Office of University Development
and
Business and Finance:
A Partnership
March 13, 2008
Vice President for Development
Jerry A. May
Campaign Update
Through February 2008
The Michigan Difference Goal
Fundraising at Michigan
$300,000,000
(2000 - 2008)
Billion Dollar Campaign for Michigan
Goal 1.0 Bil / Raised $1.4 Bil
(1991-97)
$250,000,000
Campaign for Michigan
Goal $160 Mil / Raised $178 Mil
$200,000,000
(1981-87)
$55M Campaign
Goal $55 Mil / Raised $72 Mil
$150,000,000
(1961-67)
$100,000,000
Michigan Memorial Phoenix Project
Raised $8.5 mil
$50,000,000
(1946-1953)
Fiscal Year
Betsey Barbour House & Scholarships (1918)
Rackham Building & $5M Endowment (1936)
Sources: 1917-1975 Financial Reports; 1976-2006 Regents Report; US Dept of Commerce BEA
Note: Fiscal year 2007 amount is fiscal year to date
2007
2004
2001
1998
1995
1992
1989
1986
1983
1980
1977
1974
1971
1968
1965
1962
1959
1956
1953
1950
1947
1944
1941
1938
1935
1932
1929
1926
1923
1920
$0
1917
Private Support Cash Receipts
$2.5 Bil / Raised $2.6 Bil
National Campaign
Leadership Cabinet
Chair:
Richard Rogel (Vail)
Honorary Chair:
Mrs. Gerald R. Ford (Palm Springs)
Co-Chairs:
Maxine Frankel (Detroit)
Michael Jandernoa (Grand Rapids)
William Pickard (Detroit)
Sanford Robertson (San Francisco)
Stephen Ross (New York)
Penny Stamps (Miami)
Honorary Co-Chairs:
William Davidson (Detroit)
Allan Gilmour (Detroit)
Ingrid and Donald Graham (York, PA)
Nicki and J. Ira Harris (Palm Beach)
Ann Lurie (Chicago)
Margaret Ann (Ranny) and
John E. Riecker (Midland)
Joan Tisch (New York)
Mike Wallace (New York)
Helen and Sam Zell (Chicago)
Vice Chairs:
Bertram Askwith (New York)
Robert M. Brown (Kalamazoo)
Stanley Frankel (Detroit)
David Frey (Grand Rapids)
Doreen Hermelin (Detroit)
Barrie Loeks (New York)
Waltraud Prechter (Detroit)
Joel Tauber (Detroit)
Marshall M. Weinberg (New York)
Robert Wood (Middlebury, CT)
Honorary Chair in Memoriam
President Gerald R. Ford (Palm Springs)
Honorary Co-Chairs in Memoriam
Glenn E. (Bo) Schembechler (Ann Arbor)
Preston R. Tisch (New York)
Updated: 1/4/2007
Campaign Milestones
$2,865,142,033
February 29, 2008
Fiscal Year End
June 30, 2007
$2.61 B
Fiscal Year End
Fiscal Year End
June 30, 2006
$2.18 B
June 30, 2005
Fiscal Year End
June 30, 2004
$1.83
$1.34BB
$1.25 B
$1.34 B
Campaign Kickoff
May 13-15, 2004
Campaign
Progress
$2.5 Billion
$2.0 Billion
$1.5
Billion
$1.0 Billion
$1.25 B
$0.5 Billion
Campaign Counting Begins
July 1, 2000
$0
The Michigan Difference Campaign
Progress through February 2008
By Purpose of Gift
Goal
Faculty Support
Student Support
Programmatic (Incl Res & Disc)
Buildings
Total Cash and Pledges
New Bequests
Total - All Gifts
Progress $ to Goal
$425
$400
$775
$500
$2,100
$295
$461
$1,237
$451
$2,444
$400
$421
$2,500
$2,865
Dollar Amounts in Millions
$130
$49
The Michigan Difference Campaign
Progress through February 2008
By Type of Funds
Goal
Endowment
Expendable
Buildings
Total - Cash and Pledges
New Bequests
Total - All Gifts
Progress $ to Goal
$800
$800
$500
$2,100
$829
$1,164
$451
$2,444
$400
$421
$2,500
$2,865
Dollar Amount in Millions
$49
The Michigan Difference Campaign
Progress through February 2008
By Source of Funds
$125
Dollar Amounts in Millions
$360
Assoc./Others
$421
Foundations
(4%)
Bequest Intentions
(13%)
(15%)
$191
Corporations
(7%)
$1,768
*Individuals
(61%)
*Includes Realized Bequests
Campaign Prospects and Donors
Revised: 3/4/2008
Gift Table: $2.5 Billion
Gifts
Needed:
2
8
20
40
250
2,300
Hundreds of
Thousands
Prospects
Identified:
$50100M
$25M
$10M
$5M
$1-5M
$100K-1M
Under $100K
Donors:
3
9
8
9
27
17
145
52
463
332
2,696 2,708
318,753
President’s Donor Challenge:
Phase I
• Targets gifts for need-based
undergraduate scholarships and
endowed professorships
• Goal of 20 endowed professorships
reached in nine months
• Dollar to dollar match for needbased undergraduate scholarships
• Over $34.7 million raised for a
matched total of $69.4 million for
need-based scholarships
President’s Donor Challenge:
Phase II
• Targets gifts for graduate student and
professional student support
• Every $2 from a donor is matched by $1
from the President
• The program continues until:
– $40 million in gifts have been received
– Or the Campaign ends Dec. 31, 2008
• $50,000 needed to create a named
endowment
What’s Critical in the Next 12
Months?
•
Professorships and other Faculty Support
– $130 Million in unfunded priorities
•
Student Support
– Undergraduate Need Based
– Graduate, Professional
•
Building Projects
– Computer Sciences Building
– Solid States Electronics Lab
– Law School Building
– Children’s and Women’s Hospital
– Basketball Facility
– Softball Stadium
– Indoor Field House
To Be Raised
$20 Million
$ 5 Million
$31 Million
$25 Million
$19 Million
$ 6 Million
$ 10 Million
Opportunities for Impact
Examples of Naming Opportunities
•
•
•
•
•
•
Naming of the Life Sciences Institute
Naming of the Undergraduate Science Building
Naming of the New Law Building
Naming of the New Law School Student Commons
Naming of Women’s Hospital
Naming of the Computer Science Building
Program and Endowment Opportunities
•
Endowing the University Librarian
The Partnership
Office of University
Development
Donor Stewardship
Business & Finance
Treasurer’s Office
Investment Office/Erik Lundberg
Financial Operations
Events
Building Services
Plant Department
Grounds
Architect’s Office/Hank Baier
Information Technology
MAIS
Recruitment
Human Resources
Planned Gifts
Financial Operations
Tax Department
Investment Office
Gift Processing
MAIS
Financial Operations
Treasurer’s Office
Stamps Scholars Program
Joan and Sanford
Weill Hall
2007 Graham
Graduate Fellows
Christopher Kelly
Derek Robinson
David Berry
Heidi Liere
Jo-Yu Chin
Yuka Makino
Rachel Upjohn
Building
Depression Center
David and
Jan
Brandon
Thanks for the
Partnership!