Donors Gave $75 Million In 1999-2000


by -
    |

CLEMSON, SC -- Donors gave Clemson University $75.7 million
during the fiscal year that ended June 30. Two extraordinary
contributions of intellectual property propelled Clemson to
this unprecedented level of annual private support.


"The year we've just experienced in fund raising reflects
the commitment to excellence that drives everything Clemson
people do," said Jim Barker, Clemson president. "This is a
remarkable university supported by a remarkable family of
alumni, donors, faculty, staff and students."


It was also a year of remarkable contributions. Eastman
Chemical Company of Tennessee bestowed a gift of
intellectual property valued at $38 million. The donation of
research data and more than 100 patents related to fiber
absorbency amounted to the largest gift in the university's
history.


Hoechst Research and Technology of New Jersey made a similar
gift -- $12 million in patents and intellectual property
related to cut-resistance technology for manmade fibers.


However, the extraordinary gifts raise a concern with
fund-raisers: possible donor complacency. The $75 million
may imply the five-year capital campaign will coast to its
$260 million goal by the June 2001 deadline. That is not the
case, said campaign officials. Fund-raising this year fell
slightly short of its $28 million target by approximately
$2.6 million.


"The patents and intellectual property are long-term
resources, which will yield financial benefits some years to
come," said Mendal Bouknight, Clemson's chief development
officer.


There were a number of "pluses" that offset the
disappointment from missing the mark.


"This year's total is a $2.5 million increase in cash and
stock over last year's total, which included more real
estate and in-kind contributions," said Bouknight.


Other 1999-2000 gift highlights include:


* a 1 percent increase over last year in gifts for student
aid, scholarship and fellowship programs. Donors gave
slightly more than $12 million, surpassing last year's $11.9
million.

* a 26 percent increase -- $214,547 -- in gifts for the
library.

* a 12 percent jump in the number of alumni making gifts.
The number rose from 13,036 in 1998-99 to 14,793 in
1999-2000.



A report on private giving will be distributed to
the Clemson board of trustees Friday (July 14) in
Charleston.



The annual fund figures -- which do not include
support for contracted research or other sponsored programs
or contributions made directly to IPTAY, the university's
athletic fund-raising organization -- reflect actual gifts
received, not pledges to be paid out over several
years.



Preliminary reports indicate IPTAY booster club will
surpass $10 million in giving and grow to more than 23,000
members, both new records. Final figures for athletics will
be ready in August.



"Our successes this past year set the
stage for the final year of our capital campaign," said
Barker.



Purposes for Which Donors to Clemson University
and the Clemson University Foundation Made Gifts in
1999-2000




Student Aid, Scholarships & Fellowships - $12,075,737



Library - $ 214,548



Faculty Aid, Chairs & Professorships - $ 587,793



Departments/Colleges/Equipment - $ 9,508,755



Other/Multipurpose - $ 291,261



Unrestricted - $ 644,257



Facilities - $ 1,045,059



Research (does not include contracted research) - $ 51,364,500



TOTAL - $ 75,731,910

Rate this Story:
0 votes

    |
Loading...

Former Clemson LB traded to Dolphins

Don't want to get smacked by Wilkins? Don't score. Or play rock-paper-scissors

ESPN analyst: Bryant 'will be better' than Watson

WATCH: Clemson is a complete football team

Dates set for 2018 Clemson-SC, Clemson-TAMU

Former Clemson WR signs with Roughriders

Wilkins: 'Don't score if you don't want to get me too excited'

WATCH: O'Daniel on his transition into playmaker role

WATCH: Hyatt seeing good things from O-line
Sign Up for E-Mail News Alerts
Features
Updates
Daily Digest