Giving to SUNY Oswego tops $2.5 million

imageSUNY Oswego received philanthropic gifts of more than $2.5 million for 2004-05, according to the campus Office of University Development.

The total of all philanthropic gifts was $2,515,798, which represents a 12.6 percent increase over the previous year. This amount is in addition to the $4.8 million received in grants and contracts for
research and sponsored programs.

Unrestricted gifts totaled $557,785, a 7 percent increase. Gifts restricted by donors for use by particular programs, including academic departments or athletics, came to $1,237,486, an increase of 16.7 percent. Capital gifts restricted to endowment or for buildings and equipment totaled $720,527, an increase of 12.2 percent.

Alumni represent the most significant source of annual gifts, accounting for 40.2 percent of the dollars raised. Gifts from alumni increased by 14.5 percent over the previous year.

Among other donors, gifts from parents saw the greatest percentage increase, up 52.2 percent to $55,967.

Additionally, donors committed $833,662 in new pledges that will be paid over a period of up to five years, an increase of 125.7 percent over commitments made the previous year.

The number of contributors also increased, particularly at the highest levels. Overall, the number of donors increased by 5.9 percent to 9,170.

The number of annual donors in the President’s Circle, which recognizes donors of $250 or more, increased by 10 percent to 754, and the those giving $1,000 or more increased by 8.3 percent to 156.

“These increases demonstrate growth in the maturity of SUNY Oswego’s fundraising programs and an increased understanding among alumni and friends of the importance that philanthropy plays in
supporting excellence and growth,” said Kevin Mahaney, vice president for development and alumni affairs.

These increases are also part of a national trend that saw charitable giving to non-profits increase by 5 percent to nearly $250 billion in 2004, according to Giving USA. Giving to education increased
by 5.4 percent, according to the report published by Giving USA Foundation and written and researched by the Center for Philanthropy at Indiana University.

“It is encouraging that gifts to Oswego rose by more than twice the national rate,” Mahaney said.

Among the many benefits of annual gifts to SUNY Oswego, he noted, are scholarships for students, funding for guest lecturers and opportunities for undergraduate students to work directly with faculty
on research projects, equipment for academic departments and athletic teams, campus beautification projects and support for programs such as Alumni Sharing Knowledge, which matches students with alumni for career advice and mentoring, and Alumni-in-Residence, which brings Oswego alumni back to campus to share their experiences with current students.

For more information on giving to Oswego, visit www.oswego.edu/giving.

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PHOTO CAPTION: Alumni Shine—Bill Shine ‘85, senior vice president of programming for Fox News Channel, visited with students as part of an Alumni-in-Residence visit to campus this spring. The program is one of many supported by annual giving to the college.

(Posted: Aug 04, 2005)

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