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UH Foundation
on road to
$100 million
The UH campaign took in
By Suzanne Tswei
a record $33 million this
year, up 37 percent
Star-BulletinThe University of Hawaii Foundation has had a record year. For fiscal year 2000, it raised $33 million in contributions, an increase of nearly 37 percent from the $24 million raised in fiscal year 1999.
"This is really a record for us. The fund-raising has gone very well. We've achieved a lot of success and we are very gratified. People in this state really have a lot of aloha for the university," said foundation president Pat McFadden.
The fiscal year 2000 contributions pushed the foundation more than three-fourths of the way to its goal of raising $100 million with its University's Campaign for Hawaii fund-raising effort that began in 1997. Before the campaign, contributions averaged less than $17 million a year, McFadden said. But in the first year, the fiscal year 1998, the foundation raised more than $19 million.
"We have only about $24 million left to go, and we are confident we'll get to the $100 million mark when the campaign ends June 30 next year. It's a lot of money, but we can do it with everybody's help," McFadden said.
The campaign had concentrated on large donors, such as wealthy patrons and corporations, but it entered its public phase in May as the foundation looks more toward alumni groups and individual donors. The foundation will be using advertising, letter writing and solicitations to help raise money during the final year.
"The campaign will be more visible from now on. It will be more public. We'll be looking at more PR, looking to advertise, looking to cover more people. We'll be getting smaller contributions but they'll be larger in number," McFadden said.
The campaign has beefed up the university's endowments by 40 percent.
With the funds raised during the three years, the university will begin to enjoy regular income that "begins to provide UH with a margin of excellence," McFadden said.
The contributions have been mostly in cash, although there have been deferred trusts, real estate and gifts in kinds, he said. The single largest contribution in fiscal year 2000 was $5 million of state-of-the-art software from Avant! Corp. to the College of Engineering.
Other large contributions in the latest year: $1 million from First Hawaiian Bank to fund the top administrator's position for the College of Business Administration at Manoa; $1.7 million in trust from entrepreneurs Alec and Kay Keith to Hilo, and a $1 million deferred gift to the William S. Richardson School of Law in Manoa.
The funds will help provide scholarships, endow professors' chairs, obtain new technology and preserve the Hawaiian language and culture and other programs.
Ka Leo O Hawaii
University of Hawaii
