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- NIU Foundation records
all-time-highest gift totals in FY2000
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- Gifts received by the NIU Foundation
totaled more than $12 million in
- FY2000 - an 84 percent increase over
the previous year's record total.
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- Several major gifts in the fiscal year
which ended on June 30th swelled NIU's endowment - the critical
permanent funding base used to assess the strength of a university's
overall private funding reserves - to more than $20 million dollars.
That total represents a 24% increase over
- the previous year; by comparison, Northern's
endowment stood at less than $6 million just five years ago.
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- Adding in non-gift income (such as
funds from NIU's Pepsi contract and revenues from the Alumni
Association credit card), and documented commitments from donors
pledging life insurance policies and other long-term gifts, total
Foundation activity for FY2000 topped $14 million.
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- "It's been a wonderful year,"
said Foundation President Mallory Simpson. "I think what
we're seeing is predictive of how well we can do, and how much
our alumni and friends value Northern Illinois University."
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- "Our investment performance has
been good, but the real difference has been in cash gifts,"
Simpson added. " The increase in cash and the increase in
the endowment are due to good development work."
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- Northern's Huskie Telefund, the student-staffed
telephone solicitation program, surpassed $1 million in pledges
for the first time in FY2000 - another fundraising first for
NIU.
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- "We're building momentum,"
explained Mike Malone, vice president for development and university
relations. "Our alumni are responding and voicing their
support of Northern with their pocketbooks, and that's very gratifying
for the entire NIU community."
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- New NIU President John Peters, who
started at Northern just before the end of this record fundraising
year, said he is excited to begin his tenure at NIU on such a
positive note.
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- "Every university president I
know would be thrilled to see these types of increases in private
support," Peters said. "It speaks very highly of our
faculty and staff, who have provided the positive experiences
that alumni and friends respond to so generously," he added.
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- A sampling of major gifts contributing
to the record fundraising totals include:
- $250,000 to the College of Law from
alumnus Kenneth Chessick
- $100,000 from David and Linda Nelson
for the School/University Partnership program
- $500,000 from an anonymous donor to
create a challenge grant for the School/University Partnership
program
- $75,000 from Thomas and Patricia Callahan
in memory of their daughter, former NIU student Kathleen M. Callahan
- $240,000 pledge from South Shore Bank
for scholarship support
- $3.5 million gift of land from Shoe
Factory Road LLC for expansion of NIU-Hoffman Estates
- $150,000 from GTE (now Verizon Communications)
for the School/University Partnership program
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- In addition, the Foundation this year
established its first charitable gift annuity program, formally
launching NIU's deferred giving program.
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- More news ...
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