Development
Broad School hits $103 M in Capital Campaign
The close of fiscal year 2005-06 marked a substantial gain in revenues for the Broad School campaign to raise $125 million. With additional revenues of $11 million for the year, the fiscal year gain brings the total raised to $103 million, leaving a $22 million balance in the campaign.
Sources of revenue in the campaign continue to reflect gifts from alumni at 51 percent, friends at five percent; and corporations, foundations and other associations and groups at 44 percent.
“We are encouraged by the level of support we have had throughout the campaign,” says Robert B. Duncan, the Eli and Edythe L. Broad Dean. “With just over a year remaining in the campaign, we are counting on our 70,000 alumni and friends to partner with us in reaching our goal.”
Major gifts, those of $100,000 or more, continue to fuel the major gains for the campaign. But the Broad School has also been extraordinarily successful in raising special and annual gifts, including more than $1 million in Broad Leadership gifts of at least $5,000 annually through telemarketing, direct mail and class gifts.
“The Broad School leads the university in annual giving, an important complement to our successful major gift fundraising,” says Senior Development Director Brenda Wilson-Hale. “We are deeply appreciative of our donors’ generosity at every level – from the $100 donor to the million-dollar plus philanthropist. In every case, the donor has chosen us among the many options in front of them that they could support – and we are grateful.”
The Broad School remains a critical player in the $1.2 billion Campaign for MSU, which attained $1.16 billion to date.