EMU Foundation makes history with endowment funding, gifts to scholarships.
YPSILANTI - The EMU Foundation is reporting a 28-percent increase in funding from endowed scholarships and endowments for fiscal year 2004-05. It’s the first time such funding has exceeded $1 million in Eastern Michigan University’s history.
More than $1,226,000 was provided to the University from the endowment, an increase of approximately $270,000 from the previous year.
“We are proud to report this positive news to our donors and the EMU community. This is a reflection of the generosity of our alumni and friends and we hope they realize their gifts are extremely valuable, especially in these tough economic times,” said Laura Wilbanks, executive director of Foundation operations and chief financial officer.
In addition, gifts in excess of $2.1 million were received in FY 2004-05 for student scholarships, both expendable and endowed. This is an increase of approximately $600,000 over the last fiscal year.
“This significant increase is in an area where the EMU Foundation has a direct impact on the University’s student population and shows that our donors understand that our students need help to complete their education,” said Thomas Stevick, interim vice president for advancement and executive director, EMU Foundation.
Eastern Michigan University is a public, comprehensive university that offers programs in the arts, sciences and professions. EMU prepares students with the intellectual skills and practical experiences to succeed in their careers and lives, and to be better citizens.
Eastern Michigan University is a public, comprehensive university that offers programs in the arts, sciences and professions. EMU prepares students with the intellectual skills and practical experiences to succeed in their career and lives, and to be better citizens.
Editor's Note: Looking for an expert source for a story? Check out EMU's Eastern Experts online at www.emich.edu/univcomm/easternexperts.