CSU Fund Raising Weathers Slow Economic Times
Contact: Clara Potes-Fellow, 562-951-4806, email@example.com
(January 25, 2005) — Despite a lackluster economy that reduced charitable giving to higher education nationwide, the California State University achieved a solid $283 million in philanthropic support in 2003-04 while increasing dramatically its outside funding from operating grants and contacts.
Following national trends in giving to higher education, which have dropped each of the last two years, in-kind and cash gifts to the CSU declined by 4.4 percent to $227.4 million compared to $237.8 the year before.
Giving by organizations decreased 18.8 percent to $119 million. Corporations donated $72.3 million, foundations donated $33.4 million and other organizations donated $13.3 million.
However, giving by individuals increased nearly 20 percent from $91 million to $108 million. Parents and other individuals gave nearly $88 million, and alumni gave $20.5 million. CSU campus alumni associations currently have 113,000 members enrolled.
Four CSU campuses each exceeded $25 million in philanthropic support: San Diego State raised $63.4 million, Cal Poly San Luis Obispo raised $32.5 million, Cal State Long Beach raised $33 million, and Cal State Northridge raised 25.8 million.
Total external support — a combination of charitable gifts and sponsored grants and contracts — reached nearly $1.3 billion, a remarkable increase over the previous year’s total of $780 million.
Over the past decade, the 23 CSU campuses increased their fund-raising efforts, creating in the process campus endowments totaling some $621 million. The funds raised by campus efforts supplement the state budget, provide scholarships, and enhance the students’ educational experiences by keeping pace with advances in technology and applied research.
CSU Trustees received this and other financial information at their meeting today during the presentation of the 2003/2004 Annual Report on External Support. View the report at www.calstate.edu/UA/0304externalreport/index.shtml
The California State University is the largest system of senior higher education in the country, with 23 campuses, approximately 400,000 students and 42,000 faculty and staff. Since the system was created in 1961, it has awarded about 2 million degrees. The CSU is renowned for the quality of its teaching and for the job-ready graduates it produces. Its mission is to provide high-quality, affordable education to meet the ever-changing needs of the people of California. With its commitment to excellence, diversity and innovation, the CSU is the university system that is working for California. See www.calstate.edu.
Last Updated: January 25, 2005