August 12, 2008

Case Western Reserve University surpasses $100 million in fundraising for 2007-2008

attainment.JPG

Case Western Reserve University has raised $103.3 million in philanthropy during the 2007–2008 fiscal year -- the third highest fundraising total in the university's history. Case Western Reserve raised nearly $68.8 million in 2006-2007.

The total attainment, which includes cash, pledges, planned gift commitments and realized bequests, represents a 129 percent increase in total dollar giving from alumni and a 50 percent increase in total giving overall.

"We are extremely grateful for the support of our alumni, friends, and organizations here and nationwide," said Barbara R. Snyder, Case Western Reserve president. "These gifts will help keep the university at the forefront of research and scholarship."

alumni_chart.JPG

"All of our donors share a commitment to the people, research, and teaching represented at the university," said Bruce A. Loessin, senior vice president for university relations and development at Case Western Reserve. "Like the president, I am very grateful for their support, which has made fiscal year 2008 so successful."

Snyder and Loessin noted that many of the gifts came in response to the university's initiatives to ensure that more medical research reaches from the bench to the bedside; to create new energy sources, help improve the economic development of the region; and to offer more educational and research opportunities to our students.

The university received a number of leadership commitments this year, including:

  • $2.9 million grant from the Mt. Sinai Health Care Foundation to support the Mt. Sinai Simulation Center;
  • $2 million grant from the Maltz Family of the Jewish Community Federation of Cleveland and a $3.6 million grant from the Cleveland Foundation -- both in support of the Great Lakes Institute for Energy Innovation;
  • $5.7 million bequest from 1934 School of Medicine graduate Gertrude Donnelly Hess, the largest bequest by a single donor in the medical school's history; and
  • $1.6 million gift to the College of Arts and Sciences by alumnus L. David Baldwin -- a gift inspired by biology professor Arnold Caplan's work with mesenchymal stem cells in skeletal research and its potential use in developing treatments for rheumatoid arthritis.

For more information contact Amy Raufman, 216.368.0547.

Posted by: Amy Raufman August 12, 2008 02:29 PM | Category: Bequests , Endowment , Source , University Wide