Fiscal Year 2011
Your generosity, your financial support, has become essential to creating student access and educational excellence here at the University of Illinois. We can never thank you enough for your involvement. Below, we share just a few of the most recent Brilliant Futures Campaign accomplishments, along with some financial milestones from the past fiscal year, which ended June 30, 2011.
- By December 31, 2011, the targeted date for the conclusion of the Brilliant Futures Campaign, donor support had reached a record $2.366 billion, which exceeds the initial Campaign goal of $2.25 billion.
- The University of Illinois and the Foundation booked almost $254 million in new gift commitments in FY 2011, the sixth highest annual total ever. The Brilliant Futures Campaign has produced five straight years of new business exceeding $250 million. The chart below outlines new business by source, for fiscal year 2011, which ended June 30.
New Business by Source FY 2011
- Over time, new business growth also drives growth in cash flow. Cash flow includes income from current or outright gifts, pledge payments, annuities, and realized bequests and estate distributions. As deferred Campaign commitments and pledges have been paid, cash flow has begun to consistently eclipse $210 million on an annual basis. In FY 2011, cash flow increased to $216.6 million. FY 2011 had the third-highest cash total ever, as more than 86,000 donors made over 147,000 gifts.
- Of the $216.6 million received in cash flow last fiscal year, 68% or $147.8 million, was designated by donors as current use (outright gifts) funds. Donors designated $65.2 million as endowed funds and $3.6 million was allocated by our supporters as annuity and life income funds.
- Since the Brilliant Futures Campaign was launched, endowment pool accounts have grown from 3,645 in FY 2007 to 4,467 in FY 2011, and, on average, over 750 gift funds are added each year.
- Additionally, investment transactions have more than doubled over the last 10 years.
- As of the fiscal year ended on June 30, 2011 the active endowment was $1,600.4 billion, or 67% of the total endowment. Revocable deferred gifts—those that can be changed or reversed by the donor—made up 28% of the total, equivalent to $671.1 million. Charitable trusts and other irrevocable gifts comprised 5% of the total, with $132.2 million. (Note: irrevocable gifts are those gifts that are irreversible, final, or otherwise complete.)
- As indicated in the chart below, support for academic programs—including money that is designated for particular units, but otherwise unrestricted—makes up 36% of the endowment. Student scholarships, fellowships, and other forms of student support make up 28% of the endowment; faculty chairs, professorships, and other faculty support amounts to 19%; another 8% supports research; and the remaining 9% provides a stream of much-needed dollars for libraries, facilities, and other University purposes.
Active Endowment, Market Value by Purpose, FY 2011
- Annual Giving Success: On November 6, 2011, we shattered a record in the telemarketing department, as our student callers raised more than $285,000 in one day. The previous one-day record, $122,000, was set in 2010. These incredible accomplishments during the Brilliant Futures Campaign represent how much our alumni and friends believe in the University of Illinois.
Earlier U of I Campaigns
- Campaign for Illinois 1979 – 1984
The Foundation’s initial major fundraising effort—Campaign for Illinois—had a goal of raising $100 million in private gifts. This Campaign raised $132 million for the University between its launch in 1979 and its conclusion on December 31, 1984.
- Campaign Illinois 1991 – 2000
Campaign Illinois, the University’s second major fundraising campaign, which was coordinated by the Foundation, ran from 1991 through 2000 and raised $1.53 billion. This was over 50% more than the Campaign’s original goal of generating $1 billion in private gift support. After this Campaign’s momentum carried it past the initial $1 billion goal in 1998, a decision was made to extend the fundraising effort through 2000, with a continued focus on increasing the endowment for faculty positions and student financial support. As a result of Campaign Illinois, more than $394 million was designated by donors to support specific academic programs, over $250 million was earmarked for student aid, and around $170 million was generated for faculty support.
Significant Gifts to the University of Illinois
- In May 2008, the Urbana-Champaign campus celebrated the announcement of Sheila C. Johnson's decision to endow two chairs at the Urbana-Champaign School of Music. Sheila's generous gift of $4 million endowed the Daniel J. Perrino Chair of Jazz Studies, and the second established the Susan Starret Chair in Violin.
- President Joe White and Board of Trustees Chairman Larry Eppley announced in early 2008 that an endowed scholarship fund had been created in the name of Rosa Trevino, whose daughter, Lucy, was a member of the UIC class of 2008. A gratifying mother-daughter partnership inspired this gift. Lucy graduated from UIC with a bioengineering degreee in May 2008. She has spinal muscular atrophy, a rare degenerative disease which requires her to use a wheelchair. Rosa, Lucy's mother, accompanied her on the train each morning, spent all day in classes with her, and then the two traveled home on the train every evening.
- In 1999, Robert D. and Marilyn F. Uteg established an estate gift of $200,000, half of which is designated for student scholarships, while the other half is designated for unrestricted use on the Springfield campus. In 2006, the Utegs generously increased their estate gift to $500,000. In the spring of 2008, they decided to increase their gift to $1 million.
- Thomas Siebel, $100 million for the Thomas M. Siebel Fund for Excellence, on June 1, 2007. The gift was announced during the kickoff of the Brilliant Futures campaign and is an estate provision combined with outright support of science and engineering on the Urbana-Champaign campus.
- Dr. Josef and Margot Lakonishok of Chicago; a seven-figure commitment to support the position of the dean of the College of Business on the Urbana-Champaign campus and the establishment of the Josef and Margot Lakonishok Doctoral Fellowship in the Department of Finance. The gift will also be used to support other programs, initiatives and priorities of the College, and was announced at the June 1, 2007 Campaign launch event.
- Dr. James A. and Marion C. Grant of Austin, Texas; $22 million estate gift commitment for the UIC College of Medicine announced at the Campaign launch event on June 1, 2007. The gift will establish the Dr. James A. and Marion C. Grant Program in Basic and Applied Immunity and two Dr. James A. and Marion C. Grant Endowed Chairs.
- Doris Kelley and Jay Christopher, $11.5 million for the Family Resiliency Program and Christopher Hall in 2002. A Chicago-area alumna Doris Christopher is a 1967 UI home economics graduate and founder of The Pampered Chef.
- Thomas Siebel, $32 million for the Thomas M. Siebel Center for Computer Science in 2001. Siebel is a three-degree grad from the Urbana-Champaign campus – B.A. in history, MBA and master’s degree in computer science.
- Arnold O. and Mabel M. Beckman, $40 million for the Beckman Institute for Advanced Science and Technology in 1984. Arnold Beckman received his U of I degrees in chemistry in 1922 and 1923.