Private Giving to OU Tops $194 Million in FY2013
University of Oklahoma President David L. Boren today announced that OU received more than $194 million in private gifts and gifts-in-kind in the 2013 fiscal year, marking one of the top two fundraising years in OU history.
This year’s figure is second only to the $200 million received in 2008 when a significant number of donors made major gifts to endowed faculty positions in the closing days of the State Regents Endowment Program one-to-one match for privately endowed faculty positions.
Boren said, “Especially in times of declining state support as a percentage of the university budget, private donations are critically important. These donors help to maintain our high standard of excellence, and, through scholarships, they keep the doors of opportunity open for students who need financial help. The entire OU family is deeply grateful. No university in America has more generous donors.”
Private giving totaled $194,258,280, increasing OU’s endowment to more than $1.24 billion, Boren said. Donors continued to provide major support in FY2013 for the top-priority Campaign for Scholarships, which now stands at approximately $230 million, including more than $180 million in endowed funds that will provide perpetual support for scholarships.
Along with the notable increase in overall giving, the number of private gifts rose to 53,065, an increase of 2,578 over last year. OU also received $45.2 million in corporate giving and $22.1 million in new pledges of support.
Additionally, the 2013 Campus Campaign topped more than $2 million. The campaign, included an increase in the number of faculty, staff and retirees participating, with a total of 2,083 donors on OU’s three campuses. Since it began in 1993, more than $29.7 million has been raised through the Campus Campaign.
Major capital projects receiving private gifts include Headington Hall, a multi-story residence hall on the Norman campus, which houses both students and student-athletes, and the Stuart Wing of the Fred Jones Jr. Museum of Art.
In addition, OU received private gifts for the renovation of the College of Dentistry building at the OU Health Sciences Center, which is part of the college’s $20 million Legacy Project capital campaign, the largest private fundraising effort in its history.
Last spring, the Delta Dental of Oklahoma Oral Health Foundation made a $3.2 million contribution, the largest single private gift ever to the college, toward the renovation. Additionally, the Health Sciences Center administration and University Hospitals Authority and Trust have each provided $3.2 million to the project.