Giving from Organizations
Gifts from organizations include giving from corporations, foundations and other organizations such as the United Way. In 2010-2011, gift receipts from organizations increased almost $19 million, or 15 percent, to $141 million.
This year, corporations increased their donations by $53 million, which included $5 million in company products. Corporations also support educational priorities by matching contributions from their employees. The CSU received over 3,000 matching gifts to enhance the value of individual contributions by nearly $1.3 million.
Foundation contributions increased 36 percent to $76 million from 2009-2010. The aggregate value of foundation gifts equaled almost one-third of all charitable gift receipts in 2010-2011. With 384 contributions, private foundations, including family foundations, contributed $29.5 million. Twelve gifts of $1 million or more were received by seven universities, including East Bay, Fresno, Long Beach, Pomona, San Diego, San José and Sonoma.
* Includes gifts from all organizations not defined as a Corporation or Foundation.
Up to the Challenge: $42 Million Kellogg Gift Propels Comprehensive Campaign
California State Polytechnic University, Pomona was founded on a legacy of giving, with its namesake founder being the driving force. In the 1920s, breakfast cereal pioneer W.K. Kellogg established his winter residence and ranch in what is now the northern edge of the campus. In 1949, two years before Kellogg’s death, the foundation that bears his name deeded the land to California’s state college system, reflecting his long-held belief that “education offers the greatest opportunity for really improving one generation over another.” Sterling K. Speirn, the foundation’s president and CEO, says Kellogg was a strong believer in higher education. “His vision of ‘investing in people’ has translated into the foundation’s fundamental belief that access to a high-quality education is vital to enhancing the lives of vulnerable youth.” In July 2010, the W.K. Kellogg Foundation announced it was awarding $42 million to Cal Poly Pomona, instantly more than doubling the university’s endowment and providing new opportunities for historically underrepresented groups. Through the years, the university and its students have benefited from the foundation’s generosity, including funds to establish scholarships and build the W.K. Kellogg Arabian Horse Center. The $42 million grant—a record cash gift to the CSU—comes at a propitious time for the university, coinciding with state budget cuts and Cal Poly Pomona’s $150 million comprehensive fundraising campaign, an unprecedented effort to expand the resources needed to ensure the university’s polytechnic mission.