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Institute of Technology
Inventing Tomorrow

Investing in IT

Blueprint for success

This past year's accomplishments fuel our optimism and remind us that bold dreams come true

By Phil Oswald, director of development

Unlike popping champagne corks and warbling “Auld Lang Syne,” the purchase of a new calendar is a seldom-noted year-end ritual. Most of us cross it off our December to-do list with hardly a second thought. “Out with the old, in with the new,” we quip, replacing the outdated appointment book filler or removing the calendar from the wall.

Still, we pause to browse through the calendar's pages—a smudged, coffee-stained archive of the year's accomplishments. We remember our hard work, and all the goals we've fulfilled because of it. Our satisfaction and gratitude inspire hopes for the year to come.

My 2001 calendar documents a year of extraordinary accomplishment for the University and IT. The number of first-year students who have chosen the University and IT has increased substantially, and we are attracting students who are better qualified. Academic and faculty research productivity is high, and every measure of technology transfer activity is up. The University ranks third among the nation's top public research universities, according to a study published in August by The Center for Studies in the Humanities and Social Sciences at the University of Florida.

By any standard, IT's alumni and friends have been extremely generous. To date, IT has received more than 11,000 donations during Campaign Minnesota. Over 300 donors have given gifts of $25,000 or more. Seventy-six percent of the donors are alumni, and almost 200 faculty and staff have made gifts. Only 8 percent of the donors are corporations.

Of the $105 million raised during the campaign so far, $43 million was raised from July 1, 1996, to June 30, 1999, and $62 million has been raised over the last two and a half years. The college's endowment has increased by more than $63 million in current and future gifts, and new bequests to IT total more than $26 million.

I am an optimist by nature, but those figures reinforce my expectation that we will raise $55 million during the next 18 months—the amount we need to reach our Campaign Minnesota goal of $160 million. Last year's appointment book also reminds me of the many wonderful people I've met who are committed to the college and its mission. Not only do our alumni and friends foresee a bright future for IT, they also want to help us make that vision a reality.

The collective experience and enthusiasm of our development team—Paul Allison, Steve Biever, Jennifer Clarke, and Tom Kinsey—are the other key ingredients that fuel my optimism. They believe so strongly in what IT does.

As I said, I am an optimist. I know that in June 2003—if not earlier—we will celebrate the successful conclusion of Campaign Minnesota. My 2002 appointment book is both a blueprint I'll use to reach that goal and a reminder that bold dreams do come true.

Phil Oswald
Director of Development