Six-month gift total to WMU exceeds $13.6 million
Jan. 27, 2003
KALAMAZOO -- Western Michigan University received more than $6.4 million in gifts in November and December, bringing the University's 2002-03 fiscal-year total of gifts received to more than $13.6 million.
According to a report presented to the WMU Board of Trustees at its Jan. 24 meeting, WMU received $13,648,853 in gifts during the first six months of the University's 2002-03 fiscal year, July 1 to Dec. 31, 2002. That amount is $7.2 million less than the gift total for the first six months of the previous fiscal year, primarily because of an $8 million distribution from the estate of Gwen Frostic received in the first half of the 2001-02 year. The distribution was part of the largest gift in WMU history.
The $13.6 million six-month total for 2003-02 is $3.1 million or 30 percent more than the amount raised two years earlier in the first six months of the 2000-01 fiscal year.
All gifts to the University are received through the WMU Foundation or the Paper Technology Foundation, which supports the internationally known paper programs at WMU. For the first six months of the 2002-03 fiscal year, the WMU Foundation reported current and deferred cash gifts totaling $11,732,500 and non-cash gifts valued at $1,444,968, for a total of $13,177,468. The Paper Technology Foundation reported cash gifts totaling $219,385 and non-cash gifts valued at $252,000, for a total of $471,385.
Several of the larger gifts received during November and December were made anonymously, including unrestricted gifts of $1.14 million and $370,000. More than $70,000 was contributed anonymously toward construction of the new Donald J Seelye Center, an indoor athletic practice facility. An endowment for the Haworth College of Business received an anonymous donation of $25,000.
In December, William U. and Barbara A. Parfet of Hickory Corners, Mich., made an unrestricted donation of $100,928. William Parfet, chairman and chief executive officer of MPI Research, is chairperson of the University's centennial campaign, Partnering for Success. He is a director emeritus and past president of the WMU Foundation and was awarded an honorary Doctor of Public Service by WMU in 1993.
WMU graduates W. Bruce and Phyllis Thomas of Sewickley, Pa., contributed $14,500 to the W. Bruce Thomas Library Endowment. A retire senior executive of USX Corp., formerly U.S. Steel Corp., Bruce Thomas is a director emeritus of the WMU Foundation and was the recipient of the Distinguished Alumni Award in 1973 and an honorary doctoral degree in 1982.
A recently established renovation fund for Lawson Ice Arena received $15,000 from Terry L. and Kathleen S. Olson of Grosse Pointe, Mich. Terry Olson earned a bachelor's degree in business from WMU in 1982 and was a four-year letter-winner on the Bronco hockey team.
Also in December, alumnus Anthony Tan of Gainesville, Ga., contributed $10,000 to the WMU Department of Economics, and $20,000 was received for the University's Unrestricted Fund from the Pharmacia Foundation of Kalamazoo.
Media contact: Thom Myers, 269 387-8400, firstname.lastname@example.org