November 11, 2011
Northwestern Foundation Release
Skeeter Bird, Northwestern Foundation CEO, announced the Northwestern Foundation fiscal year 2011 closed with a record amount of dollars received in support of the university and its students. More than 800 donors, including 54 percent of faculty and staff, gave $3,555,356.17 during the last fiscal year, which ran from July 1, 2010, through June 30, 2011.
“As we celebrate this accomplishment, I hope that we remain focused not on the number of dollars we raise but instead on the number of lives we change,” Bird said. “We thrive with the purpose of changing the lives of our students—an incredibly worthwhile endeavor.”
Support gathered in fiscal year 2011 surpassed the previous record of $3.3 million raised in fiscal year 1998. At the end of the fiscal year, the Northwestern Foundation’s total assets added up to $19,412,239.84.
The Northwestern Foundation’s endowment also saw record returns with a 20.2 percent return on investments. Bird commended the Foundation’s Investment Committee—Donovan Reichenberger, Jason Claborn, Bert Mackie, J. Michael Rauh, Michelle Williamson and W. Deane Wymer—for being competitive with the likes of Harvard, 21.4 percent, and Yale, 21.9 percent. Achieving returns comparable to some of the most successful university endowments in the country has been a five-year focus of the committee.
“We have set a new record on the heels of one of the worst economic recessions in several decades, a very good sign for our future at a time when our students need it the most,” Patricia Headlee, Northwestern Foundation chair, said. “I want to thank you, our donors, for your support.”
The mission of the Northwestern Foundation is to bond donors’ passions with Northwestern’s success. For more information or to invest in Northwestern students, contact Bird at 580-327-8599 or firstname.lastname@example.org.
Fri, November 11, 2011
by Erika Birk filed under