CORVALLIS, Ore. – The Oregon State University Foundation closed the books June 30 on its best fundraising year in history, with gifts totaling $130.8 million to advance university priorities.
The fiscal-year total eclipsed the previous record set in 2007-08 by $4 million, when the university publicly launched its first comprehensive campaign. The Campaign for OSU concluded on Dec. 31, 2014, with gifts totaling $1.14 billion from more than 106,000 donors.
“While this level of philanthropic support for Oregon State is historic, the lasting impact it represents is truly amazing,” said OSU President Edward J. Ray. “OSU has become an internationally recognized public research university, and the incredible momentum driving our work today has been powered by unprecedented support from Beaver Nation.
“Thanks to our supporters, the best is yet to come for this university and all those we serve.”
Donors are supporting high-achieving and diverse OSU students at record levels, creating more than 600 new scholarship funds over the last 10 years – an increase of 45 percent. Donor-funded scholarships coupled with other awards like Pell Grants allow OSU to provide more scholarships and grants to undergraduates than any other institution in the state, university officials say. More than 13,500 undergraduates at Oregon State receive support from these sources annually.
Donors are also boosting the university’s research enterprise through investments in facilities, programs and faculty. Since 2004 Oregon State’s number of endowed faculty funds has grown from 47 to 128. These prestigious positions support global leaders in teaching and research, with earnings from the endowments also creating opportunities for students they mentor.
“Our donors see the university’s potential for leadership on issues critical for Oregon’s future as well as key challenges facing our world,” said OSU Foundation CEO and President J. Michael Goodwin. “Their investments in Oregon State build the critical mass and excellence that make real progress possible.”
Building on this momentum, the OSU Foundation has launched the first in a planned series of strategic fundraising initiatives designed to support the university’s areas of distinction and its goals for student success. These include plans to advance the university’s marine studies program; accelerate forestry education and research on advanced wood products; and renovate the Valley Football Center.