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University Foundation reports banner year

By : By Rachel Coker

The Binghamton University Foundation raised $10,915,636 during 2004-05, the second-highest total in its history. That figure — a remarkable 121 percent of the year’s goal — includes cash, securities, research grants from non-government sources and gifts in kind such as software.

“This outstanding support from our friends and alumni will help the University sustain its margin of excellence, both now and in the years to come,” President Lois B. DeFleur said. “These funds will help Binghamton compete on a national level for the very best students and professors. We are grateful to our donors and to the Foundation for its work on our behalf.”

Among the year’s most significant dona-tions to the Foundation were: • $2.8 million in state-of-the-art software from UGS Corp.

• A gift of $500,000 from the Dr. G. Clifford and Florence B. Decker Foundation to the Decker School of Nursing. The money funded the creation of an Innovative Practice Center with first-class clinical simulation and multimedia capabilities.

• A bequest of $435,900 from the estate of Leona S. Hine to the scholarship fund that bears her name. The fund benefits full-time students with high academic achievement but limited access to state or federal assistance.

• A bequest of $198,012 from the estate of Floyd H. “Rudy” Lawson to the engin-eering endowment that bears his name. Lawson was instrumental in the estab-lishment of the Thomas J. Watson School of Engineering and Applied Science.

• A grant of $150,000 from the Conrad and Virgina Klee Foundation to the School of Education and Human Development. It will fund 10 teaching fellowships in a local school district. • An untitled work of art by Angelo Ippolito worth an estimated $100,000 given by the late faculty member’s sons, Jon and Michael Ippolito.

The year’s donations represent a 57 percent increase from the Foundation’s 2000-01 total of $6,951,168.

“I think it’s a measure of the confidence of our alumni and friends that they have increased giving to this level,” said Tom Kelly, vice president for external affairs. He noted that nearly 15,000 gifts were received by the Binghamton University Foundation last year. And while some of those donations were quite large, many were smaller gifts from recent alumni and others. Roughly 13 percent of alumni participated in the campaign, similar to the national average for public universities.

The money supports scholarships, research, campus facilities and even emergency loans to students. It also contributes to the University’s growing endowment, which recently passed the $50 million milestone. The Foun-dation, technically a separate nonprofit 501c3 organization, contributed $10 million to the University during 2004-05.

Marcia Craner, senior associate vice president and executive director of the Binghamton University Foundation, said the money will aid in recruiting and retaining faculty and will enable the University to grant merit scholarships in order to attract top-notch students.

“It will be those public universities that attract significant support from students and alumni that will prosper and excel,” Kelly added.
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Last Updated: 10/14/08