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Background on the Good. Better. Best. Iowa campaign
Posted April 29, 2004
Campaign Overview
New dollar goal:
$1 billion (increased from $850 million)
Total gift commitments as of April 27, 2004:
$730 million
Progress toward goal:
73 percent
Campaign time period elapsed:
76 percent
Number of contributors (January 1, 1999, to April 1, 2004):
104,215
Campaign period:
January 1, 1999, through December 31, 2005 (7 years)
Context of New $1 Billion Campaign Goal
The $1 billion goal places the UI in select company. Iowa is one of only 22 public colleges and universities nationwide to have announced billion-dollar campaigns.
The University of Iowa is the third smallest public, comprehensive university (joining the University of Virginia and the University of North Carolina at Chapel Hill) to have established a fund-raising goal of $1 billion or more.
Campaign Milestones
(since January 1, 1999, launch)
Five gifts of $10 million or more, totaling more than $150 million:
- Roy J. Carver Charitable Trust --$63 million for biomedical research, including new facilities and faculty support (news release)
- Henry Tippie -- $30 million for business education
- Holden family -- $25 million for cancer research and care (news release)
- Jerre and Mary Joy Stead -- $25 million for business education (news release)
- Marvin and Rose Lee Pomerantz -- $10 million for career services programs and facilities (news release)
Prior to the campaign's launch in 1999, the foundation had received no gifts at this level.
Additional Good. Better. Best. Iowa milestones:
- 105 gift commitments of $1 million or more
- 46 percent increase in numbers of gifts each year (from 72,138 in 1998 to 105,173 in 2003)
- 26 percent increase in annual alumni giving (from 11 percent in 1998 to 14 percent in 2003)
- 20 percent increase in annual outright gifts (to $62.4 million in 2003, compared to $52 million in 1998)
- 31 percent increase in the number of annual contributors (to 62,025 in 2003, compared to 47,191 in 1998)
- 37 percent of the outright gifts ever received by the UI Foundation (from its founding in 1956 to the present) have been made during this campaign ($325 million during the campaign period, out of $885 million total since 1956)
- Campus Campaign (active phase concluding 12/31/03) has increased the number of UI faculty and staff who have made a gift to the UI from 15 percent to 26 percent, with more than $23 million in gift commitments from faculty and staff during the course of the campaign
Progress toward featured campaign goals
Student support
- $120 million raised toward new goal of $172 million (70 percent)
- 66 new Presidential Scholarships (endowments of $150,000 or more)
- 109 percent increase in funding available to the UI for student aid since the campaign began
- New goal includes $30 million for need-based scholarships
Faculty support
- $100 million raised toward new goal of $214 million (47 percent)
- 85 new endowed faculty positions created
- 48 percent increase in number of endowed faculty positions
- New goal includes $25 million for fellowships and other support for faculty vitality throughout the career cycle
Facilities support
Private funding completed on seven new UI facilities, providing more than 500,000 square feet of state-of-the-art classroom, lab and meeting space to UI students, faculty, staff and visitors:
- Medical Education and Research Facility (news release)
- Carver Biomedical Research Building (news release)
- Seamans Center for the Engineering Arts and Sciences
- Gerdin Athletic Learning Center (news release)
- Carver Mississippi Riverside Environmental Research Station (news release)
- UI Athletics Hall of Fame (Roy G. Karro Building) (news release)
- Blank Honors Center (news release)
Fund-raising in progress for seven other projects (new construction and renovation)
Programmatic support
- $256 million raised toward new goal of $261 million goal (98 percent)
- Includes major gift support for areas such as Hancher Auditorium, the UI Libraries, the UI Museum of Art, intercollegiate athletics and research programs in all areas of the UI
- New goal includes $60 million for world-class centers and institutes
Unrestricted support
- $11 million raised toward $30 million goal (37 percent)
- Provides resources to be used by the UI President for campus-wide areas of greatest need
Annual/sustaining support
- $147 million raised toward $150 million goal (98 percent)
- Funds are directed by alumni and other contributors to ongoing funding needs in UI colleges and other units
Back to the main news release.
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