WMU has record year in private gifts
Oct. 27, 2000
KALAMAZOO -- Western Michigan University began the new millennium with a record total of more than $17.5 million in private gifts for the University year that ended June 30.
Both the WMU Foundation and the Paper Technology Foundation had record-setting years and combined for a total of $17,552,214. The previous one-year record was $12.5 million, set in 1995-96. The figures were presented to the WMU Board of Trustees at its Oct. 27 meeting.
The Paper Technology Foundation was created in 1958 and supports the internationally known paper programs at WMU. Gifts to all other programs, departments or activities of the university are received through the WMU Foundation, which was incorporated in 1976 to promote and provide private support to WMU.
For the 1999-2000 university year, the WMU Foundation raised $13 million in current cash gifts; $13.2 million in total cash gifts, including such deferred cash gifts as gift annuities; and $16 million in total gifts, which includes non-cash contributions. All three figures are record amounts. The previous record total for the WMU Foundation, set in 1995-96, was $12.3 million.
The Paper Technology Foundation raised $1.46 million in 1999-2000, surpassing the previous record total of $1.36 million for PTF set in 1997-98.
During 1999-2000, the WMU Foundation received $2.78 million in non-cash gifts. There were also $2.4 million in new deferred gift commitments, such as life insurance and gifts by will, and $7.7 million in gift pledges to be paid in future years.
Media contact: Thom Myers, 616 387-8400, firstname.lastname@example.org