10/8/2004 Embargoed until 8 p.m. today

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Contact: John Scarffe, KU Endowment Association, (785) 832-7336

KU Endowment gifts increase 28 percent; university support at 2nd highest total

Embargoed until 8 p.m. today

LAWRENCE -- Gifts and pledges to the Kansas University Endowment Association in fiscal year 2004 totaled $83 million, a 28 percent increase over 2003, KU Endowment President Dale Seuferling announced today.

In support for University of Kansas students, faculty, projects and programs, KU Endowment provided $76.6 million, the second-highest total ever.

The news was announced this afternoon at the 113th annual meeting of the KU Endowment Board of Trustees at Regnier Hall on KUs Edwards Campus in Overland Park. KU Endowment's fiscal year runs July 1 through June 30.

Gifts during the 2004 fiscal year included a $15 million pledge from the Kansas Masonic Foundation, announced in November 2003. The pledge pushed the total funds raised through KU First: Invest in Excellence, the comprehensive fund-raising campaign currently under way, beyond its goal of $500 million.

In February, the KU First Steering Committee raised the goal to more than $600 million by the end of December 2004. Campaign Chairman Forrest E. Hoglund announced at today's board meeting that total giving to KU First had reached $578 million.

The total gift revenue of $83 million was the second-highest total in KU Endowment history. The record of $92 million in 2001 included a $42 million pledge from the Hall Family Foundation of Kansas City, Mo.

The number of donors in 2004 reached a new record of 40,333, with increased giving in each of three major categories: alumni, nonalumni and organizations. The number of first-time donors increased 9 percent to 8,118.

Financial support for KU, which totaled $76.6 million in 2004, also was the second-highest total ever. The record of $85.1 million was set in 2003, when KU Endowment provided support for several building projects.

Support in 2004 included $19.6 million for scholarships, $15.4 million in faculty support and $17.6 million in support of construction and furnishings for KU building projects.

Total support from KU Endowment since its founding in 1891 has reached $1.1 billion. This support is provided through gift revenue and returns on the investment of endowed and other long-term funds.

Also in 2004, the value of KU Endowment's total assets increased by 16 percent, from $886.3 million to $1.03 billion. More than 70 percent of these assets represent marketable securities. KU Endowment's long-term investments gained 20.3 percent, compared with a gain of 2.2 percent in 2003.

The Kansas University Endowment Association is conducting KU First on behalf of KU through 2004 to raise funds for scholarships, fellowships, professorships, capital projects and program support. KU Endowment is an independent, nonprofit organization serving as the official fund-raising and fund-management organization for KU. Founded in 1891, KU Endowment is the first foundation of its kind at a U.S. public university and one of the largest.


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