Giving at CSULB Up 65 Percent Over Last 2 Years
Posting an impressive 65 percent increase in annual giving over the last two years, CSULB officials have announced another strong gain in their fundraising efforts over the past year as the campus reported raising nearly $34 million during the 2007-08 academic year.
The year-end total as of June 30 was $33,958,067, which represents a $6.6 million gain over last year’s yield of $27,344,890. Furthermore, the 2007-08 fundraising totals indicate the most successful year in CSULB’s 59-year history.
This year’s increase coupled with last year’s $7.14 million gain over the 2005-06 total ($20,197,217) gives the university a gain of $13.7 million in annual giving over the last two years.
“Cal State Long Beach has built a reputation as both an excellent teaching and research university that produces graduates who are immediately ready to contribute to industry and society as a whole,” said CSULB President F. King Alexander. “At the same time, our fundraising efforts this past year indicate the great value of our thousands of successful alumni and university friends and their willingness to support our very public mission of preparing students from all income levels to become important societal contributors.
“These generous individuals, foundations and other giving entities believe that CSULB adds tremendous value to the lives of our students and want to see the continued success of this great institution,” he added.
The final numbers exceeded the university’s $30 million projected goal at the beginning of the 2007-08 year by a little more than 13 percent, and the total number of gifts for the year totaled 25,761.
“What really stands out about the success we had this year is the fact that the nation’s economy was really in a slump, and those economic struggles had an effect on non-profit fundraising across the United States,” noted Andrea Taylor, vice president for University Relations and Development. “Despite the economic downturn, however, we have managed to post some significant numbers in terms of annual giving, and that success is the direct result of the trust that donors have in Cal State Long Beach’s academic programs and commitment to student success.”
In terms of giving, the 2007-08 year was one for the history books as the university accepted its largest single donation ever. In March 2008 the CSULB College of the Arts was the recipient of a $16.4 million gift from the Bob Cole Trust, funds for which are already providing scholarships for some 25 music students and resulted in the renaming of the Music Department to the Bob Cole Conservatory of Music.
Taylor noted that more than 80 percent of this year’s funds came from individual donors.
The university also continued its long-running tradition of garnering support from various foundations and organizations in the form of grants for a wide variety of academic programs. Over the last year, these gifts included a grant from Long Beach Memorial for the CSULB Nursing Program, a grant from the Institute of International Education for the campus’ Strategic Language Initiative and a grant from the Archstone Foundation for the California Labor Force in Geriatric Social Work effort at the university.
“We are certainly grateful for the generous support of these individuals and organizations,” Taylor said. “Their support goes a long way towar enhancing academic programs and assisting students in need. Our fundraising efforts help assure a bright future for Cal State Long Beach and the students we serve.”