Gift total for 2002-03 reaches $18.7 million
July 21, 2003
KALAMAZOO -- Western Michigan University received more than $3.7 million in gifts during March, April and May, bringing the University's 2002-03 fiscal-year total to $18.7 million, with one month of gifts still to be recorded.
According to a report presented to the WMU Board of Trustees at its July 16 meeting, WMU received $18,709,213 in gifts during the first 11 months of the University's 2002-03 fiscal year--July 1, 2002, to May 31, 2003. The final fiscal year report, which includes gifts received in June, was not complete in time for inclusion in the July 16 board agenda and will be reported at the next regular meeting of the Board of Trustees, in September.
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 11 months of the 2002-03 fiscal year, the WMU Foundation reported current and deferred cash gifts totaling $16,350,374 and non-cash gifts valued at $1,820,779, for a total of $18,171,153. The Paper Technology Foundation reported cash gifts totaling $286,060 and non-cash gifts valued at $252,000, for a total of $538,060.
The largest single gift received during the three-month period of the report was $732,250 from an anonymous donor for the University's unrestricted fund.
In March, $229,252 was received from the estate of Marjorie E. Vivian. The gift was designated for the President's General Endowment. Vivian, who died in March 2002, was a resident of Kalamazoo and a member of the library faculty at the University from 1966 until her retirement in 1978. Also in March, $10,000 was received from the Carrol J. Hass Foundation of Mendon, Mich., for a School of Music scholarship for cello students that bears Haas' name.
State Farm Companies Foundation contributed a total of $58,000 in April for a previously announced gift supporting two sets of scholarships in finance and in teacher education. Also in April, John P. Jr. and Kathleen A. Richardson of Troy, Mich., gave $15,000 to support the Child Trauma Assessment Center in the College of Health and Human Services, and Eaton Corp. contributed $10,000 for scholarships in the Department of Marketing.
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