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Higher Ed Fundraising News (July 2018)

Even in the dog days of summer, the higher ed fundraising scene is bubbling with activity. Several institutions hit record-setting fundraising goals, while others watched with excitement as new campaigns kicked off. As always, July saw some movement across fundraising’s highest rank and order as two university presidents and a foundation chair announced resignations.

Advancement & Fundraising Fodder

July’s Financial & Fundraising News

“With Fundraising Complete, Fort Lewis College Set to Buy Rafting Company”

The Journal (July 3)Fort Lewis College students, faculty, and staff soon will have access to rafting permits on the Rio Chama and San Juan rivers in New Mexico and the Salt River in Arizona. The acquisition isn’t a commercial one; the purchase aims to expand academic and student-life programs to help with student recruitment and retention. Full story    

“3 Schools to Democratic Candidate: Remove Our Names From Campaign Material”

Dayton Daily News (July 11) – The University of Dayton, Sinclair College, and Wright State University asked Democratic congressional candidate Theresa Gasper to remove mentions of their institutions from a fundraiser invitation she sent supporters. Full story

“Michigan Tech Tops at Keeping Students & Alumni Engaged”

Michigan Tech News (July 11)CASE awards Michigan Tech’s Student Affairs and Advancement’s “life cycle of engagement” model its Grand Gold designation in the general advancement–collaborative programs category. Full story

“Higher Education Institutions Trust Blackbaud CRM to Power Growth & Success”

MarketWatch (July 16)A growing number of higher education institutions trust Blackbaud CRM as the right solution for managing alumni and constituent relationships with analytics, multichannel marketing, and expertise that empower institutions to increase fundraising dollars, retain more donors and advance engagement. Full story

“Board of Regents Welcomes New Members, Approves Renovations to Umphrey Law Center & Charles and Sandra Wallace Courtyard”

Baylor University News (July 20) – During its regular July retreat meeting, the Baylor University Board of Regents welcomed new board members, heard an update from Baylor president Linda A. Livingstone, Ph.D., on the “Illuminate Academic Strategic Plan” and other university initiatives, and approved a $1.24 million gift for renovations to the university’s law school and courtyard. Full story

“Peril for Small Private Colleges: A Survey of Business Officers”

Inside Higher Ed (July 20) – Forty-four percent of chief financial officers at four-year baccalaureate colleges say they are confident their college will be financially stable over the next 10 years, down from 52 percent a year ago and 54 percent in 2016. Full story

 

Fundraising Feats Accomplished

“Florida State University Wanted to Raise $1 Billion. They’ve Exceeded that Goal”

Tallahassee Democrat (July 5) – From the new Jim Moran School of Entrepreneurship downtown to renovations of the men’s and women’s basketball locker rooms, Florida State University is reaping the benefits of reaching out to private donors and philanthropists. Full story

“Giving to Purdue Hits Record $451.5 Million”

Purdue University News (July 10) – It marks the first time in Purdue’s history that contributors—alumni, faculty, staff, retirees, students, parents and friends, and corporations, and foundations—have donated more than $400 million in one year. Full story

“Penn State Raises Record-Setting $362.9 Million During 2017-18 Fiscal Year”

Penn State University News (July 17) – Through a campaign focused on Penn State’s impact on the lives of students and in the larger world, the University has achieved the strongest fundraising results in its history during the just-concluded fiscal year. Full story

“Union County College Foundation Surpasses Fundraising Goal”

NJ.com (July 18) – With more than 150 guests and volunteers in attendance, the Union County College Foundation surpassed its goal and raised nearly $55,000 at the 3rd Annual Close the Gap Campaign cocktail reception. Full story

“Wellesley College Completes Record-Setting Fundraising Campaign; Raises More Than $500 Million—One Year Ahead of Schedule”

Benzinga (July 18) – The college raised more than $500 million to support its mission to educate and empower the next generation of women who will shape their communities and change the world. The campaign was the largest ever undertaken by a women’s college. Full story

“Hiram College Announces Record-Breaking Fundraising Year with More Than $9.8 Million In Cash Gifts in Fiscal Year 2018”

The Weekly Villager (July 25) – The more than $9.8 million in this year’s gifts top Hiram’s previous record-breaking fundraising year of 2016, when contributions totaled $9.3 million and last year’s second-highest total when gifts exceeded $8.8 million. Full story

 

New Campaign Kickoffs

“Announcing ‘Transforming RIT: The Campaign for Greatness’ Blended Fundraising Campaign Seeks $1 Billion to Fund Scholarship, Research & Facilities”

Rochester Institute of Technology News (July 12) – The campaign is unique in that it’s blended, meaning RIT is seeking support from a variety of investors, including alumni, government and corporate partners, and research foundations and agencies. Full story

 

Fundraising Staff Shakeups

“University of Minnesota President Kaler Says He’ll Step Down in 2019”

MPR News (July 13) – University of Minnesota President Eric Kaler will step down in July 2019, the end of his eighth year running the university. Kaler’s current contract runs through the end of June 2020. His resignation will allow him to fulfill that contract, his last year in a fundraising role. Full story

“UC Berkeley Hires Fundraising Aide Involved in Pension Fund Bribery Scandal”

The Mercury News (July 18) – Last May, Deborah Kelley pleaded guilty to securities fraud for participating in a scheme to bribe Navnoor Kang, head of portfolio strategy for the New York State Common Retirement Fund, the nation’s third-largest public pension fund. Now, she’s helping fundraise for a UC Berkeley dean’s office. Full story

“Bruce Benson, CU President, Says He Will Retire in 2019”

Colorado Public Radio (July 18) – Benson’s retirement surprised Joe Garcia, president of the Colorado Community Colleges System and former lieutenant governor. The two had lunch Tuesday where they discussed their futures, but Benson never gave any clues of announcing his plans to retire just 24 hours later. Full story

“UConn Foundation Chief to End 5-Year Tenure in August”

The Connecticut Mirror (July 19) – UConn Foundation president and CEO Joshua R. Newton will resign after raising nearly $400 million during his tenure—an accomplishment the foundation touted as “the most prolific” in its history. Full story

Did we miss a great fundraising story? Send links, tips, or feedback to jeff.roberts@reeher.com. 


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