University of Minnesota. Home page.
Institute of Technology
Inventing Tomorrow

Phil Oswald: Investing in IT

Endowing the future

For many people, fall is the season of renewal, bringing with it a new surge of energy and activity. That's especially true here at the University, where thousands of newcomers—students, faculty, and staff—arrive on campus each September. There's a palpable feeling of anticipation and genuine enthusiasm everywhere you go.

The start of fall semester also means that Homecoming is just around the corner. It's a time for reflection and renewal, as we welcome our alumni to campus and celebrate the University's past, present, and future.

Having recently joined IT as the college's director of development, I'm experiencing all the excitement that a new job brings as well as the wonderful feeling that I've come back home.

Minnesota and the University have played an important role in my professional career. I've worked as a development officer for the University's College of Veterinary Medicine on the St. Paul campus, and my development experience also includes stints with Minnesota State University in Mankato and Children's Hospital in St. Paul.

I'm very happy to be back at the University, especially as leader of the team responsible for fund-raising on behalf of IT. Our alumni are justifiably proud of their alma mater: the college enjoys a strong reputation for the high quality of its education and research. IT alumni have distinguished themselves by their accomplishments, and they are grateful for IT's contribution to their success.

Returning to the University during Campaign Minnesota is both exciting and challenging. Of the campaign's total fund-raising goal of $1.3 billion, IT is aiming to raise $160 million over six years. We have a little less than three years remaining until the campaign ends, with about $90 million of our goal left to raise. Our campaign steering committee is actively working with the development team to secure gifts for IT's campaign priorities: attracting students of promise and helping them succeed; recruiting, retaining, and developing top faculty; responding to emerging opportunities; and ongoing program support. We're building long-term, permanent funding to ensure that the college maintains its margin of excellence.

One of the most unique opportunities to arise during Campaign Minnesota is the 21st Century Graduate Fellowship Endowment. The new fund is a result of the University's patent and licensing settlement with Glaxo Wellcome PLC, a pharmaceutical company. The fund will match eligible gifts that support graduate fellowships, a key campaign priority. For example, if a donor makes an eligible gift of $50,000 to endow a fellowship, the University will match the income generated by the endowed fund.

Fellowships help IT attract the best and brightest graduate students, whose creativity and hard work enhance the quality and quantity of IT research. More importantly, their future contributions will be essential to our country's success in the global, high-tech economy. However, competition for top graduate students is intense, and IT must strengthen the amount of support it can offer the most promising students. Your gift of an endowed fellowship is an investment in intellectual capital that will pay dividends well into the future. The 21st Century Graduate Fellowship Endowment offers you a great chance to double the impact of your investment. The IT development office can provide you with more information about Campaign Minnesota and this exceptional matching opportunity.

Fall in Minnesota is always special, but this year it seems especially invigorating. We're excited about the future and the vital role that IT plays in advancing science and technology. I invite you to join us—faculty, students, alumni, and staff—as a partner in this crucial venture.

Phil Oswald
Director of Development  Related links