Report on Philanthropy
Strength in Numbers
he University of Miami recently closed the books on the best fundraising year in history. Almost 30,000 alumni and friends contributed $80.3 million to support the schools, colleges, and programs at the University.
Attaining this level of commitment and support is extra-ordinary. Not only does it demonstrate significant confidence in the University among its many constituencies, but it continues to solidify the University's position among its peers in higher education. The University now ranks 19th among private research universities in the nation in terms of fundraising. That ranking is a profound expression of support by the alumni, friends, foundations, and corporate partners who have invested in this institution.
Philanthropy of this magnitude is exponential and translates into improved classrooms and research facilities, more opportunities for endowed professorships, additional scholarships for students, and groundbreaking research. Each year we see this generosity change lives and inspire change at the University of Miami.
Of particular importance to our university, indeed to all universities, is the ongoing financial support received from alumni. This year, the generosity of alumni continued to prevail, resulting in $14.1 million in gifts and commitments, an increase of more than 19 percent over last year.
In the accompanying web pages are the names of numerous individuals and organizations who contributed $1,000 or more to help the University of Miami surpass its fundraising goals this fiscal year (June 1, 1997, to May 31, 1998). Several gifts, however, merit special recognition:
- Lucille C. and Dewitt C. Daughtry created a charitable remainder annuity trust to name the Daughtry Family Department of Surgery in the School of Medicine.
- The Diabetes Research Institute Foundation contributed $4.1 million to fund the Martin Kleiman Endowed Investigatorship in Diabetes Research and the Stacy Joy Goodman Chair in Diabetes Research, and for support of the Diabetes Research Institute in the School of Medicine.
- Anonymous donors created a charitable remainder unitrust valued at $3 million for the benefit of the Department of Intercollegiate Athletics.
- The Buoniconti Fund contributed $2.4 million to The Miami Project to Cure Paralysis in the School of Medicine.
- The estate of Stanley J. Glaser provided an additional $2.3 million for the Bascom Palmer Eye Institute in the School of Medicine.
- Through the James L. Knight Lead Trust, $2.1 million was received on the multiyear trust donated for unrestricted endowment.
- Mark Kessenich, his family, friends, and colleagues donated $2 million through the Muscular Dystrophy Association for the Kessenich Family MDA/ALS Center in the School of Medicine.
- The Henri and Flore Lesieur Foundation provided $1.6 million to establish the Henri and Flore Lesieur Chair in Ophthalmic Biophysics.
- The American Heart Association of St. Petersburg contributed $1.5 million to establish the American Heart Chair in Cardiovascular Research and for other sponsored research projects.
- Judi Prokop Newman contributed $1.1 million to establish the Judi Prokop Newman Endowed Scholarship Fund and for The Information Resource Center at the School of Business Administration.
- The Harcourt M. and Virginia M. Sylvester Foundation, Inc., donated $1 million for cancer research in the School of Medicine.
- Christiane M. and Christopher G. Tyson created a charitable remainder trust in the amount of $1 million for research in otology in the School of Medicine and to support a chair in tropical botany in the College of Arts and Sciences.
- Audrey M. Hickman donated $998,837 in support of The W. Pruett and Audrey M. Hickman Ophthalmology Endowment in the School of Medicine.
- Miles Zisson donated a life interest in a property valued at $900,000 for the Bascom Palmer Eye Institute in the School of Medicine.
- Bill E. Johnson created a charitable remainder unitrust valued at $850,000 for the Bascom Palmer Eye Institute in the School of Medicine.
- The Papanicolaou Woman's Corps for Cancer Research, Inc., contributed $750,000 to the Sylvester Comprehensive Cancer Center in the School of Medicine.
- Through the estate of Helen W. Walsh, $750,000 was received to establish the Helen Wilshire Walsh Fellowship Fund at The Miami Project to Cure Paralysis in the School of Medicine.
- The Ophthalmology Research Foundation donated $743,348 to the Bascom Palmer Palm Beach Facility Building Campaign and to the Bascom Palmer Eye Institute.
- The Schwarzkopf Cup event raised $680,000 for The Miami Project to Cure Paralysis in the School of Medicine.
- Hale Piano, Inc., donated pianos with leased value of $650,000 to the School of Music.
- The Applebaum Foundation, Inc., donated $586,000 for various programs in the School of Medicine.
- The Peacock Foundation, Inc., donated $562,000 to the Sylvester Comprehensive Cancer Center and The Miami Project to Cure Paralysis in the School of Medicine.
- Jay W. Jensen created a charitable annuity trust and several charitable gift annuities totaling $538,292 to establish the Jay W. and Thelma Jensen Endowed Education Scholarship Fund in the School of Education.
- Kinetic Concepts, Inc., gave $500,000 to The Miami Project in the School of Medicine.
- UST, Inc., donated $500,000 to The Miami Project to Cure Paralysis in the School of Medicine.
When I joined the University of Miami this past summer, I stepped onto the campus of what I believe is one of the most exciting universities in the world. I was delighted to see that the research, teaching, and public service missions this institution pursues each day have inspired the generosity of generations. We are enormously grateful to our alumni and friends for helping us secure in 1997-98 the record-breaking financial resources we need to inspire and create change.
While there is never an end to the building of a great university, there is a need each year for your continued support. Thank you for your generosity and your investment in the University of Miami.
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