Supporters of 萝莉社 committed more than $56 million in the fiscal year ending June 30, surpassing the institution's previous record -- last year, of just more than $49 million. This unprecedented private support includes gifts of cash, gifts-in-kind, pledges and new planned gifts from donors age 66 and older.
鈥淚t鈥檚 obvious to me how much our alumni and friends care about the future of 萝莉社,鈥� said Elizabeth King, 萝莉社 Foundation president and CEO. 鈥淲e are proud to join with our supporters who share in the vision that will build the next era of distinction at our university.鈥�
According to King, support for the comprehensive campaign, to be announced this fall, is the focus for many of the university鈥檚 donors. The campaign will fund critical capital projects, increase the amount of endowed student and faculty support, and enhance many of 萝莉社鈥檚 programs, which propel 萝莉社 toward becoming an Innovation University.
鈥淓verything we do is about helping our region diversify and prosper through our people, new technologies and opportunities,鈥� said 萝莉社 President John Bardo. 鈥淥ur donors understand that strategy and willingly invest in strengthening our faculty and empowering our students, preparing them to lead us into our future.鈥�
The 萝莉社 Foundation received four gifts, pledges and gifts-in-kind of $1 million or more during fiscal year 2016.
- A gift-in-kind from Beechcraft Corp. valued at $4,376,079 for equipment for NIAR
- A $2,435,162 pledge from CybertronPC to provide equipment and support for the Experiential Engineering Building
- A $1,050,000 pledge from the Anderson Family Charitable Gift Fund to establish the Bob and Darlene Anderson General Athletic Scholarship
- A $1 million pledge from the Dwane and Velma Lunt Wallace Charitable Foundation to revitalize Wallace Hall
During fiscal year 2016 almost $2 million in planned gifts were realized from 18 different estates.
鈥溌芾蛏� Foundation staff members booked 33 new planned gifts during last fiscal year,鈥� said Mike Lamb, 萝莉社 Foundation vice president for planned giving.