One year since the public launch of Driven: The University of Minnesota Campaign—the effort to raise $4 billion in private investments between July 1, 2011 and June 30, 2021—the University of Minnesota has raised more than $3 billion. More than 72,000 donors supported the University through philanthropic contributions in fiscal year 2018. With contributions totaling an estimated $476 million, this marks the highest year of private investment and support in University history. The University’s Board of Regents will hear the University of Minnesota Foundation’s annual report during the Board’s first meeting of the 2018–2019 academic year, September 13 and 14.
“We are humbled to have surpassed $3 billion of support for Driven: The University of Minnesota Campaign,” said Kathleen Schmidlkofer, president and CEO of the University of Minnesota Foundation. “Through Driven, donors are supporting University students and faculty as they address the most challenging questions of our time through their research, education and outreach.”
Fiscal year 2018 private investments results of $476 million includes: $343 million in gifts in the form of cash and pledges ($219 million), future estate or deferred commitments ($107 million), and property and in-kind gifts ($17 million); as well as $133 million in donative grants from the private sector.
In addition, to private grants, current cash gifts and investment earnings provided $191 million in private gifts to the University in fiscal year 2018 to be used as donors direct to fund students, faculty, research, programs and other strategic investments.
More on the campaign: give.umn.edu.
2019 legislative request
The Board is also expected to review the University’s proposed 2020–2021 biennial budget request to the State of Minnesota. The request totals $30 million in fiscal year 2020 and $27 million in fiscal year 2021 for the University’s core mission activities. It will allow the University to maintain excellence in serving the state through research, outreach and the production of Minnesota's skilled workforce.
In addition, the Board is expected to review the University’s Six-Year Capital Plan and the proposed 2019 capital request to the state, which includes $200 million in Higher Education Asset Preservation and Replacement (HEAPR) funds, $28 million for the Child Development building replacement on the Twin Cities campus and $4.3 million for the renovation of A.B. Anderson Hall on the Duluth campus.
The Board is expected to take action on the President’s recommended biennial budget request as well as the Six-Year Capital Plan and 2019 capital request at its October meeting.
The Board is also expected to:
- Ratify the charge and membership of the Presidential Search Advisory Committee.
- Discuss the University’s outreach mission, hearing from four faculty members on their outreach efforts with Minnesota communities: Renee Crichlow, Medical School on the Twin Cities campus; Laura Palombi, College of Pharmacy on the Duluth campus; Thomas Fischer, College of Design on the Twin Cities campus; and Larissa Minicucci, College of Veterinary Medicine on the Twin Cities campus.
- Recognize Regents Professors Gunda Georg, Marc Jenkins and Erika Lee. The designation is the highest level of recognition given to faculty by the University. For more: twin-cities.umn.edu/news-events/three-u-m-regents-professors-named.
- Recognize NCAA champions Kaitlyn Long and Obsa Ali. Long won the weight throw at the NCAA Indoor Track & Field Championship in March 2018, becoming the second national champion in U of M Twin Cities women's track & field history. Ali won the 3,000 meter steeplechase at the 2018 NCAA Division I Outdoor Track & Field Championships in June 2018, becoming the U of M Twin Cities men's track & field program's 14th national champion.
- Review committee work plans, which will frame committee agendas for the 2018-2019 year and align the work with Board priorities.
Committee meetings begin at 7:45 a.m. on Thursday, September 13. Committee work continues Friday, September 14 at 7:45 a.m., followed by the full Board meeting expected at approximately 9:30 a.m. For more information, including meeting times and locations, visit the Regents website at Regents.umn.edu.
- Categories:
- Campus Affairs
