July 11, 2003
Purdue breaks fund-raising record despite economic climate
WEST LAFAYETTE, Ind. Defying the economic slowdown, Purdue University raised nearly $312 million in the recent fiscal year, surpassing its $300 million goal and breaking last year's total of $234 million.
The total for the past fiscal year, reflecting a 33 percent increase over the previous year, pushes Purdue past the halfway point in its $1.3 billion campaign goal bringing the overall total to more than $716 million.
Purdue President Martin C. Jischke said the fact that the university has set fund-raising records the past three years is a result of the continued support of alumni, friends and corporate donors and their belief in Purdue's ability to have a positive impact on Indiana's economy and quality of life.
"We are grateful and excited that our donors continue to share and support the Campaign for Purdue and the university's strategic vision," Jischke said. "We would not enjoy this success without the loyal and steadfast support of our donors and constituents who believe in, and have invested in, Purdue's pursuit of excellence.
"Our continued progress ultimately furthers our commitment to have a positive impact on all Hoosiers."
The silent phase of the Campaign for Purdue began in 2000 and was publicly launched last fall, making it both the largest in Purdue history and the largest university campaign in Indiana.
Campaign fund raising supports the objectives of Purdue's strategic plan, which include efforts to increase funds for student scholarships, faculty recruitment and retention, programs and centers, and facilities and equipment.
Of the almost $312 million raised during the 2003 fiscal year which ran from July 1, 2002, to June 30, 2003 Purdue alumni gave 34 percent of that total, corporations gave 49 percent, friends contributed 9 percent, and foundations and other organizations combined for the remaining 8 percent.
The $311,630,351 total included $196,369,758 in cash, $89,831,193 in deferred gifts and $25,429,400 in pledges.
Murray M. Blackwelder, senior vice president for advancement, acknowledged the role of individuals and corporations in helping Purdue meet its campaign goals.
"We feel that it is a true reflection on Purdue's ability to shape and transform lives that more than half of our gifts and contributions are from individuals," Blackwelder said. "These people share our vision of excellence, which can only be achieved with their help. It is an awesome and humbling feeling to know the pride and faith our alumni and friends have in us."
Some of the gifts and pledges made during the 2003 fiscal year include:
$116.1 million in software the largest corporate gift in Purdue history from Partners for the Advancement of CAD/CAM/CAE Education (PACE), an alliance involving General Motors Corp., Sun Microsystems and EDS. PACE donated 1,205 computer-aided design, manufacturing and engineering software packages.
$52.5 million from Indianapolis executive and Purdue alumnus William E. Bindley Purdue's largest individual gift ever. Of that gift, $7.5 million will fund construction for the new bioscience research center at Purdue's Discovery Park, and the $45 million remaining will fund endowments for faculty chairs, student scholarships and fellowships, and academic programs.
$7 million from the Burton. D. Morgan Foundation for the Burton D. Morgan Center for Entrepreneurship building.
$3.25 million from Indianapolis businessman and Purdue alumnus Robert Bowen and his wife, Terry, for the Robert L. and Terry L. Bowen Laboratory for Large-Scale Civil Engineering.
More than $3 million from retired banking executive and Purdue alumnus Dennis Schwartz, of Mishawaka, Ind., for a 60,000-square-foot indoor tennis facility, which will be named the Dennis J. and Mary Lou Schwartz Tennis Center.
$3 million from Richard Dauch, an alumnus and former Boilermaker football player, and his wife, Sandy, of Bloomfield Hills, Mich., for the new Dick and Sandy Dauch Alumni Center.
$1.8 million from former Purdue President Arthur G. Hansen, Zionsville, Ind., for the Nancy T. Hansen Proscenium Theater in the Visual and Performing Arts Building.
$1.8 million from entrepreneur and Purdue alumnus Tom Spurgeon, Peoria Heights, Ill., for the 11,400-square-foot Tom Spurgeon Golf Training Center.
$1.8 million from Norman and Karen Blake for the Blake Family Endowed Chair of Strategic Management in the Krannert School of Management.
$1.5 million from Purdue alumni Christopher B. Burke, a teacher and engineer, and his wife, Susan, for the Christopher B. & Susan S. Burke Professorship in Civil Engineering.
$1.3 million for the School of Mechanical Engineering from Purdue alumnus Roger B. Gatewood, of St. Petersburg, Fla., and owner of Westfield Homes USA in Tampa, Fla.
$1.1 million from the J.W. and Alice S. Marriott Family Foundation for the Marriott Hotel Tourism Management Demonstration Classroom in the Department of Hospitality and Tourism Management.
$1 million from Boeing Co. for a variety of academic scholarships, programs, organizations and projects supporting student development.
Writer: Jesica E. Webb, (765) 494-2079; firstname.lastname@example.org
Sources: Martin C. Jischke, (765) 494-9708
Murray M. Blackwelder, (765) 496-2144
R. Gregory Kapp, university development office, (765) 494-9888
Purdue News Service: (765) 494-2096; email@example.com
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