A Greater Penn State for 21st Century Excellence

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Presentation transcript:

A Greater Penn State for 21st Century Excellence New Faculty Orientation August 15, 2018

Philanthropy Campaigns at Penn State The Campaign for Penn State (1986--90) $300 million A Grand Destiny (1996-2003) $1.371 billion For the Future: The Campaign for Penn State Students (2007-14) $2.188 billion

The Tradition Continues…

Our Strategy: Thematic Focused on accomplishing the strategic plan 5-year Designed to create sustained annual level of giving significantly above the last campaign

Our themes focus on how we can make our great university even greater.

Open Doors Private support can not only bring talented students from every background to Penn State—it can help them to graduate on time and on track to successful careers and lives.

Our Focus Increase retention and graduation Decrease total cost of a degree (time to degree is key) Decrease rate of borrowing (financial literacy) Decrease attrition due to finances (need-based students take longer to graduate, have lower retention rates and higher loan rates)

Create Transformative Experiences Philanthropy will provide the opportunities—in our classrooms, on our campuses, and in the larger world—that let students and faculty discover their full potential and make a difference.

Our Focus Engaged Scholarship (global experiences, undergraduate research with faculty members, internships, and service learning) Digital Innovation (World Campus, hybrid classrooms, educational technology, and innovative learning environments) Arts and Humanities (ensure these disciplines are a fundamental part of a Penn State education)

Impact the World With the visionary gifts of alumni and friends, we can tackle the world’s most pressing problems—and solve them.

Our Focus Food, Water and Energy Security (abundant, affordable and safe) Human Health (personalized health and population medicine) Economic Development and Job Creation (Invent Penn State)

Year Two Results $362.9M in new commitments— best year ever at Penn State Record $322.7M in receipts 221,700 donors

Commitments Fiscal Year End: July 1-June 30

Receipts Fiscal Year End: July 1-June 30

A Greater Penn State Time Elapsed: 40.0% as of June 30, 2018 Open Doors – Goal: $500M Current Progress: $222.6M (44.5%) Create Transformative Experiences – Goal: $225M Current Progress: $94.2M (41.9%) Impact the World – Goal: $475M Current Progress: $307.3M (64.7%) TOTAL FUNDRAISING PROGRESS – Goal: $1.6B Current Progress: $713.1M (44.6%)

Matching Programs Update As of June 30, 2018

Graduate Scholarship Matching Update Funded by the Graduate School as of July 31, 2018

Graduate Scholarship Matching Update Funded by the Provost as of July 31, 2018

Economic Development Match Update As of July 31, 2018

2017-18 Highlight: Rick and Susan Sokolov Committed $8.3M to support: Sokolov-Miller Family Financial and Life Skills Center Scholarships and emergency funds for students Resources for Penn State student-athletes

Schlumberger: 2017 Corp. Partner of the Year $46.8M Gift in Software benefiting the Colleges of Engineering and Earth and Mineral Sciences Supports diversity and inclusion efforts in STEM fields

Impact the World: Human Health Highmark $25M grant to advance efforts to secure National Cancer Institute designation for Penn State’s Cancer Institute $5.5M commitment from the Bill and Melinda Gates Foundation to support global health initiatives

Thank You and Welcome to Penn State!