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9/5/06

SLU GIFT INCOME HIGHEST EVER: OVER $22 MILLION

CANTON - St. Lawrence University experienced its best fund-raising year ever in fiscal year 2005-2006 (ending June 30, 2006), with gift income totaling $22,569,211.

The total is some 20 percent higher than the previous record, $18,813,535 in 2001-2002, the final year of Campaign St. Lawrence. Since 1996, gift income has grown from $5,991,016 to its current level. In fiscal year 2004-2005, the total was $16,938,720.

The St. Lawrence Fund, which represents gifts from alumni, parents and friends in support of the University's ongoing operations, also experienced a record-setting year, totaling $4,814,793, a 9 percent increase over the previous year and a 15.4 percent increase over the last two years. For the first time in the University's history, gifts to the Alumni Fund, a sub-set of the St. Lawrence Fund, totaled over $4 million, at $4,069,453.

In addition to the receipt of cash gifts reported here, a number of new pledges for future gifts were secured by the University, including 10 gifts of $1 million or more:

  • A gift of $1.7 million came from Trustee James "Jay" Ireland '77 and Valerie Lanigan Ireland '77, of New York City. The Irelands' gift includes outright capital support for renovation of arts facilities, an irrevocable estate commitment and support for the St. Lawrence Fund. In recognition of their gift, the solarium in the renovated arts center will be named in the Irelands' honor.

  • A gift of $1.6 million was made by Trustee Michael W. Clark '81 and Pamela Van Hoven Clark '82, of Darien, Connecticut. The Clarks made an outright gift, a five- year pledge and an irrevocable bequest designated for the Michael and Pamela Van Hoven Clark Scholarship Endowment, to assist women in mathematics and science; the Michael and Pamela Clark Career Planning Awareness Funds; and the St. Lawrence Fund.

  • Trustee Joseph P. Richardson '63 and his wife, Joan Langlois Richardson '57, of Albany, New York, have pledged $1.5 million to the University; the gift is a combination of outright annual and capital pledges and a major bequest based on a percentage of their estate.

  • Trustee Allan P. Newell, Hammond, pledged $1.2 million for the newly named Newell Center for Arts Technology in the Noble Center.

  • Trustee Emeritus Richard F. Brush has pledged $3.4 million to St. Lawrence University, with $400,000 going towards arts facilities improvements now under way on campus and $3 million for future renovation of arts facilities.

  • A bequest from the estate of Helen K. Everson '35 resulted in a gift of over $1.1 million, for unrestricted use. Everson died February 22, 2004 in Delmar, New York; the University was named the majority remainderman in her trust.

  • The Kresge Foundation approved a $1 million challenge grant to St. Lawrence, for construction of its new 115,000-square-foot Johnson Hall of Science.

    "St. Lawrence alumni, parents and friends have been unbelievably generous to this place, motivated by the desire to ensure that the good work we are doing today with our students will continue long into the future," said President Daniel F. Sullivan. "I am very confident of our ability to keep our fund-raising efforts and results at a very high level going forward so that we can sustain the momentum of transformation of the University they make possible. My thanks go to all."

    Vice President for University Advancement Michael P. Archibald stated, "This represents a breakthrough year in fund-raising for the University. In the last decade, we have moved from the bottom quartile of our peer group in total giving each year to well past the median, a comparison that includes some of the most effective fund-raising organizations at colleges and universities throughout the country. This strength of donor support not only gives us a competitive edge, even more importantly it makes an enriched St. Lawrence experience possible for all of our outstanding and deserving students."

    -30-
    More information: Giving To St. Lawrence


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