Oregon State University Foundation

The Oregon State University Foundation is an American private nonprofit corporation dedicated to enhancing the mission of Oregon State University in Corvallis, Oregon.[1] The OSU Foundation is governed by a volunteer Board of Trustees.[2]

In 1947, Robert M. Kerr, Edwin B. Aldrich and E. C. Sammons established the Oregon State College Foundation with the aid of OSC President A. L. Strand.[3] They saw the foundation as a means of creating opportunities that the college could not fulfill with state funds alone. That year they collected the OSC Foundation's first donation, a sum of five dollars.

The university's endowment began with $20,000 in 1961. It took 16 years to reach its first $1 million in total receipts, and four more years to double that amount. Today the university's composite endowment totals more than $505 million, [4] with earnings distributed annually.

With university leaders, the OSU Foundation publicly launched Oregon State's first comprehensive fundraising campaign, The Campaign for OSU, on October 26, 2007, with a goal of $625 million.[5] Donors exceeded the original goal in October 2010, nearly a year ahead of schedule, and the goal was increased to $850 million. In March 2012 the goal was raised to $1 billion.[6] At OSU's annual State of the University address in Portland on January 31, 2014, President Edward J. Ray announced that campaign contributions had passed $1 billion, putting Oregon State with a group of 35 other public universities to cross the billion-dollar fundraising mark and one of only two organizations in the Pacific Northwest to reach the $1 billion campaign milestone.[7][8][9] The Campaign for OSU concluded on December 31, 2014, with more than $1.1 billion from 106,000 donors.[10][11]

References

  1. ↑ "OSU Foundation - About the OSU Foundation". www.osufoundation.org. Retrieved 2016-04-29.
  2. ↑ "OSU Foundation - Volunteer Leadership". www.osufoundation.org. Retrieved 2016-04-29.
  3. ↑ "OSU Foundation - Our History". www.osufoundation.org. Retrieved 2016-04-29.
  4. ↑ "OSU Foundation, FY15 Endowment Performance" (PDF). www.osufoundation.org. Retrieved 2016-05-04.
  5. ↑ "Oregon State University launches $625 million campaign, the first in OSU history". oregonstate.edu. OSU News and Research Communications. Retrieved 2016-04-29.
  6. ↑ "Goal expanded to $1 billion for 'Campaign for OSU'". OSU News and Research. Retrieved 2016-04-29.
  7. ↑ "OSU Surpasses Fundraising Milestone of $1 Billion". OSU Foundation. Retrieved 2014-01-31.
  8. ↑ "Oregon State University's fundraising passes $1 billion". Portland Business Journal. Retrieved 2014-01-31.
  9. ↑ "Oregon State University raises $1.01 billion -- well ahead of schedule". OregonLive.com. Retrieved 2016-04-29.
  10. ↑ "Summary of The Campaign for OSU". OSU Foundation.
  11. ↑ "OSU Foundation - The Campaign for OSU". www.osufoundation.org. Retrieved 2016-04-29.
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