Minot State celebrates record year of giving
MINOT, N.D. – For the second straight year, the Minot State University Development Foundation has reported a record year in giving to the university during Fiscal Year 2017.
The foundation reported a total of $4.362 million in support from all donors. The total was up from $3.569 million in Fiscal Year 2016, marking the fourth time in five years the total increased over the previous year and the third time in four years the total reached more than $3 million.
“Our fundraising success reflects the dedication and generosity of many donors who see the value of Minot State University in their lives and in our community,” said Rick Hedberg, MSU Vice President for Advancement. “In a year which included significant reduction in state support, we had so many people step forward to support the University. We are so very grateful for the support of MSU and our students.”
Minot State’s efforts were supported in two significant areas by the state of North Dakota. First, was the North Dakota Tax Credit for Charitable Giving law. This law provides for a 40 percent ND tax credit on qualified charitable contributions of $5,000 or more. The second was the North Dakota Higher Education Challenge Grant, which provided $1 for every $2 of private money raised for approved projects. Minot State was awarded $691,000 during the fiscal year from the Challenge Grant fund.
Both initiatives are ongoing and will play a role in giving in 2017-18. Information for both can be found on the Minot State Advancement Office website: Minotstateu.edu/alumni/give.shtml
Along with increased money raised, Minot State also showed an increase in the growth of endowed funds supporting scholarships and programs. MSU reached a total of 323 endowed scholarships providing $879,517 in support of the university, with 74 percent of these funds going directly to support student scholarships. In total, the Minot State Development Foundation gave $2.271 million to support academic programs, $1.049 million to scholarships, $560,308 to athletics and $168,480 to facilities at MSU.
“We also set records in our Annual Excellence Campaign and in our Faculty and Staff Giving Campaign,” Hedberg said. “It’s wonderful to see our employees stepping up to support our students.”
The Annual Excellence Campaign rose from $256,816 in 2015-16 to $297,510 in 2016-17, marking the sixth straight year the campaign increased its total. Since 2010-11, the campaign has increased from $30,611 to its present mark of $297,510.
ABOUT MINOT STATE UNIVERSITY
Minot State University is a public university dedicated to excellence in education, scholarship, and community engagement achieved through rigorous academic experiences, active learning environments, commitment to public service, and a vibrant campus life.
About Minot State University
Minot State University is a public university dedicated to excellence in education, scholarship, and community engagement achieved through
rigorous academic experiences, active learning environments, commitment to public service, and a vibrant campus life.
| Published: 08/31/17 |
