Courtesy of Wichita State Univer
The Wichita State University Foundation closed its fiscal year 2013 with more than $22.5 million in total giving.
That total included nearly $5 million in gifts from 19 estates.
The university says its College of Engineering garnered the most private support last year, largely because of a $6 million gift from the estate of Velma Wallace.
The WSU Foundation says it received record contributions for its Annual Fund for Excellence, KMUW 89.1, the WSU Alumni Association and the Shocker Athletic Scholarship Organization.
The total market value of the WSU Foundation?s endowment is valued at roughly $230 million, and nearly $7.5 million of that was added during fiscal year 2013.
The foundation says its investment return last year was 8.8 percent, increasing its five-year return to 3 percent.
For the 2012 calendar year, the foundation?s return was 11.4 percent.
Josh Heck covers health care, legal services, professional services and education.
Source: http://feedproxy.google.com/~r/vertical_13/~3/it1Pbm1Fto4/wichita-state-university-foundation.html
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