ADDENDUM #10

NORTHERN MICHIGAN UNIVERSITY

Board of Trustees

DEVELOPMENT FUND REPORT

May 2, 2003

The Development Fund reports that the campaign total through April 30, 2003 is $34,120,622 which is 113.74% of the goal of $30 million. This represents an increase of $1,856,142 since the December meeting of the Board, and $3.4 million since my report to you one year ago.  We surpassed the $34 million mark in April and with the close of the campaign on June 30, 2003 we find Ellwood Mattson’s ultimate goal of $35 million within our reach.

Significant gifts during this time include:

• receipt of the initial pledge installment from the DeVos Family Foundations for the DeVos Art Museum and support of the museum programming endowment;
• establishment of the Cyrus Family Endowment to support music, business and athletic projects and by alumni Dennis and Julie Cyrus;
• significant estate gifts to support the public television operations and a new general scholarship;
• renewed support for annually awarded scholarships from individuals and businesses, and the recent establishment  of a scholarship by a non-degreed alumnus to assist male students entering the nursing field;
• a third Presidential Scholar commitment was received from former Development Fund Board member and alumnus Robert Gorsuch;
• creation of the Employee Emergency Assistance Fund to provide assistance to employees affected by the elimination of positions as part of the budget reduction process.
• Also the establishment of the R. Thomas Peters, Jr. Endowed Scholarship Fund by several alumni to honor Tom’s many years of service to Northern and his community, which has been generously supported by friends, classmates and colleagues of Tom.  This fund will be publicly announced and presented to Tom at September’s Homecoming celebration.

The Annual Fund appeal for this closing campaign year is concluding with a third and final mail appeal recently sent and an e-mail solicitation scheduled for May. Results to date for the direct mail and calling campaigns show a total of $240,000 in gifts to the unrestricted annual fund and designated projects, with an average gift of $109 for mail response and $62 for telephone pledges. 

Analysis of the results and strategy for the 2004 annual fund will be a major project this summer.  We’ll also be preparing for the announcement of the final campaign total, analyzing the results for reporting and website broadcast, and planning for the closing event. And in two weeks the Development Fund Board of Trustees will hold their annual meeting, at which time we will be celebrating the 35^th anniversary of the incorporation of the Development Fund.

As Northern’s first campaign draws quickly to a close, I would like to thank the NMU Board of Trustees and administration for the support you have provided to the Development Fund board, staff and fundraising volunteers.  We have experienced tremendous growth and achieved outstanding results in this campaign and your leadership has been instrumental in the fundraising success the university has experienced.  As this is my final campaign report to you as interim director, I also want to thank you for the opportunity to address the board with an update at each meeting.