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Institute of Technology
Inventing Tomorrow

Phil OSWALD: Investing in IT

Introducing Campaign Minnesota

On October 21, University president Mark Yudof officially launched Campaign Minnesota, the largest fundraising effort in University history.

The campaign is seeking to raise $1.3 billion in private funds for the University endowment and for ongoing program support. It's an ambitious goal that's rooted in the president's vision for the University as we enter a new century.

Brainpower and intellectual property will be our greatest resources during the 21st century. Because economic success and growth will depend upon our ability to develop those resources, the University's mission—education, research, and service—will be more important than ever before.

Campaign Minnesota emphasizes the pivotal role that scientific and technological education and research will play in the University's future. IT has set a fundraising goal of $160 million, the campaign's second largest. It's centered on four key initiatives: student success, faculty distinction, strategic investments, and ongoing program support.

IT faces intense competition from other leading college and university programs for top faculty and high-ability students. The research and scholarship activities of IT faculty—which require laboratories, specialized equipment, and support for research assistants—cost significantly more than the work of other University faculty.

Our students face tremendous financial pressures in the wake of dramatic cuts in federal financial aid and sharp increases in the cost of education. To maintain our country's economic leadership, we must make it possible for talented students to pursue advanced degrees in science, mathematics, and technology.

Investments in technology, the science and engineering library, infrastructure, and equipment will keep our programs at the cutting edge. IT also needs the resources and flexibility to seize unforeseen opportunities, seed promising new research, and meet special needs.

IT has a long history of strong, successful relationships with our communities and with industry. Campaign gifts will help us build on that foundation, expanding our outreach and service to alumni, donors, K-12 students, industry, and the larger community.

We've set very high goals for IT's campaign because the future demands a substantial investment in people, ideas, research, and technology. State and University resources alone can't meet IT's financial needs. That's why your support is so critical to this bold venture.

You can choose to support IT in a variety of ways, depending on your interests and financial situation. You may give an unrestricted gift or designate your gift for a specific purpose. Endowments make it possible to support a designated program year after year.

There are many options for making a gift to IT through Campaign Minnesota that may have financial benefits for you as well. The IT Development Office can provide you with more information about Campaign Minnesota and how you can support IT programs. We invite you to join us as we work together to shape the University and our communities.

Phil Oswald
Director of Development