“Donations from individuals are already an important source of income for the voluntary sector — making up nearly 22% of income in 2011/2012. And this funding is particularly valuable because ittends to be flexible and unrestricted. We know that older people currently give more, so charities could enjoy a funding bonanza as the baby boomers retire with more access to financial resources and even greater potential to give both during their lives and after death.”
– Susie Rabin, Project Manager, Commission on the Voluntary Sector & Ageing
– Dinah McKenzie, Senior Consultant and Ria Bowler, Communications Manager, NPC
University of Tampa has received one of the largest gifts in the school’s history from Howard and Patricia Jenkins. In honor of the donation, there will be a residence hall named after the Jenkins couple at the University of Tampa. The 11-story West Kennedy Hall, which was completed in August 2013 and houses 528 students will be re-named the Jenkins Hall.
Howard Jenkins, serves on the executive committee of University of Tampa’s Board of trustees and chairs the board’s planning committee. Mr. Jenkins also serves as the Chairman and President of Jenkins Clinic, Inc. He started his career with Publix Super Markets in 1966 and served as its CEO since 2001.
Patricia Jenkins founded Apollo Environmental Inc. ,which specializes in hazardous materials consulting and analysis, expert witness testimony and regulatory compliance.
Howard and Patricia Jenkins have made some significant impacts on so many cultural and educational areas in Tampa Bay, and University of Tampa is pleased to welcome the couple to the UT community according to the university president Ronald L. Vaughn.
For insight into the relationships which may have been the catalyst behind the gift, see this connections report from Prospect Visual to see who may have acted as an influencer for UT.
Eli and Edythe Broad of the eponymous College of Business at Michigan State University surprised and delighted students and officials alike last weekend with the announcement of a $25 million “challenge donation” to kickstart a $1.5 billion fundraising goal which the institution hopes to achieve by the end of 2018.
Eli Broad is the architect of two Fortune 500 companies – KB Home and SunAmerica – and is a long time friend of the school. His connection with the institution is obvious in the name of the Business school and confirmed by the relationship report below, provided by Prospect Visual.
Proof yet again that an organization’s largest donors tend to be those who have strong relationships with them.
If you’re interested in finding out which prospective donors are most likely to become your donors, use relationship mapping to investigate which ones have strong connections to your institution. Contact the Prospect Visual team for a free demo to find out more.
While perusing through the news reports today we came across this interesting item about a donation to Taylor University in eastern Indiana. The gift – a generous $4.26 million – came not from a single donor but from a group of alumni celebrating their 50-year reunion.
The university explained that the group had been planning to make this gift as a result of alumnus Ron Scott’s challenge to his classmates from 1964 to make a memorable gift to their former school to celebrate their reunion. Though Scott passed away last year, his peers took up his challenge and came through with their generous gift.
We think this is a heartwarming story that proves that the connection between graduates and their alma mater is very strong and – given the right set of circumstances – can be a powerful aid to any institution’s fundraising.
Over the weekend it was announced that Tampa based businessman and philanthropist Les Muma and his wife Pam, were to donate $25 million to the University of South Florida.
The gift is the largest individual gift in the school’s history and as a result the College of Business will be renamed as the USF Muma College of Business with immediate effect. .
Why did the Muma’s donate?
When looking into the reasons behind the couple’s incredible generosity towards USF, we were unsurprised to find that they had very strong links to the school.
Les Muma is an alumnus who graduated in 1966 and he and his wife have a past history of making donations to the school and are in fact (as a result of this most recent donation) the largest donors in the institution’s history. Les has even served as the the chart of the USF Foundation’s Board of Directors in the past.
With such strong connections to the school, it’s no wonder the Muma’s would choose USF to be a beneficiary of their charitable giving.
What USF did next…
USF have been quick to show their gratitude – recognizing the need to continue to nurture their relationships with their largest donors.
In a statement released by the University, USF Foundation CEO Joel Momberg said “Pam and Les Muma have a deep and real passion for the University of South Florida, its students and its faculty. This transformative gift for the USF College of Business exemplifies this, and in naming the Muma College of Business, we forever recognize this legacy of support.”
Please click here if you wish to view the official press release.
A few days ago we posted an article about the relationship between the University of Tennessee and the Haslam family. A connection which has resulted in a series of generous donations for the school.
Today we wanted to take a look at Duke University and their relationship to the Wilson family. Below is a relationship report generated by Prospect Visual revealing the connections between the school and Gary L Wilson.
The report shows many strong connections – and no wonder. The Wilsons have a long history with Duke. Gary Wilson, a running back on the football team for two championship years, was a ’62 graduate of Trinity college. Derek Wilson earned a bachelor of arts degree in economics from Duke in 1986 and an MBA from The Fuqua School of Business in 1990. Derek’s mother, Susan Moody Wilson, also graduated from the Woman’s College at Duke in 1962. His daughter, Trinity, is currently a student there too.
How has the relationship benefitted Duke?
If you’re a regular reader you already know that we believe that relationships can be a powerful philanthropic catalyst. So we weren’t surprised to discover that Duke’s strong links to the Wilson family has been extremely beneficial to the school.
This year alone, the Wilson family has committed a $3 million to Duke University. Previously Derek Wilson and his wife Christen have donated two works of art to the Nasher Museum and contributed to the purchase of three others. Wilson is also a founding board member of Fuqua’s Center for Entrepreneurship and Innovation. The family donated $5 million in 1996 to fund the construction of The Wilson Recreation Center and last year.
That Duke understands the importance of maintaining their links with the Wilsons is evident in the fact that they have not hesitated to honor the family by putting their name on the projects that have supported. In fact a gate at the newly renovated Wallace Wade Stadium is due to be named for the Wilson family in honor of Gary’s $2 million gift to Duke Athletics last year.
What does this mean for your organization?
All of the above reiterates the importance of cultivating and maintaining relationships with high-capacity donors. It can be a mammoth task – especially if you’re not exactly sure about your institutions connections.
That’s where a relationship mapping product such as Prospect Visual can help, allowing you to identify relationships quickly and accurately and ensuring that you are aware of the prospects who are within your reach and the relationships that can help you engage them.
If you’d like to find out more, feel free to get in touch right now.
Cornell University has received a $50 million gift from a trust established by David Einhorn for its new Engaged Cornell initiative. The initiative is aimed at getting Cornell students to “become active citizens and to tackle critical challenges by participating in hands-on, practical learning experiences in communities at home and around the world,” the university explained in a statement.
Einhorn, an American hedge fund manager, who grew up in Wisconsin and graduated from Cornell University, is now the Chairman of Greenlight Capital. By getting Einhorn on board, Cornell hopes to attract other donors and raise another $150 million for the new initiative.
The report below, generated by Prospect Visual, gives us a glimpse into some of the relationships that exist between Einhorn and Cornell and gives us some insight into the reasons why the billionaire chose Cornell to be the beneficiary of his gift.
Here’s a great article we found on TheFundraisingAuthority.com about Fundraising Networks and the value they can bring. If you’ve been wondering what a fundraising network can do for you, read on for a sneak peak and click on the link to get to the original article.
The members of your fundraising networks can raise money, hold events (both ask and non-ask “get to know us” events), send out fundraising letters, sell tickets to your organization’s large events, find new members for your network, generate publicity and buzz, and lots more.
In short, building good, relationship-driven fundraising networks is a key task for any charitable organization, school, church, or other group that is looking to raise money to support its activities.
“When we met Mark Zuckerberg, and he committed to the vision, this kind of sequence of events started and we found ourselves back on University of Maryland for a hackathon,”
It was announced on Thursday that Oculus CEO, Brendan Iribe was to donate $31 million to his alma mater, the University of Maryland.
Iribe has stated his desire to contribute to the public school system in Maryland, where he grew up, however it’s clear from the quote above that the meeting with Zuckerberg was an important catalyst in making the gift. Our team was pretty excited to see this in the news, but not surprised. After all, as our regular readers will know, we’ve firm believers in the power of peer influence when it comes to philanthropy.
If you’re a University or a Nonprofit, the best way to take advantage of this is to use a relationship mapping service to make sure you are fully aware of your constituents and existing donors’ relationships. Understanding who you have the potential to reach through them can help you focus on identifying high-value prospects with whom you can gain a peer introduction.
This morning the Wall Street Journal reported that Hong Kong billionaire Ronnie Chan was to donate $20 million to the University of Southern California’s occupational science and therapy program.
If you’re feeling a some deja vu reading that headline, it might be because it comes less than two weeks after Chan’s brother Gerald Chan made the news by making a $350 million gift to Harvard University.
Ronnie Chan said in a statement, “”I am grateful for the opportunities that USC afforded me and my sons, and our gift to the division is one of several ways we intend to continue supporting USC in the future.”
It’s clear both brothers are dedicated to the schools whom they credit with helping them get where they are. As we hear more of international donations such as these, it’s becoming more and more apparent that universities need to ensure that they make a strong effort to maintain relationships with alumni in foreign countries to make certain that they don’t lose track of a fertile pool of prospects.