Raising and managing private support

Donors gave a record amount in gifts and pledges to the University of Minnesota in fiscal year 2007, reflecting their commitment to shaping a strong future for the U. The University of Minnesota Foundation (UMF) works to maximize the power of this philanthropic investment through sound fiscal management and by ensuring that gifts are used as the donors have requested. As the figures below show, a steady increase in gifts and growth in the endowment have, in turn, resulted in increased benefits to the U.
University-wide fund-raising results
Fiscal 2007
Fiscal 2006
Fiscal 1997
Gifts and pledges
$251 million
$181 million
$107 million
Gifts received*
$150 million
$137 million
$71 million
Number of donors
87,167
90,063
64,199
 
UMF management of private support
Disbursements for educational purposes
$80 million
$75 million
$45 million
UMF endowment
$1.4 billion
$1.2 billion
$496 million
Number of endowment funds
3,360
3,051
735
UMF assets
$1.7 billion
$1.4 billion
$582 million

*Excludes future gift commitments; includes cash, gifts-in-kind, and pledge payments.
 

About the University of Minnesota Foundation
The University of Minnesota Foundation was founded in 1962 as an independent non-profit organization. Its mission is to engage the resources of the private sector to build and sustain excellence at the University of Minnesota. The Foundation works with the colleges, departments, and affiliated foundations on all University campuses to raise gifts on behalf of the University. Recognized by the Board of Regents as the central development office for the University, the Foundation tracks and reports to the Regents all gifts that benefit the U.