Fundraising campaign reaches $144 million

A recent gift of $1 million for unrestricted support of the University has helped keep the Campaign for Washington on  target with more than $144 million raised in gifts and pledges by March 31. That total is 58 percent of the campaign’s $250 million goal. The UW’s first major fund drive, the Campaign for Washington was announced last November and is scheduled to conclude by the end of 1992.

“Gifts for unrestricted support represent a very small portion of all gifts to the University, only 1.5 percent last year,” says President William P. Gerberding. “That’s one of the reasons this splendid gift is so special. The flexibility such a gift provides to address needs anywhere on campus is extremely valuable.” The $1-million gift is a pledge to be paid over several years. The donor wishes to remain anonymous.

Unrestricted gifts to the University of Washington, directed to the President’s Fund for Excellence, are allocated by the President to areas where they are most needed. Large gifts normally are added to the President’s Endowment Fund, where they create a permanent source of unrestricted support.

Contributions provide merit scholarships and fellowships, among other uses, helping the UW compete with other universities for the nation’s talented undergraduate and graduate students.

Donors to the President’s Fund for Excellence also make possible awards to faculty members for distinguished teaching and to UW employees for outstanding public service.