Lilly Endowment Gives AU $3.5 Million

Thu, 2012-07-26 11:08 -- univcomm

Anderson University has announced that the Lilly Endowment Inc. has matched $3.5 million of the university's fund-raising efforts. The gift was part of the Endowment’s campaign to strengthen philanthropy for Indiana higher education institutions. AU’s efforts netted a total of $6,282,172 in qualifying matching funds. The challenge began June 1, 2002 and ended Dec. 31, 2003.

“This challenge has provided a powerful incentive to involve alumni, friends, students, and parents in support of student aid and other vital programs at AU,” said Dr. James L. Edwards, president of Anderson University. “We were able to strengthen the very foundations of this university as we added some of the Lilly matching dollars to our own endowment. In all, thanks to the Endowment and to so many great friends who believe in all we are doing, we have become stronger, more responsive, and a more creative university.”

The Lilly Endowment offered to match:

  • Up to $3 million from Anderson University alumni. Of this amount, up to $250,000 could have come from other interested individuals or organizations not included in any of the other categories. Anderson University raised $5,606,554.
  • Up to $250,000 from current Anderson University students and family members of current and former students. Anderson University raised $403,559.
  • Up to $250,000 from current or former faculty and staff of Anderson University. Anderson University raised $272,057.

“We were so tremendously impressed with how our constituents embraced the concept of matching gifts generously offered by the Endowment,” said Robert Coffman, vice president of advancement at Anderson University. “The breadth of support for this challenge was outstanding. We had well over 5,000 donors participate in the program, which really speaks to the depth of support for Anderson University.”

A portion of the funds from the Endowment’s gift will be used to match new and increased gifts for Anderson University endowments or other restricted gifts received during the challenge period. Other uses of the funds from the Endowment will help bolster AU’s unrestricted endowment, educational programming, and capital needs.

Anderson University is a four-year liberal arts institution of approximately 2,600 undergraduate and graduate students located in Anderson, Indiana. Established in 1917 by the Church of God, the university offers more than 60 undergraduate majors and graduate programs of study in business, nursing, education, and theology.