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Fundraising: Moderate Progress Marks Economically Challenging Year

Over the past three years, the division of University Advancement (UA) has transformed itself and its focus. Under the leadership of Vice Chancellor Ed Harris, who joined DU in June 2006, UA has restructured to accomplish fundraising goals set by Chancellor Robert Coombe for a major comprehensive campaign. The resulting focus on major and planned gifts has led to a dramatic increase in philanthropic support, with a record $76.1 million raised during the campaign’s first year. Nearly $191 million had been raised as of June 30, 2009, in the ongoing silent phase that began July 1, 2006.

Progress on the campaign during fiscal year 2009 was somewhat modest compared to the previous two years, largely owing to the nation’s economic climate. However, even factoring in the economy, the year was one of the best fundraising years in DU’s history. Among other successes, the year saw significant gains in unrestricted giving. Such gifts provided the financial flexibility to focus on a number of priorities, including establishing significant endowed scholarships in the Josef Korbel School of International Studies and the School of Art and Art History.

This year, the publication of a Chancellor’s Vision Statement formalized the campaign goals with a focus on people and programs. A series of major gifts supported his priorities and stood as evidence of the campaign’s progress.

In addition to receiving substantial support for people and programs, the University received transformational gifts for campus building projects. DU celebrated the dedication of several facilities during fiscal year 2009 and anticipates more such celebrations in the coming years.

In fiscal year 2009, UA continued to enhance its efforts to implement fundraising best practices. Through internal examination, strategic collaborations and increased budget efficiencies, UA continued to develop systems that maximize the accuracy and efficacy of its donor relations, gift acknowledgment, and data acquisition and management efforts, all with a focus on keeping fundraising costs as low as possible. Overall, development efforts at DU maintain momentum as the institution continues a focus on major gifts in the fourth year of the campaign.

 

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