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California State University receives $285 million in donations during 2005-06(January 24, 2007) — The California State University received $285 million in new gifts and commitments from donors in 2005-06 according to the CSU Annual Report on External Support presented today to the Board of Trustees.
This year’s external support funding, which is used to enhance campus programs and assist students financially, matched the $285 million raised in 2004-05.
“These gifts to the university help the CSU provide that ‘margin of excellence’ so important to helping support our academic programs, and our services for students and the underserved communities throughout California,” said CSU Chancellor Charles B. Reed.
According to the report, charitable gift receipts (a combination of new gift receivables and pledge payments) totaled nearly $216 million, slightly down from the previous year’s $224 million. Alumni and friends provided more than $13 million for student scholarships, and $112 million for library operations, athletics, and public service programs and other operational support. Academic programs and faculty compensation garnered $40 million. University endowments also grew by $43 million. The vast majority (97 percent) of all charitable gifts go to donor specified interests.
“These donations reflect our friends’ commitment to ensuring CSU continues providing top quality programs and campus facilities throughout the state. Their generosity is part of their growing legacy in helping the state remain economically strong and prosperous through the work of highly educated professionals,” said Richard West, CSU executive vice chancellor and chief financial officer.
In addition to charitable support, the CSU also received more than $1 billion in operating grants and contracts, similar to the amount received the previous year.
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Last Updated: January 24, 2007