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Minot State Foundation reports another record year

MINOT, N.D. – The Minot State University Foundation reported another record year in private support for the year ending Dec. 31, 2017, securing nearly $6 million in fundraising totals.

Minot State benefactors surpassed their record of $5,707,647 gifted in 2016 with a total of $5,904,266 in 2017. Each of the past two year’s totals surpassed the combined total from 2015 and 2014. The record year in 2017 was made possible by multiple significant gifts from donors and was bolstered by $239,354 in state matching funds made available through the North Dakota Higher Education Challenge Fund.

“The efforts of the Minot State University Foundation, along with the generosity of alumni and friends of the university, continue to make an impact for our students through another record year of philanthropy,” said MSU President Steven Shirley. “Thanks to the wonderful support of MSU alumni and friends, the work of the Foundation, and the North Dakota Challenge Fund, Minot State University can continue to build on its mission of empowering this and the next generation of students.”

The Minot State Foundation provided $1,708,849 to the university in 2017. These funds are comprised of spendable earnings from the Foundation’s permanent endowment as well as private funds secured by the MSU Foundation in support of programs and student scholarships.

“Because of the incredible support from Minot State alumni and friends, it has been another record year of giving,” Minot State Foundation Executive Director Rick Hedberg said. “The work of the Foundation has been exceptional and I would like to thank both the donors and the members of the Foundation for a successful year of giving. Their support has a direct impact on our students.”

The Minot State Foundation’s assets increased to $35,735,503 at the end of 2017, compared to $31,144,829 on Dec. 31, 2016.

Below are the fundraising totals for the Minot State Foundation over the past five years:

  • 2017: $5,904,266
  • 2016: $5,705,647
  • 2015: $2,071,827
  • 2014: $3,212,218
  • 2013: $2,334,788

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: 02/27/18

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