Background Information on Pitt's "Discover a World of Possibilities" Fund-Raising Campaign
October 8, 2002
The University of Pittsburgh's "Discover a World of Possibilities" campaign raised $517 million in gifts and pledges as of June 30, 2002, with a number of noteworthy achievements, including the following:
• 166 new named endowed scholarship funds ranging from $50,000 to $150,000 each, for a total of 594, an increase of 39 percent in the number of such funds within the past five years;
• 29 new named endowed chairs of $1.5 million to $2.5 million each, for a total of 71, an increase of 69 percent in chairs within the past five years;
• 13 new named endowed fellowship funds of $250,000 to $1 million each, for a total of 67, an increase of 24 percent in the number of such funds within the past five years;
• Nine new named endowed professorships of $750,000 to $1 million each, for a total of 44, an increase of 26 percent in named professorships within the past five years; and
• 186 new named faculty and student resource endowments of $10,000 to $500,000 each, to support such activities and programs as research projects, research travel, book purchases, and student academic projects, for a total of 530 of these endowments, representing an increase of 54 percent in the number of such funds.
Viewing the campaign's total gift commitments in another way––by purpose––$336 million, or 65 percent, has come primarily from corporations and foundations for program support; $129 million, or 25 percent, has come primarily from individuals for academic endowments; and $51 million, or 10 percent, has come primarily from individuals for facilities improvements.
The campaign already has enjoyed broad support from the University's alumni and friends, attracting a total of 233,109 gifts from 80,209 donors. Another significant measurement of the success of any fund-raising campaign is the number of donors who have made commitments of $1 million or more, and here the total of 99 such gifts is particularly telling.
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10/8/02
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