Education

Wichita State reports breaking fundraising record, receiving $49 million in 2015

Wichita State University received nearly $49 million in fundraising in fiscal year 2015, which ended June 30, breaking the school’s previous one-year fundraising record of $31 million.
Wichita State University received nearly $49 million in fundraising in fiscal year 2015, which ended June 30, breaking the school’s previous one-year fundraising record of $31 million. File photo

Wichita State University announced Tuesday that it had received nearly $49 million in fundraising in fiscal year 2015, which ended June 30.

The donations included gifts of cash, gifts-in-kind, pledges and new planned gifts from donors age 64 and older. The $49 million total breaks the school’s previous one-year fundraising record of $31 million, according to a news release from the university.

Elizabeth King, president and CEO of the WSU Foundation, said pledges increased in 2015 because of multiple seven-figure private donations, like Koch Industries’ and the Fred and Mary Koch Foundation’s $11.25 million gift in December. That was the largest single-time gift in university history.

Over the 2015 fiscal year, WSU received seven gifts, pledges and planned gifts of more than $1 million each.

The release highlighted Bill and Dorothy Cohen’s contribution of $5 million in April, most of which went to support the school’s honors college.

It also highlighted a $2.5 million pledge from trustees at the Sam and Rie Bloomfield Foundation to establish the Sam Bloomfield Chair in Engineering Innovation.

The total market value of the WSU Foundation’s endowment is nearly $280 million, of which $5.9 million was received during 2015 and placed into the endowment, according to the release.

“As the university aspirations grow, so does the need for university donors who understand the values of Wichita State,” WSU President John Bardo said in the release. “They are paving the way for innovative learning for our students, faculty, the Wichita community and beyond.”

Reach Matt Riedl at 316-268-6660 or mriedl@wichitaeagle.com. Follow him on Twitter: @RiedlMatt.

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