The University of New Mexico NEWS RELEASE |
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Media Contact: Steve Carr August 21, 2008 UNM Foundation Establishes New Fundraising Mark in 2007-08 The University of New Mexico and the University of New Mexico Foundation established a new institution standard for fundraising by raising $85.5 million, a 17.9 percent increase from last year’s high-water mark of $72.5 million. The increase from last year was aided by more donors, which increased to 20,330 from last year’s record total of 19,500 donors. The UNM Foundation has more than doubled its fundraising total since fiscal year 2003-04, when it raised $41.7 million. “Our fundraising success this year is an integral part of our overall aim to focus on student success, on retaining our faculty, and on building healthy communities,” said David J. Schmidly. “I am grateful for the trust our donors are placing in us.” “I am pleased to see so many people coming together to support UNM’s education and service to the community,” said UNM Foundation Board of Director’s Chair Thelma Domenici, “The UNM Foundation received gifts from more than 20,000 donors in one year’s time.” The UNM Foundation, Inc. is an incorporated not-for-profit organization with the responsibility to receive, invest and distribute gifts of private support to UNM. Gifts raised by the foundation help support student scholarships, initiatives to help students volunteer in the community, funds for new construction and renovation, and support for faculty and course development. For the fiscal year ended June 30, 2008, the combined endowment portfolio of the University of New Mexico and University of New Mexico Foundation finished the year with a market value in excess of $325 million and returned .7 percent, 10.6 percent and 10.9 percent for the trailing one, three and five-year periods outperforming the benchmark during each period. Investment performance results for 2007-08 are expected to rank in the top quartile when compared against other similar endowments and foundations. “One hundred percent of gifts to the UNM Foundation provide support to achieve the mission and work of UNM,” said UNM Foundation President John R. Stropp, “Our donors make a substantial impact on improving the quality of the experience at UNM.” The UNM Foundation, which announced a reorganization to consolidate its development operations earlier this year, is on schedule as it prepares for a major fundraising campaign to be launched next year. The UNM Foundation office can be reached by calling (505) 277-4503 or by visiting its web site at: http://www4.unm.edu/unmfdn/.
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| The University of New Mexico is the state's largest university, serving more than 32,000 students. UNM is home to the state's only schools of law, medicine, pharmacy and architecture and operates New Mexico's only academic health center. UNM is noted for comprehensive undergraduate programs and research that benefits the state and the nation. | |
www.unm.edu |
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