Advancing Excellence Campaign surpasses $149 million

Posted by
On July 2, 2008

Missouri S&T has raised $149.2 million during the first five years of
the $200 million Advancing Excellence
Campaign
.

A total of $33.8 million was raised during the 2007-2008 fiscal year, which
ended June 30. It was the second-best fundraising year in the institution’s
138-year history.

"These gifts have created new scholarships for students, attracted
outstanding instructors and researchers to our campus, and enhanced our
technological facilities and equipment," says Chancellor John F. Carney
III. "This campaign will help Missouri S&T prepare a new generation of
leaders in engineering, science and technology."

“It’s been a very successful year for our university and for this campaign,”
says Missouri S&T Chancellor John F. Carney III. “These gifts have created
new scholarships for students, attracted outstanding instructors and
researchers to our campus, and enhanced our technological facilities and
equipment. This campaign will help Missouri S&T prepare a new generation of
leaders in engineering, science and technology.”

Missouri S&T’s Advancing Excellence Campaign will strengthen its
position as one of the nation’s top technological research universities. The
fundraising campaign began July 1, 2003, and seeks to raise $200 million in
private dollars by 2010 to fund scholarships, support faculty and programs,
upgrade facilities and equipment, and increase corporate funding for
research.

“This university has accomplished great things and must continue to
discover, convey, and apply knowledge to solve problems for our technological
world,” says Carney.

The university’s alumni donor participation rate for the past fiscal year
was 19 percent. That beats the national averages of 11 percent for public
institutions and 17 percent for private institutions. Also, more than 40
percent of university faculty and staff have contributed to the campaign during
the past five years.

“Our alumni tell us their Rolla experience was key to their success in their
lives and careers, and a record percentage repay their gratitude with annual
gifts,” says Marianne Ward, director of the Miner Alumni Association at
Missouri S&T.

Gifts to the campaign over the past five years have made a significant
impact.

  • Contributions of $19.2 million have endowed 126 student scholarships. More
    than 85 percent of Missouri S&T students receive some form of financial aid
    and nearly a third of them – 32 percent – come from families with incomes of
    $40,000 or below. Upon graduation, they earn an average starting salary of
    $53,000. A total of $31.1 million has been raised for student support toward a
    goal of $35 million.
  • Donors have contributed $6.5 million of a $26 million goal to support
    endowed faculty positions. To date, the funds have provided support for seven
    such positions: the Daniel C. St. Clair Chair in Computer Science; the F.
    Kenneth Iverson Chair of Steelmaking Technologies in Materials Science and
    Engineering; the Richard and Marilyn Vitek Chair in Biochemistry; the Robert W.
    Abbett Chair of Civil Engineering; the John and Susan Mathes Chair in
    Environmental Engineering; the Vernon and Maralee Jones Chair of Civil
    Engineering; and the Robert V. Wolf Chair of Metallurgical Engineering.
  • The campaign has raised $46.2 million for program support, surpassing the
    original $32 million goal. Support for academic departments, student design
    teams, study abroad programs, and programs that introduce science and
    engineering at Missouri S&T to Missouri’s K-12 students all have benefitted
    from the funding.
  • Donors have contributed $13.9 million of a $37 million goal to enhance
    facilities and equipment. Projects funded through the campaign include the
    renovation and expansion of Toomey Hall, the campus’s mechanical and aerospace
    engineering complex; construction of the Havener Student Center; and the
    planned renovation of the Student Recreation Center.
  • Corporate grants have totaled $51.5 million. The goal is $70 million.

Preliminary calculations put the campus endowment at above $122 million, an
approximate 80 percent increase from its 2003 level.

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On July 2, 2008. Posted in News