April 10, 2003
University Ranks
Fourth Among Public Schools for Fund Raising
MINNEAPOLIS / ST. PAUL--The University
of Minnesota has risen in national rankings
of fund raising, among both public institutions
and all U.S. universities, according to
an annual survey released by the Council
for Aid to Education (CAE), a division
of RAND.
Among public universities, the university
moved from sixth in 2001 to fourth in
fiscal year 2002, according to CAE. Among
all higher education institutions, the
university moved from 16th to 14th. The
University of Southern California ranked
first among all institutions.
The CAE rankings are based on gifts received
between July 2001 and June 2002. Since
then, giving to the university has accelerated,
according to Gerald B. Fischer, president
and CEO of the University of Minnesota
Foundation. "We are very pleased
with this performance," Fischer said,
"especially considering the economy,
financial markets and concerns about the
war, which have caused negative results
for other nonprofits."
The university is in the final year of
Campaign Minnesota, its historic drive
to build greatness. The campaign began
in 1996, counting ends June 30, and the
final result will be announced in September.
"In this final year of our campaign,
the momentum is very strong,” said
Fischer. "We’re deeply gratified
by the commitment that donors have shown
to building excellence at the university.”
More than 200,000 donors have supported
Campaign Minnesota, including 82,000 alumni
and 11,000 staff and faculty. Giving totals
include cash gifts and pledges, bequests
and other future commitments. About 98
percent of all gifts to the university
are designated by donors for specific
colleges or programs. Gifts and grants
provide about 10 percent of the university’s
resources each year.
For more information, please contact Martha
Douglas, University of Minnesota Foundation,
(612) 626-9712 or mdouglas@umn.edu or
Amy Phenix, University News Service, (612)
624-2801.
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