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August 22, 2005 Volume 30, Issue 3 |
Campus moving toward capital campaign goals
Mississippi State continues its successful efforts in the area of private support by surpassing $51 million in total funds raised during the just-concluded fiscal year, for the third-highest total ever posted by the MSU Foundation.
The successful giving year also indicates continued success for the university’s ongoing State of the Future campaign. Campaign counting that began July 1, 2001, has reached more than $243 million toward an announced goal of $400 million by December 2008.
“The success of State of the Future indicates that we are willing to help ourselves as an institution by pursuing far-reaching goals,” said Dennis Prescott, vice president for external affairs. “It also shows the confidence that alumni and friends are continuing to place in Mississippi State,” he added.
Two of the top three years in private gifts and pledges for MSU have occurred during the campaign: fiscal year 2002 with $74.3 million and the just ended fiscal year 2005.
The chart above reflects total campaign commitments by unit through June 30 as these units move toward their target goals for State of the Future. Campaign goals were set by vice presidents, deans and department heads based on projected funds needed for their units over the life of the campaign.
“Nearly 100 percent of the private funds raised for these units were designated by the donors,” said Prescott. “Only those commitments designated unrestricted can be used in other areas,” he added.
Mississippi State also is experiencing growth in its endowment. Currently, the university’s endowment stands at more than $210 million, up from $171 million at the close of FY04.
The combination of current gifts immediately available and income produced from previously existing endowments translated into a record amount—more than $22 million—made available for immediate use to beneficiaries across the university community during the past fiscal year.
For more information on the State of the Future campaign, visit http://www.msufoundation.com or contact Prescott at dprescott@exaffairs.msstate.edu.