Stillwater News Press

Local News

July 31, 2012

OSU fundraising tops $900 million

STILLWATER, Okla. — Oklahoma State University’s Branding Success fundraising campaign has topped $900 million, university officials announced Tuesday.

The university received donations of $157.3 million from July 1, 2011 to June 30, pushing its campaign total to $906.1 million. The goal is $1 billion.

Oklahoma State University President Burns Hargis said the campaign has attracted support from longtime donors as well as new ones.

“Achieving these fundraising milestones demonstrates that our alumni and friends are committed to strengthening our academic and athletic programs and making OSU one of the premier land-grant institutions in the nation,” Hargis said.

The campaign has created 853 scholarships and 133 new endowed faculty, the foundation report said.

The latest campaign total includes gifts from:

Chuck and Kim Watson: The Watsons’ gift of cash, pledges and an estate commitment combined with matching gifts will have a total impact of $36 million, which will help build the new home for the Spears School of Business and create the Watson Graduate School of Management in honor of the OSU alumni. The naming of the graduate school is dependent on approval from the university and its board of regents.

Malone and Amy Mitchell: The Mitchells committed $7.5 million to create the new home for the School of Entrepreneurship in the new Spears School of Business building.

Norman and Suzanne Myers: The Myers committed $1 million to name the dean’s suite in the new Spears School of Business building.

Spears School of Business dean Larry Crosby said the support puts OSU closer to securing all the private funding needed to build the new business school building. More than half of the $60 million in private funding has been raised.

“Not only are we well on the way to securing the private funding necessary to construct the new building for the Spears School of Business, but the Watson’s gift also strengthens our academic programs, which will keep us competitive,” Crosby said.

The Branding Success campaign has raised:

$452.1 million of its $500 million goal to supply student scholarships.

$184.8 million of its $200 million goal for endowed professorships

$178.3 million of its $200 million goal for facility improvements

$90.9 million of its $100 million goal for programs.

“Our sustained momentum is incredible. The effort becomes even more critical as we push to meet and then exceed the $1 billion goal,” OSU Foundation President Kirk Jewell said.

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