Wichita State Foundation reports $31 million in donations
07/23/2014 7:54 AM
07/23/2014 7:55 AM
The Wichita State University Foundation announced that it closed fiscal year 2014 with nearly $31 million in total giving, which includes cash, gifts-in-kind, pledges and new planned gifts from donors age 63 and older.
Planned gifts include a variety of contributions, including gifts from estates, retirement planning assets, or naming WSU as the benefactor of a life insurance policy.
Of the single gifts greater than $1 million, the W. Frank Barton School of Business received the largest contribution from Allegro Development for a software package for the new Koch Global Trading Center.
The total market value of the WSU Foundation’s endowment is more than $240 million, $9.2 million of which was received during the 2014 fiscal year.
The WSU Foundation’s investment return for fiscal year 2014 was 13.8 percent. That increased its five-year return to 10.8 percent.