Record Fundraising in 2007-08
Total contributions exceeded $7.9 million and totaled $7,903,817. Of this, $7,133,992 was in cash gifts, and gifts-in-kind totaled $769,825. Approximately $2 million was designated for endowed scholarships, endowments and planned gifts, which are managed by the EMU Foundation.
Endowment Market Value
The endowment closed the year with a market value of $46.6 million, which included planned gifts under management by the Foundation of nearly $1.4 million. In spite of market declines that took place over the past fiscal year, the Foundation provided increased income from endowed scholarships and other endowments to EMU due to our market value averaging spending policy. These funds assist today’s students, and will provide a consistent funding source for future students.
Where Gifts Were Directed in 2007-08
EMU’s colleges and departments received the largest percentage of private support in 2007-08. More than $5.1 million, or 65.7 percent of all fundraising, went to this area. Gifts-in-kind are included in this category. The next largest category, at 24.2 percent was gifts to endowed scholarships and other endowments. Expendable (current use) scholarships accounted for 5.6 percent of all current year giving.

2008 Annual Report
Click here to view the 2008 Foundation Annual Report and the 2008 Consolidated Financial Report, which represents the EMU Foundation and Eagle Crest Management Corp.