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Montana Tech Foundation Reports Best Year Ever


7/6/2011

The Montana Tech Foundation reported today that fiscal year 2011, which ended June 30th, produced a record level of donations. During the 12 months ended June 30, the Foundation generated more than $7.7 million in cash and pledges. The previous record of $4.2 million was set a few years ago.

"This was a remarkable year in so many ways," expressed Mike Johnson, Vice Chancellor of Development and Student Services and President of the Montana Tech Foundation. "In total, more than 1,800 donors provided 4,328 gifts to the campus."

In FY2011, the Montana Tech Foundation:

  • Provided record scholarship support to Montana Tech students totaling more than $1.4 million–scholarship support has never been higher than this;
  • Helped fund record levels of salary supplements for professors with nearly $500,000;
  • Received the largest estate gift in the history of the campus to support scholarships in the Geological Engineering Department from Ralph Mitchell, an alumnus from 1948;
  • Reported a total of $3 million in trust and estate giving–the largest year in the history of the Foundation;
  • Obtained more than $1 million from alumni and corporate donors to help fund the Frank & Ann Gilmore University Relations Center, which broke ground late last month; and
  • Collected more than $3.3 million from corporate supporters of the University to fund initiatives for Montana Tech students, faculty, and programs.

"The Foundation just completed the sixth year of a seven-year campaign. In that time the Foundation has raised $24.1 million," added Johnson. "The goal of the campaign was $20.25 million, thus we have reached 120% of our goal with an entire year remaining."

"We are excited to be able to make such an impact on the Montana Tech campus," said Jerry Schuyler, chairman of the Montana Tech Board of Directors. "Even with this record-setting year, the needs on the campus are still great and the fundraising efforts will continue in earnest. The Foundation Board of Directors is currently working on the elements of the next campaign and look forward to the involvement of new Chancellor, Dr. Don Blackketter."