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$121 million in private donations

K-State donors break fundraising record (again!)

Alumni, friends and corporate partners of Kansas State University made philanthropic gifts and commitments totaling $121 million in the fiscal year that ended June 30, 2012. This figure sets a new record in fundraising activity in the 68-year history of the KSU Foundation, surpassing the previous record of $107 million in fiscal year 2011.

“The generosity of K-State’s alumni and friends is deeply appreciated,” said Curt Frasier, Beloit, Kan., chairman of the KSU Foundation Board of Directors. “This achievement is a testament to the 51,400 donors who contributed this year, which is up from 44,700 donors last year.” Read more.

 

K-State Welcome Center inspires Julie and Roger Davis

Julie and Roger Davis

Kansas State University’s philosophy is simple: putting students first, so that everyone can fulfill his or her potential. From the moment a prospective student comes to campus to graduation day, K-State puts that philosophy into practice. To build on this successful strategy, the university has launched efforts to revitalize a historic campus landmark — east Memorial Stadium — into a new K-State Welcome Center.

By combining new student services, admissions, financial aid, housing and dining services and career and employment services under one roof, the K-State Welcome Center will play a significant role in guiding students through their journey from high school to college to career, setting a new standard of accomplishment and meeting the levels of excellence for which K-State is known. Read more.

 

Trustees annual meeting Foundation trustees to gather for annual meeting in Manhattan

A very exciting program awaits the trustees of the KSU Foundation at their annual meeting on the Manhattan campus, Sept. 14-15.

Presentations include a state-of-the-university address by K-State President Kirk Schulz. There will also be a progress update on K-State 2025, a presentation by student leaders, introduction of campaign leaders, breakout sessions on campaign priorities, and more.

In addition to the educational opportunities, we also plan to give you plenty of time for meeting and greeting other trustees and members of the foundation and university staff. Throw in the fun of the 84th annual Family Day and a football matchup between the Wildcats and North Texas, and we hope we have given you ample opportunity to spend a great weekend in Manhattan.

Click here to see a PDF of the full invitation. Please bear in mind that the deadline for hotel blocks is Friday, August 10, and the deadline to register is Friday, August 31. See you in September!

 

Getting to know you: Curt Frasier

Curt Frasier

When Curt Frasier arrived at Kansas State University as a freshman in the late 1960s, he entered a campus community that was bigger than his hometown in western Kansas. But it didn’t take long for the K-State spirit to make it feel like home.

“My grade school class was only two or three people, depending on the year,” he said. “My high school class was 28. Then you come to K-State, and it’s kind of intimidating. But the people at K-State made it easy to succeed.”

What ensued was a lifelong relationship with the university. Frasier was a member of Farm House fraternity and earned a bachelor’s degree in animal sciences and industry in 1973. He went on to earn a juris doctorate from Washburn University, Topeka, Kan. and is now a partner in the law firm Frasier & Johnson LLC in Beloit. Read more.

 

Foundation board approves operating budget

At the June 15, 2012 meeting of the KSU Foundation Board of Directors, members of the board reviewed and approved a $12.8 million operating budget for fiscal year 2013, which runs from July 1, 2012 to June 30, 2013. The $700,000 increase over last year’s budget represents continued expansion of the development organization as the foundation moves forward with a comprehensive campaign to support the objectives of K-State 2025. The operating budget revenue sources of $12 million have increased equally by $700,000 but remain short of required operating expenses. Based on this, the foundation board has approved a budget at a $748,000 operating deficit, which is the second year in a row operating at a deficit.

Although it’s not atypical for university foundations to budget a deficit when preparing for initial stages of a comprehensive campaign, the foundation will be working on a new funding model in fiscal year 2013 to allow significant investment in development resources.

In addition to the operating revenue/expense, the foundation budget reflects an additional non-operating expenditure of $842,000 to support the Office of the President, university and community initiatives, utilizing unrestricted assets of the foundation.

The foundation has unrestricted liquid reserves in investment of $12.4 million plus unrestricted real estate of $10.9 million to cover the budgeted deficits for the two years to bridge the gap moving into a new funding model.