Funds Raised by Cal State Increase
The California State University system raised $881.6 million in donations, grants and other funding in 1999-2000--$20 million more than it received the previous year, according to school officials.
“We’ve done a better job of getting our message out, and that is reflected in the confidence that donors have in what we’re doing,” said Ken Swisher, Cal State spokesman. “People don’t want to give to programs that aren’t good.”
About $250 million came from alumni, parents, individuals, corporations, foundations and other organizations, while $630 million came from sponsorships, pledges, contracts, grants, property transfers and income from endowments.
Gifts from alumni increased nearly 35% to $29.3 million from the previous year, while grants from foundations doubled to $58.9 million.
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