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Despite the stock market’s daily roller-coaster
ride, sustained commitment to CMC led to the College’s best
fundraising year ever. Increased participation from alumni, parents,
and friends enabled the College to surpass its $18 million fundraising
goal for the 2001-02 fiscal year, with final cash and planned gifts
totaling $21.1 million.
“It was a record-setting year,” says Dennis Mulhaupt,
vice president for development and external relations. “There
was solid participation from all of the College's constituencies,
for which we are very grateful.”
For the first time, the Alumni Fund surpassed the
$3 million level and achieved a 51.1 percent participation rate.
A highlight for the fund was the 97 percent participation rate earned
by the Class of 2002, which brought the coveted pig trophy back
to CMC. (Visit: Hog Heaven)
The Parents Fund also had a record-breaking year, with more than
1,280 parents contributing a combined $613,000 in gifts to the current
budget––the second highest total in the College's history.
In other commitments, CMC faculty and staff contributed more than
$645,000 in a campaign chaired by Tim Lopez, director of facilities
and campus services, and by CMC psychology professor Ron Riggio,
director of the Kravis Leadership Institute. Reflected in that amount
is a generous life-income gift from former dean of the faculty and
senior economics professor Orme Phelps and his wife, Barbara.
During the fiscal year, foundation gifts totaled $6.3 million. Major
grants came from the Andrew W. Mellon Foundation to support academic
computing; from the Henry Luce Foundation for an assistant professorship
in east Asian history (Korea); from the Atlantic Philanthropies
for Fluency in Information Technology (FITness); from the James
G. Boswell Foundation for the renovation of the north quad dormitories;
from the H.N. and Frances C. Berger Foundation for a revolving student
loan fund; from the Spencer T. and Ann W. Olin Foundation towards
the construction of the new athletic and recreation center; and
from the James Irvine Foundation for the Berger Institute of Work,
Family, and Children.
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