Financial Report 09 | Campaign Summary

The Michigan Difference

{ Campaign Summary }

FIRST FACULTY AND STAFF CAMPAIGN

16,898 faculty, staff, and retirees gave $165 million
42% of all U-M retirees gave, contributing $84+ million

ENDOWMENTS

Donors gave $923 million for the endowment
191 new endowed professorships, bringing the total number to 471
2,045 endowed scholarship funds, doubling the number of endowed scholarship accounts to 4,530
Of the 6,972 endowed funds in the endowment, 65% are designated for student support
257 new endowed research funds

DONOR CHALLENGES

President Mary Sue Coleman’s Donor
Challenges focused on the highest priorities

Professorships: Donors created 21 new professorships
Gifts + pledges + match = $42 million

Undergraduate Need-Based Support:
Gifts + pledges + match = $72.6 million

Graduate and Professional Student Support:
Gifts + pledges + match = $60 million

In January 2009, President Coleman created the President’s Challenge for Global Education to encourage funding for global study by Michigan students. To provide long-term funding, gifts of $25,000 and above creating an endowed fund will be matched $1 for every $2 given. The challenge continues until $10 million in private gifts is raised.