CSU Fundraising Yields Mixed ResultsIn Record Year

Posted on

The California State University?s income from external sources rose to a record $995.9 million in fiscal year 2001/02, according to a report to be presented at the CSU Board of Trustees meeting next week. Yet while a handful of campuses managed to set new voluntary support records, the current economic downturn proved to be a tough fundraising environment for most CSU campuses.

?Although we are as committed as ever to raising private support for the CSU, these results reflect a nationwide slowdown in voluntary giving that began last year and is impacting all colleges and universities,? said Louis Caldera, the CSU?s vice chancellor of university advancement. ?Still, it is important to remember that no one year makes or breaks an advancement program. Campus investments in fundraising continue to pay off. If we sustain and strengthen these programs now, they will pay off even more in better times.?

To read the entire article, visit the CSU Leader.

To subscribe to CSU Leader, send an e-mail to listserve@calstate.edu and in the message body insert the following with your first and last name: subscribe csu-leader firstname lastname.

More information on the 2001/2002 Annual Report on External Support can be viewed at www.calstate.edu/0102ExternalReport.