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Oregon State University Foundation

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Title: Oregon State University Foundation  
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Subject: Oregon State University
Collection: 1947 Establishments in Oregon, Oregon State University, Organizations Based in Oregon
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Oregon State University Foundation

The Oregon State University Foundation is an American private non-profit corporation dedicated to garnering the resources that enable Oregon State University in Corvallis, Oregon to achieve excellence in education, research and outreach.[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 first donation to the OSC Foundation. It was for 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 OSU Foundation has helped build the university's composite endowment to more than $510 million, with earnings distributed annually.[4]

Together 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 pushed the campaign past its original goal in October 2010 nearly a year ahead of schedule, resulting in a goal increase to $850 million. In March 2012 the university increased the goal again, to $1 billion, making it the state's first billion-dollar fundraising effort.[6] At OSU's annual State of the University address in Portland on January 31, 2014, President Edward J. Ray announced that contributions from more than 102,000 donors to The Campaign for OSU had passed $1 billion, putting Oregon State with a select group of 34 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]The Campaign for OSU will continue through 2014.

References

  1. ^ "About the Foundation-The Campaign for OSU". Campaignforosu.org. Retrieved 2012-03-06. 
  2. ^ "OSU Foundation’s Board of Trustees". The Campaign for OSU. Retrieved 2012-03-06. 
  3. ^ "Our History-The OSU Foundation". Campaignforosu.org. Retrieved 2012-03-06. 
  4. ^ "OSU Foundation Endowment Performance". Campaignforosu.org. 
  5. ^ "Campaign launch". Campaignforosu.org. Retrieved 2012-03-06. 
  6. ^ "The Campaign". The Campaign for OSU. 2010-10-22. Retrieved 2012-03-06. 
  7. ^ "OSU Surpasses Fundraising Milestone of $1 Billion". Campaignforosu.org. Retrieved 2014-01-31. 
  8. ^ "Oregon State University's fundraising passes $1 billion". Portland Business Journal. Retrieved 2014-01-31. 
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