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  • Gifts Rise to $51 Million Despite Economic Woes
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    Gifts Rise to $51 Million Despite Economic Woes

    By EILEEN CONRAD

    In a climate of economic uncertainty, alumni and friends of UC Santa Barbara demonstrated strong support for the campus by contributing a record $51.3 million in philanthropic gifts and pledges during 2001-02.
    In terms of philanthropic support, the fiscal year that ended June 30 was the campus's most successful ever, surpassing the banner achievement of the previous year by more than $3 million. Over the past three years, annual private support for the campus from individuals, corporations, and foundations has more than doubled.
    Major gifts and grants for teaching, research, student and programmatic support were widely distributed. UCSB received a total of 16,900 individual contributions, up nearly 7 percent from the previous year.
    "I am grateful for the extraordinary generosity of UCSB's caring friends and alumni, and for the tireless efforts of all our colleagues, in helping us set a new record for fund-raising last year," said Chancellor Henry T. Yang. "Together, we raised nearly $52 million -- that's a million dollars a week!"
    A number of benefactors made permanent investments in UCSB's future in the form of endowments amounting to more than $24 million. Major contributions included two gifts totaling $7.5 million from The Kavli Foundation and the Kavli Institute, established by UCSB Foundation trustee Fred Kavli. The gifts are for the Institute for Theoretical Physics, which was renamed in Kavli's honor.
    In addition, four endowed chairs were established with contributions of $1 million and more from UCSB Foundation trustee Fred Gluck (for the director of the Kavli ITP); Mitsubishi Chemical Corp. (chemical engineering); Warren and Katharine Schlinger (chemical engineering); and William Bowes Foundation, Franklin and Catherine Johnson Foundation, and The Rathmann Family Foundation (biochemistry and molecular biology). The Amgen Foundation established a laboratory in biochemistry and molecular biology.
    "These fund-raising results are a reflection of the enthusiastic work by foundation trustees, faculty, campus leaders, the professional development staff, and the significant generosity of trustees, friends, alumni, and parents, coupled with a growing recognition of the outstanding programs at a transformed university," said Gary Greinke, associate vice chancellor for development.
    Corporate and foundation support for research and technology transfer also increased substantially. The California NanoSystems Institute, an innovative research enterprise operated jointly by UCSB and UCLA, received more than $10 million to advance knowledge critical to the future of the state's economy.
    "Private giving is essential to UCSB's continued success," said John M. Wiemann, vice chancellor for institutional advancement, of which development is a part.