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Posted 10-16-00
CLEVELAND -- Case Western Reserve University set records in 19 fundraising categories during 1999-2000 fiscal year.
More than half of the records -- 11 of them -- came in private support, which is cash, cash-equivalent gifts, and payments on previous year's pledges that are received during the year.
Remaining records were in commitment attainments, which involves commitments received during the year to provide cash or cash-equivalent gifts, either in the current year or future years.
CWRU set 19 different records during the past fiscal year in private support and commitments. Private support involves gifts received during the year, through payments of either current or previous pledges. Commitment totals include cash or cash-equivalent gifts received during the year, as well as pledges made during the year to be paid in future years. The chart below shows the areas in which new records were set, the new record level of giving, and the previous record total (with the year the previous record was set indicated in parentheses).
Source: Office of University Relations and Development | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Two records were set in overall giving. The new record for overall private support received rose to $109.9 million, up $23 million (or nearly 27 percent) from the previous record of $86.8 million set in 1998.
In overall commitment attainment, the new record is $131 million. This represents an increase of nearly $30 million (and nearly 30 percent) from the previous record of $101 million, which was set only a year ago.
"This was the best fundraising year in our history -- again," said Bruce Loessin, vice president of University relations and development.
Eleven of the records broken last year had been set in 1998-99. The rest were from no earlier than 1995-96.
The record $6.2 million received from the annual fund was welcome news to development officers. "That's a program that we've stressed, and we've been reaching out even more to our alumni through regional travel," said Susan Jaros, associate vice president for University relations and development.
Deans have been pursuing a commitment to seek more unrestricted gifts, Loessin added. "That has an impact beyond the dollars involved," he said.
Four schools -- the Case School of Engineering, School of Medicine, Mandel School of Applied Social Sciences, and School of Dentistry -- set giving records in both private support and commitments.
"The deans are instrumental in this outcome," Loessin said, in particular deans Darlyne Bailey at MSASS and Jerold Goldberg at the dental school. Loessin also credited campaign leaders Theodore Castele in medicine, and John Morley and Frank Linsalata in engineering, for their contributions to the schools' successful giving activities.
An important factor in the increased giving levels was a $23 million intellectual property gift from the Lubrizol Corporation to CWRU in April.
"Because of the University's increased prominence in high-tech developments and national recognition for it, we're starting to get very large in-kind intellectual property gifts that we never used to get before," Loessin said. "This shows that companies have great confidence in CWRU and its competence in science and engineering."
Lubrizol gave CWRU three intellectual property estates in asphalt, ceramics, and mining. Lubrizol is the world's largest independent manufacturer of specialty chemicals created through the application of advanced chemical, mechanical, and biological technologies for transportation and industry.
The company's mining technology -- originally intended to improve metal recovery from ore processed by ore flotation -- may prove especially promising for CWRU civil engineers who will conduct feasibility studies to determine if it can be commercialized. The Department of Civil Engineering also will analyze the patent's potential for future environmental applications.
In addition to financial effects, in-kind corporate gifts such as Lubrizol's also have an academic payoff. "We're excited because of the research and academic impact it will have for our faculty and students, and our research collaborators off campus," Loessin said.