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09/16/91

CONTACT: Stanford University News Service (415) 723-2558

Stanford received $180.9 million in gifts in 1990-91

STANFORD -- Stanford received $180.9 million in gifts from private donors during the fiscal year that ended Aug. 31, Vice President for Development John B. Ford reported on Sept. 16.

"We are pleased that, in a year filled with so many distractions, the Stanford family nevertheless came through in loyal and generous fashion," Ford said. "The total is down from 1989-90's all-time record. Still, Stanford's supporters gave $56 million more than in the last full pre-Centennial Campaign year.

"It's a very good result for the last year of a rigorous five-year campaign, and a year marked by uncertainty over budgets and controversy over government-sponsored research," Ford said.

"Corporations and foundations again made substantial invest-ments in university programs," Ford added. "The corporate gifts total was the second largest of the campaign."

Individual donors gave $7.9 million, of which $22.9 million came in the form of bequests. Corporations gave $42.3 million, and grants from foundations and associations amounted to $40.7 million. Gifts to the Annual Fund totaled $16.7 million.

The $180.9 million gift total for 1990-91 compares with gifts of $202.2 million in 1989-90.

The Stanford Centennial Campaign's 5-year goal, announced in February 1987, was $1.1 billion. As of Aug. 31, 1991, $1.16 billion had been given or pledged.

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