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UConn Traditions
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Record-breaking campaign ends
at $471.1 million
Endowments set for student scholarships,
Campaign UConn exceeded its $300 million goal by a record-shattering $171.1 million. The largest private fund-raising effort ever conducted by a public university in New England ended June 30 with a total of $471.1 million, says John K. Martin, president of the University of Connecticut Foundation, Inc. The gifts and pledges from the six-year effort will support students, faculty and programs. Of the 115,000 individuals, corporations, charitable foundations and other organizations that made nearly 323,000 gifts and pledges, more than 61,000 were first-time donors. Alumni giving represented 46 percent of individual donors. This year also was the most successful single year of fund-raising in UConn history. It includes the largest gift ever received, an in-kind gift of engineering software valued at $146.1 million from UGS PLM Solutions, a subsidiary of EDS. The Annual Fund also surpassed its goal of $2.5 million, and investments earned an impressive 16.5 percent return. Every school, college and campus is benefiting from Campaign UConn. Of the donations received, $37.5 million is designated primarily for scholarships, $45.3 million for faculty support, and $388.3 million for program enhancements and some building projects. The impact of Campaign UConn can be measured by the 415 new endowments established. Of these, 253 are for student scholarships, fellowships and awards; 37 for faculty, including 17 endowed chairs and 8 professorships; and 125 for program support. The total number of endowments now stands at 1,016: 629 for students, 95 for faculty, and 292 for programs. In addition, the University’s endowment more than doubled, from $123 million in 1998 to $250 million in 2004. The largest gift by an individual was from Carole and Ray Neag ’56 (CLAS), who pledged a total of $23 million—$21 million in support of the Neag School of Education and $2 million to endow the Ray Neag Distinguished Chair in Vascular Biology at the UConn Health Center. “The leadership provided at the University and Foundation board level, coupled with the help of a committed corps of volunteers and strong alumni support, was integral to the Campaign’s success. Campaign UConn may have concluded, but it’s really the beginning of a new age for the University,” says Denis M. Nayden ’76 (BUS) ’77 M.B.A., chair of the Campaign UConn steering committee.
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© University of Connecticut
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