C of I alumni show their support and break another giving record
2009. 07. 13.
CALDWELL – Alumni from The College of Idaho rallied around the college this year and set an all-time record of nearly 33 percent giving. This includes the Class of 2009, which had an unprecedented giving rate of nearly 90 percent.
Additionally, The C of I alumni were more generous than they've been in past years. Contributions to the annual fund, which helps offset the college's operating and scholarship expenses, were up almost 13 percent to more than $530,000.
Nationally, alumni giving is on the decrease, falling from nearly 14 percent in 2001 to 11 percent in 2008, according the Chronicle of Higher Education.
"This is an amazing accomplishment and we appreciate the support shown by nearly one-third of our alumni," President Marv Henberg said. "We all know what a difficult time this is for fund raising."
The College had 2,215 alumni donors by June 30, the end of the fiscal year, up from 1,973, which was last year's record number. The College of Idaho's alumni giving percentage has more than doubled over the past five years.
This is the third year in a row that the number of alumni making gifts has broken a school record. The alumni giving rate is important to colleges and universities because its used in national rankings such as U.S. News & World Report's annual college issue, and is often a criteria used by foundations that give grants.
The J.A. and Kathryn Albertson Foundation, which gave The C of I $50 million in 2007, told the college in 2004 it needed to increase its alumni giving percentage to more closely resemble other liberal arts colleges in the Northwest. The Albertson gift is the largest ever received by an Idaho college or university, and at the time was the sixth largest cash donation given to a college or university in the United States.
"Alumni giving is a measure of how loyal and dedicated a college's graduates are," said Michael Vandervelden, vice president of advancement at The C of I. "When graduates support a school, it sends a message that they received a high-quality education and want to thank the faculty and the institution that provided it."