MANHATTAN — Philanthropic gifts and commitments to Kansas State University given through the Kansas State University Foundation totaled $152,680,585 for the fiscal year that ended June 30, 2017. This year's fundraising results mark fiscal year 2017 as the second most successful year in the university's history.
"2017 was an outstanding year for philanthropy for K-State, and we thank our generous donors for their commitment to K-State's future," said Greg Willems, president and CEO of KSU Foundation. "As K-State's strategic partner for philanthropy, the KSU Foundation inspires and guides philanthropy toward university priorities to boldly advance K-State. We are proud of what the K-State family has achieved through giving and the enormous impact it will have on the university."
Of the $152.6 million raised in fiscal year 2017, donors gave 41 percent — $61.8 million — through endowed gifts, pledges and deferred gifts, which will ensure the long-term prosperity of the institution. In addition, fiscal year 2017 was punctuated by another important first: The value of the endowment pool surpassed $500 million in assets for the first time. As of June 30, 2017, the university's endowment was valued at $506 million. Endowment growth is key to becoming a Top 50 public research university by the year 2025.
"We are so thankful to our generous donors and their commitment to K-State and our 2025 vision," said Richard B. Myers, university president. "Gifts that support K-State's endowment are essential to our continued ability to support students, faculty and research as a land-grant institution."
Fiscal year 2017 was also noteworthy for the progress made in the Innovation and Inspiration Campaign for Kansas State University. Total multiyear gifts and commitments for the campaign reached $1.03 billion. The campaign surpassed its original $1 billion fundraising goal in March — one year ahead of schedule — and was extended in April with a new goal of $1.4 billion by the year 2020.
Other key philanthropic achievements for the 2017 fiscal year included:
• Thirty-one gifts and commitments of $1 million or more, the most $1-million gifts recorded in one year in KSU Foundation history.
• Gift commitments through estate planning, including wills, trusts and annuities, reached an all-time high of $57 million, up from $53.9 million in fiscal year 2016.
• Endowed gifts and commitments totaled $61.8 million, up from $56.6 million in fiscal year 2016. Endowed gifts create a legacy for the donor by providing long-term funding for the purpose they support, such as student scholarships, faculty chairs and professorships.
• Total giving to Kansas State University through the KSU Foundation — since its founding in 1944 — surpassed the $2 billion milestone in fiscal year 2017. The organization hit the $1 billion milestone just a decade ago, in 2007.
"The extraordinary philanthropic momentum we've experienced in the last decade says volumes about the K-State family's commitment to the university's future," said Rand Berney, chairman of the KSU Foundation board of directors. "Fiscal year 2017 continued this trend of tremendous generosity, and we are grateful for donors who are the driving force behind the Innovation and Inspiration Campaign and K-State's 2025 vision."
"From raising private funds for the university and managing K-State's endowment, to collaborating with the Manhattan community on economic development and strategic real estate opportunities, the KSU Foundation is proud to be a progressive and highly effective partner to K-State," Willems said.