raised about $296 million, including the $100 million gift from Leslie H. Wexner and The Limited Brands Foundation.</p>

<p>OSU Chief Financial Officer Geoffrey Chatas said the university recorded $2.2 billion in total revenue in the first six months of fiscal year 2011. That is a six percent increase over the same period last year.</p>

<p>Final tuition decisions for fall 2011 will be made during the June board meeting, but Chatas said he plans to recommend the full 3.5 percent increase in undergraduate tuition as Gov. John Kasich‘s budget proposal allows.</p>

<p>Source: [</a>" + artTitle.replace(“-”,“”) + " - " + “The Lantern” + " - " + “Campus” + "](<a href=“http://www.thelantern.com/campus/trustees-tout-academic-financial-advances-cfo-to-recommend-full-3-5-tuition-hike-1.2150357]”>http://www.thelantern.com/campus/trustees-tout-academic-financial-advances-cfo-to-recommend-full-3-5-tuition-hike-1.2150357)</p>

<hr>

<p>“A comprehensive fundraising campaign was also approved with a working goal of $2.5 billion by June 2016. The board said they expect to raise between 40 and 50 percent of the overall goal by the end of 2012.”</p>

<p>Yap, I was pretty much right on target!! Even though TOSU’s $2.5 billion fundraising campaign was scheduled to be completed by the June 2016. So far, it is ahead of the schedule and will be roughly 40 to 50% completed by 2012 as the above article indicated. As a result, similar to President Gee’s past fundraising performance at Vanderbilt, the $2.5 billion target should be reached by 2014 (2 years ahead). In short, I had predicted a total of approx. $3.5 to $4 billion will be raised when all it’s said and done by 2016. Currently, TOSU is seating on top of $2.5 billion endowment. Go Bucks!! :)</p>

<p>P.S. I recall President Mary Sue Coleman at the University of Michigan also had accomplished similar feat. From 2000 to 2008, the “school up north” raised $3.2 billion, beating its goal of $2.5 billion. :p</p>

<p>Source: <a href=“http://www.time.com/time/specials/packages/article/0,28804,1937938_1937933_1937916,00.html[/url]”>http://www.time.com/time/specials/packages/article/0,28804,1937938_1937933_1937916,00.html&lt;/a&gt;&lt;/p&gt;

36

<p>Sorensen turned in key Ohio State campaign goals weeks before death</p>

<p>Business First - by Carrie Ghose
Date: Monday, April 18, 2011, 2:14pm EDT</p>

<p>Andrew Sorensen, Ohio State University’s chief fundraiser, died Sunday at the age of 72.</p>

<p>Just weeks before his death, Andrew Sorensen put in place the outline for Ohio State University’s strategy to raise $2.5 billion by 2016.</p>

<p>Sorensen, 72, died at home Sunday. The two-time university president and longtime friend of Ohio State President Gordon Gee had started in September as senior vice president of development to lead the campaign.</p>

<p>In his final presentation to trustees on April 7, Sorensen outlined the school’s advantages and challenges and laid out goals for increasing first the dollar value and then the number of gifts.</p>

<p>The campaign has been in a hushed planning phase since 2008, though trustees approved moving into an official “quiet” phase in which lead donors are approached. They tasked Sorensen with leading the effort for a strategic plan.</p>

<p>The plan is expected to enter the “public” phase when half the goal is reached, likely fall of 2012.</p>

<p>Ohio State attracted a record 33 commitments of $1 million or more in the year ended June 30, and this year landed its largest-ever $100 million pledge from board Chairman Les Wexner, CEO of Limited Brands Inc.</p>

<p>Sorensen told trustees he wanted to double the level of annual giving to $600 million by 2020. For the campaign, he laid out goals of securing 48 pledges of $5 million to $100 million and 193 of $1 million to $5 million.</p>

<p>In a statement, Gee said Sorensen had become effective quickly by helping match the interests of alumni and other supporters with ongoing work at the university.</p>

<p>“He brought enormous energy, wisdom and wit to his work,” Gee said.</p>

<p>University officials said they would await commenting on an interim replacement and the next steps for the campaign until after Sorensen’s funeral on Tuesday.</p>

<p>Source: <a href=“http://www.bizjournals.com/columbus/news/2011/04/18/sorensen-turned-in-key-ohio-state.html[/url]”>http://www.bizjournals.com/columbus/news/2011/04/18/sorensen-turned-in-key-ohio-state.html&lt;/a&gt;&lt;/p&gt;

<hr>

<p>It’s a truly a sad day for TOSU due to the unexpected passing away of our Chief Campaign Fundraiser - Dr / Pastor Andrew Sorensen. </p>

<p>Fortunately, he had just completed the strategic plan for the school to complete its fundraising goal and also to become #1 fundraising school in the country as outlined by 2020. Still… it’s a sad day for the buckeyes!! God Bless!!</p>

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<p>Most of the money “raised” in large campaigns in in pledges and not in cash in the bank. Many of those pledges will be paid over 5 and even 10 years so it remains to be seen if there is a major bump in the annual numbers which are cash received that year–not pledged money. Such campaigns often just subsitute gifts over time for annual gifts.</p>

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<p>^^ I see. Thanks for the insight!</p>

39

<p>Majority of Flagship University Endowments Increase Despite Economic Downturn</p>

<p>Monday, April 18, 2011 :: Staff infoZine
By Gabriel Weinstein </p>

<p>More than half of flagship university endowments – funds that provide scholarships and special programs – weathered the economic firestorm of 2008 and 2009 and increased modestly over the past five years.</p>

<p>Washington, D.C. - infoZine - Scripps Howard Foundation Wire - Thirty universities’ endowments grew from 2006 to 2010, while 18 shrank, according to a survey conducted by the Scripps Howard Foundation Wire of 48 flagship universities and their nonprofit foundations.</p>

<p>Foundations linked to public universities (called IRFs) that manage universities’ endowments with substantial assets in fixed incomes and domestic equities have done particularly well in the past two years, said William Jarvis, managing director of the Commonfund Institute, which provides education about investing for nonprofits and universities.</p>

<p>“They were in the spot that was the sweet spot,” Jarvis said. “If the stock market slows down, IRF’s will also slow down.”</p>

<p>Endowment data for 2009 and 2010 were collected from the National Association of College and University Business Officers-Communfund Study of Endowments. Data for 2006, 2007 and 2008 were collected from the NACUBO Endowment Study.</p>

<p>chart
Larger View link (opens new window) Source: NACUBO-Commonfund Study of Endowments / Graphic by Danielle Alberti
Other data were obtained from university and foundation officials. The Scripps Howard Foundation Wire collected data about one public university in each state, the campus the state designated as its flagship, four-year school. For states without flagships, or for those with more than one, the SHFWire chose the public university with the largest enrollment.</p>

<p>Consistent data for the University of Maryland, College Park and the University of South Carolina, Columbia were not available from the NACUBO-Commonfund reports, and the universities did not respond to requests for information.</p>

<p>The financial crunch made it difficult for university endowments to maintain spending levels and payout rates. Bryan Benchoff, president of the University of South Dakota Foundation, said the foundation supported the university at the same spending levels during “scary times” and still grew to $126 million in 2010, a 24 percent increase since 2006.</p>

<p>“Our board won’t pull the rug out from the university,” Benchoff said. “We still kept the same payout rate while others did not. … I was proud of that.”</p>

<p>A diverse investment portfolio, change in investment philosophy, an ongoing $1 billion campaign drive and two $100 million gifts from oil tycoon T. Boone Pickens have fueled the Oklahoma State University Foundation’s endowment’s surge, said foundation President Kirk Jewell.</p>

<p>The endowment was $382 million in 2006 and was valued at $620 million on March 31. Jewell said the endowment’s growth will fund scholarships, faculty positions and new facilities.</p>

<p>“It’s not only our investment performance. From a fundraising standpoint, we’ve done more in the past three years than the past eight,” he said.</p>

<p>The OSU foundation was not immune to the financial tumult of 2008. The endowment plummeted from $617 million in 2008 to $454 million in 2009.</p>

<p>A similar mix of solid investing, alumni involvement and internal culture change helped spark massive growth in the endowment of the University of Massachusetts system. The UMass system includes five campuses.</p>

<p>Jack M. Wilson, UMass system president, said educational programs for university officials and a volunteer alumni endowment committee of “rock star” finance executives, were created to stress the importance of a strong endowment.</p>

<p>“Building an endowment wasn’t seen as critical to the success of the institution,” Wilson said. “We put individuals in place that knew raising an endowment was a very important aspect of a public university.”</p>

<p>The endowment mushroomed to $459 million in 2010 from $260 million in 2006.</p>

<p>The endowment’s growth has allowed the UMass system to establish new scholarships, professorships and increase financial aid.</p>

<p>UMass’s endowment fell from $390 million in 2008 to $372 million in 2009.</p>

<p>The financial trauma of 2008 and 2009 caused the University of Alaska Foundation to reassess its investment philosophy, said Tammi Weaver, the foundation’s chief investment officer. The foundation manages assets and the holdings of the system’s three main campuses and affiliated community colleges. The endowment increased from $266 million in 2006 to $311 million in 2007 before sinking to $213 million in 2009. Alternative investments that did not survive the crisis were a major reason the endowment plunged Weaver said.</p>

<p>“Five years ago, we were trying to look like the big guys and moving toward heavier alternative investments,” she said. “It hit us hard. We started discussions before the economic crisis, but the recession drove it home.”</p>

<p>The endowment’s estimated value was $256 million as of March. Weaver said she hopes that a new state law providing tax exemptions to corporations making donations to higher education and a new investment strategy will spur the endowment’s growth.</p>

<p>“We’re trying to keep it simple, transparent and focused,” she said.</p>

<p>Ohio State University learned even the most diversified portfolios are not insulated from the pressures of the market, said Jonathan Hook, the university’s chief investment officer. Its endowment shriveled to $1.6 billion in 2009 from its all-time high of $2.3 billion in 2007.</p>

<p>A reformulated investment strategy instituted in mid-2009 helped the endowment to exceed performance expectations. The endowment was valued at $1.9 billion in 2010, and Hook said it has now vaulted past its 2008 value of $2 billion. He expects the endowment to surpass its 2007 value soon.</p>

<p>“As of today, the morale around campus is very strong with many positive changes occurring, one of which is the positive trend of the endowment,” Hook said in an e-mail.</p>

<p>Bill Nevin, director of communications for the West Virginia University Foundation, said the endowment’s recent struggles are not unique. The WVU Foundation’s endowment was $381 million in 2006 and peaked at $437 million in 2007. It is now valued at $337 million.</p>

<p>Rick Kraich, vice president of investments at the WVU Foundation, said the endowment is performing well.</p>

<p>Nevin said the foundation’s supporters donated $80 million in 2010.</p>

<p>“We still maintained confidence,” Nevin said. “People are very passionate about West Virginia University and still felt it was important to support the university even if they were faced with financial difficulties.”</p>

<p>Source: [infoZine</a> - Majority of Flagship University Endowments Increase Despite Economic Downturn - Kansas City, Missouri News](<a href=“http://www.infozine.com/news/stories/op/storiesView/sid/47183/]infoZine”>http://www.infozine.com/news/stories/op/storiesView/sid/47183/)</p>