Mines sets fundraising, research volume records
GOLDEN, Colo., July 24, 2009 —The Colorado School of Mines Foundation has completed its most successful fundraising year ever, receiving more than $30 million in gifts and commitments. In addition, research volume at Mines is more than in any previous year, with awards totaling more than $50 million. Both record-setting numbers were posted for the 2009 fiscal year that ended June 30.
“These achievements are a tribute to our outstanding faculty, staff and students. In these difficult economic times, they are working harder than ever to maintain Mines’ reputation for excellence and to be an important economic driver for the state of Colorado,” said Mines President Bill Scoggins.
Mines contributors directed a total of $13 million to scholarships and student support, including a record $10 million endowment gift to establish a merit-based scholars program. Corporate and individual donors made gifts and commitments of more than $8 million toward construction of Marquez Hall, the school’s planned petroleum engineering building.
“More than 3,800 donors helped make 2009 a banner year. This is the kind of private support that will be instrumental to Mines’ ability to keep achieving its ambitious goals,” said Vice President for University Advancement Molly Williams.
The school’s endowment is estimated at $147 million. For fiscal year 2008, Mines ranked 25 out of 269 public institutions for endowment dollars per student.
The total value of all research grants (public and private) awarded to Mines during the year was $51.4 million. Research awards for the 2008 fiscal year were $41.5 million, and 2007 exceeded $33 million.
“The steep trajectory in our research volume makes a pretty strong statement,” said John Poate, vice president for research and technology transfer. “Energy security is national security. Mines has a very important role to play in today’s economy and our faculty are stepping up to the plate.”
For example, Mines received one of the 14 National Science Foundation (NSF) Materials Research Science and Engineering Center awards issued in 2008. The $9.3 million award has allowed researchers to establish the Renewable Energy Materials Research Science and Engineering Center, which is focused on investigating emerging renewable energy materials and technologies. The Mines center will collaborate with the National Renewable Energy Laboratory and is the first NSF-funded center dedicated solely to renewable energy.