Stevens Reports Record $26 Million in Philanthropy During FY2013, President’s Initiative for Excellence Concludes More Than One Year Ahead of Schedule

7/29/2013

The second year of Stevens President Nariman Farvardin's service to the University has concluded with a record $26.3 million in annual fundraising, the Office of Development announced today, making it possible to successfully complete the President’s Initiative for Excellence more than one year ahead of schedule.

"We are extremely pleased that alumni and friends have once again stepped forward to give generously to the University," said Ed Eichhorn, Vice President for Development. "The growth in engagement and giving during the past two years is a remarkable reflection of the commitment of our alumni and friends, and will help fuel the achievement of the objectives set out in the new Stevens Strategic Plan."

More than 4,000 gifts were made to Stevens during FY13. The $26.3 million total represents a 91% increase over the amount raised in the previous fiscal year, which itself was 189% greater than was raised the year before.

Gifts made during FY13 included a $10 million commitment from Greg Gianforte '83 and the Gianforte Family Foundation to support construction of a new Academic Gateway Complex; $1.3 million from Board of Trustees Chairman Virginia Ruesterholz '83 and husband Kevin Ruesterholz '83 to support creation of a new admissions center by renovating Colonial House; $1 million each from John Hovey '57 and Frank Semcer '65 to assist construction of the Gateway Complex; $2 million from the estate of Elbert Calhoun Brinning, Jr. to create The Viola Ward Brinning and Elbert Calhoun Brinning Endowed Chair in the Schaefer School of Engineering and Science; and $2 million from engineer, philanthropist and business executive A. James Clark to create the Nariman Farvardin Endowed Chair in Civil Engineering in the Schaefer School.

The American Bureau of Shipping also awarded Stevens $3 million to support construction of a new civil, mechanical and naval laboratory complex in the Davidson Laboratory.

Support received during the fiscal year included a total of 24 newly created scholarships and a total of 26 newly created or realized bequests, both record numbers for a Stevens fiscal year.

In the year ahead, Stevens remains committed to increasing support for our prestigious faculty and talented students and further strengthening ties with our accomplished alumni. To learn more about the powerful impact of alumni participation and giving to Stevens, please visit www.stevens.edu/dev.