University Development Sees Another Record-Setting Year
Posted: August 2, 2010 at 1:04 am, Last Updated: July 30, 2010 at 10:36 am
By Corey Jenkins Schaut, MPA ’07
Despite the challenging economy, George Mason University garnered the most gifts and pledges in university history during fiscal year 2010, according to Marc Q. Broderick, vice president for university development and alumni affairs.
From July 1, 2009, to June 30, 2010, Mason raised more than $51.7 million. This surpasses the previous high of $34.1 million in fiscal year (FY) 2009.
While Broderick says the university should celebrate the fund-raising success, he notes that there remains an “excess of need.”
“The Mason community has been incredibly generous to the university,” he says. “But there are still unfulfilled financial needs at the university. We can continue to meet those needs through increased philanthropic giving.”
George Cabalu, BA Economics ’92, who was recently elected as an at-large director to the Alumni Association Board, supported the university this year with gifts toward student scholarships, Athletics and the College of Humanities and Social Sciences. He notes his pride in his alma mater, particularly its reputation for success, as his reason for supporting the university.
“We have to continue to support the momentum that Mason has,” Cabalu says. “I truly believe continued success for the university benefits Mason alumni and the Northern Virginia area.”
Broderick reports that all totals for fiscal year 2010 remain preliminary, pending the completion of an audit later this summer.
Already, the university’s development operation is anticipating a fiscal year 2011 goal of raising $50 million, which will go to support a variety of university needs, including student financial aid, research funding and operational support.
During FY 2010, major gifts to the university assisted in surpassing the $40 million goal for the year.
Seven-figure commitments during FY 2010 included land in Loudoun County valued at more than $17 million from the Van Metre Companies, $5 million from Long and Kimmy Nguyen to name the new engineering building and $4 million from Vural Ak to establish the Center for Global Islamic Studies.
“Without a doubt, these leadership gifts were critical,” says Broderick. “The confidence of these donors in George Mason University sets an important precedent.”
A total of 14,678 donors gave during FY 2010. That surpasses the previous record of 13,670 set during fiscal year 2008. Faculty and staff giving also rose, with 781 individuals contributing, up from the previous high of 591 in FY 2009.
“The fact that Mason faculty and staff giving continues to rise should be applauded,” Broderick comments. “It’s a testament to the dedication of those working for the university.”
University Registrar Susan Huston Jones was one of this year’s faculty and staff supporters. Along with her husband, Larry, Jones supported both scholarships and Athletics.
“In this economic climate, higher education becomes all the more essential as the basis for careers that will change and grow much more significantly than mine has,” she says, reflecting on her own career of more than 30 years in the registrar’s office.
For the second year in a row, Intercollegiate Athletics won the interoffice Mason Jar Challenge. Athletics staff members gave more than $23,000 with a 74-percent participation rate. The School of Law saw the largest increase in faculty and staff donors, with the participation rate increasing from 9 percent in FY 2009 to 30 percent in FY 2010.
For more information on philanthropy at Mason, visit supportingmason.gmu.edu.
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