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University Relations

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October 28, 2005
Contact: Diane Silver, senior editor, (785) 832-7363.

KU Endowment support for KU in FY05 exceeds $100 million


LAWRENCE -- The Kansas University Endowment Association provided record support of $103.9 million for the University of Kansas in fiscal year 2005, surpassing the $100 million mark for the first time.

The amount represented a 22 percent increase over the previous record of $85.1 million, set in 2003. These funds provided a broad range of support for students, faculty, facilities and programs across the University's four campuses, including the Lawrence campus, the KU Medical Center in Kansas City, the School of Medicine-Wichita and the Edwards Campus in Overland Park.

The KU Endowment Board of Trustees will review fiscal year 2005 support for KU, activities and financial performance today at its 114th annual meeting, which begins at 1:30 p.m. at KU's Hall Center for the Humanities on the Lawrence campus. The meeting brings together the 68 volunteer trustees, KU Endowment President Dale Seuferling and other staff members and Chancellor Robert E. Hemenway.

Forty percent of the $103.9 million total, or $41.6 million, provided for construction and furnishings for KU building projects. This represented an increase of 136 percent over $17.6 million in 2004. Among the construction projects receiving support in 2005 were the Hall Center, Dennis E. Rieger Scholarship Hall for women, the Booth Family Hall of Athletics and renovations at Allen Fieldhouse, all on the Lawrence Campus; the Biomedical Research Center at KU Medical Center; and Jayhawk Central, the new student union at the Edwards Campus.

Support in 2005 also included $19.7 million for student scholarships and $15 million in faculty support. The remainder provided support for academic programs, research equipment, University travel, support for libraries and many other projects.

Gifts and pledges during the fiscal year reached $86.4 million, a 4 percent increase over $83 million in 2004 and the second-highest total in KU Endowment's history.

KU Endowment's long-term investments gained 13.7 percent in 2005, compared with a gain of 20.3 percent in 2004 and a gain of 2.2 percent in 2003.

Since its founding in 1891, KU Endowment has provided $1.2 billion in university support. This support comes through gift revenue and returns on the investment of endowed and other long-term funds.

For additional fiscal information, please see the 2005 Annual Report at www.kuendowment.org.

KU Endowment is an independent, nonprofit corporation serving as the official fund-raising and fund-management organization for the University of Kansas.

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The University of Kansas is a major comprehensive research and teaching university. University Relations is the central public relations office for KU's Lawrence campus.

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