$165M for NU Foundation is 3rd-biggest fundraising year ever - Omaha.com
Published Tuesday, October 30, 2012 at 1:00 am / Updated at 4:26 pm
$165M for NU Foundation is 3rd-biggest fundraising year ever

LINCOLN — Donors gave $165 million to the University of Nebraska Foundation during the 2012 fiscal year, making it the foundation's third-biggest-ever fundraising year.

The foundation received $172.1 million in gifts in 2011 and $166.5 million in 2008. The value of assets held by the foundation now totals $1.8 billion, having grown from $1.4 billion in 2009.

The foundation distributed nearly $124 million to the four campuses of the University of Nebraska over the last fiscal year. Of that amount, $18 million went to support students; more than $50 million was used for faculty, research and academic programs; and $51.3 million was devoted to campus and capital improvements. The four alumni associations received $1 million, and $3.1 million benefited museums, libraries and fine arts.

Now in its seventh year, the Campaign for Nebraska, the foundation's comprehensive fundraising campaign, will continue through 2014.

More than 82,000 donors have contributed.

Although the foundation announced in May that it had reached its initial goal of raising $1.2 billion, it continues to seek contributions in several priority areas, such as student scholarships, cancer research and faculty recruitment.

“We're grateful to all who gave any amount to provide critical resources to advance the university and its growing stature,” said Dr. Peter Whitted of Omaha, chairman of the foundation's board of directors.

The financial results were reported last week at the annual meeting of the foundation's board.

In other action, Bill Jackman of Dallas and John Massey of Scottsbluff, Neb., were approved as new board members, and University of Nebraska at Kearney professor Peter Longo received the Harlan J. Noddle award for an employee's distinguished service in the area of development.

Click here to view the NU Foundation's annual reports.

Contact the writer: 402-473-9581, leslie.reed@owh.com

Contact the writer: Leslie Reed

leslie.reed@owh.com    |   402-473-9581    |  

Leslie covers higher education issues and events affecting Nebraska college students and their families.

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