Gifts to WMU during current fiscal year reach $7.2 million
Dec. 16, 2002
KALAMAZOO -- Western Michigan University reported $3.3 million in gifts received in September and October, bringing the University's 2002-03 fiscal-year total to nearly $7.2 million.
The September and October total exceeds the amount received for the same two-month period one year ago by $207,187 or an increase of 6.5 percent. The fiscal-year-to-date total, covering July 1 to Oct. 30, is $7,195,158, an increase of more than $2 million or 38 percent compared to the first four months of the previous fiscal year.
The report, presented to the WMU Board of Trustees at its Dec. 13 meeting, showed a total of, $3,373,834 in gifts received by WMU during September and October.
All gifts to the University are received through the WMU Foundation or the Paper Technology Foundation, which supports the internationally known paper programs at WMU. For the first four months of the 2002-03 fiscal year, the WMU Foundation reported current and deferred cash gifts totaling $5,703,043 and non-cash gifts valued at $1,040,606, for a total of $6,743,649. The Paper Technology Foundation reported cash gifts totaling $203,009 and non-cash gifts valued at $248,500, for a total of $451,509.
The largest gift received during September and October was a $2 million distribution from the estate of alumna Gwen Frostic. The University, which announced the Frostic gift in January, has now received $10 million of the anticipated $13 million total from the estate of the famous Michigan poet and naturalist.
Also during September and October, the DaimlerChrysler Corp. Fund made a $25,000 unrestricted contribution to the University, Betty J. Cinq-Mars of Kalamazoo contributed $15,000 for the Cinq-Mars and Cinq-Mars Jarvis scholarships in the Department of Finance and Commercial Law, and an anonymous gift of $15,000 was given for the newly established Zack L. York Scholarship Fund in the Department of Theatre.
Media contact: Thom Myers, 269 387-8400, firstname.lastname@example.org