GOING BINGHAMTON UNIVERSITY FOUNDATION ANNUAL REPORT

Transcription

1 KEEP it GOING BINGHAMTON UNIVERSITY FOUNDATION ANNUAL REPORT

2 The Binghamton University Foundation: Partnering with you to advance Binghamton University TOGETHER WE RE BETTER Steven H. Bloom, left, and Harvey G. Stenger at the Koffman Southern Tier Incubator THANK YOU. Last year, we issued you a challenge to show your pride in Binghamton University by giving back. Your response? Amazing. Gift income to the Binghamton University Foundation has nearly doubled in the past fiscal year, totaling $17.9 million as of June 30, compared to $9.3 million the same time a year ago, as more donors have joined in to support our students, faculty, programs and entire campus. We appreciate everyone who stepped up and gave generously to support all that makes Binghamton a preeminent public university. Working together, our supporters are helping us achieve great things. The University and Foundation remain strong partners, connecting donors philanthropic interests with strategic priorities to advance our achievement, impact and growth in such key areas as high-impact learning experiences for students, faculty excellence, facility enhancements and critical annual support for the University s greatest needs and school-specific initiatives and programs. We are ecstatic that in the past fiscal year, multiple donors have made gifts of $1 million or more to advance Binghamton. Their gifts are being used to support students, faculty and facilities. In addition, the Binghamton Fund, our annual giving program, had a record-breaking year as donors, making gifts of all sizes, increased their total support. Binghamton Fund gifts are important because they give our deans and other campus leaders flexibility and resources to take advantage of strategic, University-enhancing opportunities as they arise. Donors also are getting involved in our special giving events, such as the Athletics Alumni Giving Challenge, now in its second year. In these initiatives, the focus is on participation, with the support going to specific groups or programs on campus. What does this all mean? Our University is better and stronger than ever, thanks to what donors make possible. Let s keep it going. We look forward to sharing with you next year how your giving is making a difference! Steven H. Bloom 78, LHD 10 Chair, Binghamton University Foundation Board of Directors Harvey G. Stenger President, Binghamton University 2 #BingPride

3 TOTAL DOLLARS RAISED $17,908,544 UP 92 PERCENT $13,499,835 SUPPORT TO CAMPUS GIVING BY GIFT TYPE Cash $14,103,067 Deferred $12,445 Gifts-in-Kind $2,847,657 Research Foundation Grants $945,375 TOTAL $17,908,544 GIVING BY CONSTITUENCY The Foundation s fiscal year runs from July 1 to June 30. DONORS TOTAL Alumni 7,711 $5,708,496 Corporations/Organizations 340 $4,828,837 Faculty, Staff and Retirees 351 $954,026 Foundations 73 $2,973,077 Friends 1,668 $3,241,434 Parents 2,063 $198,435 Students 272 $4,239 TOTAL $17,908,544 12,478 TOTAL DONORS REVENUE EXPENDITURES We ve increased support to campus by 18 percent! That s support for scholarships, research opportunities, academic programs and more. Unrestricted Donations ** $2,638,894 Restricted Donations** $13,969,487 Other Income $884,437 Investment Income/Capital Gains $18,814,729 Contributed University Support $2,089,169 Accounting Services Income $1,723,948 Binghamton University Forum $99,498 BU Foundation Housing Corp. $2,237 Southern Tier High Technology Incubator Inc. $9,116,148 BFSS LLC $546,646 TOTAL REVENUE $49,885,193 **Includes pledge activity Fundraising $3,599,885 University Program Support, Student Aid, Admissions, Other $13,499,835 Management and General $1,224,640 Binghamton University Forum $95,548 BU Foundation Housing Corp. $3,725 Southern Tier High Technology Incubator Inc. $381,260 BFSS LLC $275,318 TOTAL EXPENDITURES $19,080,211 SUPPORT TO CAMPUS $5,669, $6,325, $6,699, $7,944, $7,713, $8,877, $8,857, $9,044, $11,474, INVESTMENT PORTFOLIO $67,808, $62,865, $72,401, $81,919, $81,359, $85,806, $101,414,229 $13,499,835 $137,153,265 $118,809,628 $116,487, #BingPride 3

4 At Binghamton, even firstyear students can collaborate with faculty to conduct path-breaking research. Our Freshman Research Immersion (FRI) program gives students studying science, technology, engineering or mathematics opportunities to tackle global issues in areas such as smart energy, climate change, neurodegenerative diseases and more. FRI is the only initiative of its kind in the Northeast and just one of four such programs in the U.S. Research immersion HIGH-IMPACT LEARNING EXPERIENCES The world is our students classroom when they participate in our education-abroad programs, which enable students to immerse themselves in different cultures and countries, develop their foreign-language skills, gain new perspectives and expand their global outlook. Education abroad Hands-on internships Our students gain real-world, outside-the-classroom experience from meaningful internship opportunities in a variety of fields. Internships enhance the educational experience and create more marketable and prepared students, whether they plan to pursue advanced education or successful careers. 4 #BingPride

5 DONORS MAKE A GREAT EDUCATION POSSIBLE Our faculty strengthen Binghamton s excellence in knowledge, research, innovation and collaboration, while motivating students and fostering their ability to pursue their passions. FACULTY EXCELLENCE Teaching and research that inspires We know that excellent faculty are the lifeblood of our University. To support their success, we offer endowed positions such as the George Klir Professor in Systems Science, which will aid in the recruitment of an accomplished scholar to campus who will build on our groundbreaking work in this field and enhance our prestige as a premier university. #BingPride 5

6 DONORS PROVIDE LIFE-CHANGING OPPORTUNITIES Health Sciences Campus Smart Energy Building STRATEGIC UNIVERSITY INITIATIVES Beyond our excellence in students, faculty and worldclass learning experiences, our campus spaces reflect our commitment to being a prestigious premier university, and we continue to make significant investments to meet strategic priorities. Recent enhancements include the development of our Health Sciences Campus in Johnson City, opening of our Smart Energy Building at our Innovative Technologies Complex and additional classrooms in academic buildings. The new Koffman Southern Tier Incubator in downtown Binghamton, an affiliate of the Binghamton University Foundation, also expands our impact in the region as we work with business startups and community partners to aid in economic revitalization efforts. Koffman Southern Tier Incubator 6 #BingPride

7 GIFTS TO THE BINGHAMTON FUND $1,822,267 BINGHAMTON FUND $1,309,358 $1,472,811 $1,624,990 $1,730, Making a difference TOTAL DONORS Binghamton Fund 12,478 Enhancing student success 11,355 8,818 12,126 9,391 12,360 9,620 11,699 9,084 9,014 Binghamton continues to get bigger and better, with growth in critical annual support to the Binghamton Fund advancing the University. The Binghamton Fund provides immediate and unrestricted resources for the University s most pressing needs and ensures that our individual schools and colleges, art museum, performing arts center, libraries, Athletics Department, and other key programs have flexible and essential support to take advantage of strategic, University-enhancing opportunities as they arise. #BingPride 7

8 JOIN US! MAKE YOUR GIFT TODAY AT giving.binghamton.edu