KU Endowment provides $112 million to KU
KU Endowment distributed $112.3 million in direct financial support to the University of Kansas in fiscal year 2011, which ended June 30.
The funds provide support for the university’s four campuses and the University of Kansas Hospital. This support benefits students, programs, research, faculty, facilities and patient care.
“Private support is essential to building a greater KU, but not just for today, for the long term. The true heroes behind this philanthropy are our donors,” said Dale Seuferling, president of KU Endowment. “Thanks to their generosity, we can provide resources that enable the university and the hospital to excel.”
KU Chancellor Bernadette Gray-Little expressed her gratitude. “The support provided by KU Endowment, through the generosity of KU alumni and friends, is vital to our mission of lifting students and society by educating leaders, building healthy communities and making discoveries that will change the world,” said Gray-Little.
The market value of endowed funds increased by 22.8 percent over the previous year, ending fiscal year 2011 at $1.25 billion. KU Endowment invests endowed funds in its Long-term Investment Program, a diversified portfolio which includes about 3,200 individual fund accounts established by donors.
Also during fiscal 2011, the market value of KU Endowment’s total assets, which include endowed funds, real estate and other special holdings, climbed to $1.65 billion, up from $1.48 billion in fiscal 2010.
Earlier this month, KU Endowment announced the name of its comprehensive campaign. Far Above: The Campaign for Kansas, is scheduled for an April 2012 public kickoff.
KU Endowment is the independent, nonprofit organization serving as the official fundraising and fund-management organization for KU. Founded in 1891, KU Endowment was the first foundation of its kind at a U.S. public university.