Image of OSU campus in the summer

Dear University Colleague:

Thank you for your partnership, leadership and flexibility as we advanced Oregon State University’s mission together during our fiscal year 2021, which ended on June 30, 2021. While we look forward to the year ahead, which will undoubtedly require continued innovation, I want to celebrate our many successes in fundraising and engagement in FY21. It was quite a year!

Here’s a snapshot of just a few of the remarkable things we achieved together.

A Record-Breaking Year for Fundraising and Endowment Performance; Record Number of OSU Volunteers

FY21 was a record-breaking year for all areas of our mission.

  • Inspire Investment – Donors gave more than ever.

FY21 was the best fundraising year in OSU’s history. Donors gave more than $177 million, eclipsing our previous record of $152 million in FY18 by over 16%. FY21 totals were also about 30% higher than our five-year average of $136 million. Additionally, we announced an anonymous $50 million gift to Completing Reser Stadium, which matched our largest gift ever in the history of the university.
Please join me in celebrating the College of Agricultural Sciences and Athletics, which both had their best fundraising year ever in FY21! The College of Earth, Ocean, and Atmospheric Sciences, the Honors College and University Initiatives all had their second best fundraising year of all time.

A point of pride again this year was that 100% of the OSU Foundation & Alumni Association staff and members of the OSUF and OSUAA boards made a gift in support of OSU’s mission, as did our university’s leadership – every member of the Cabinet, the Provost’s Council of Deans and the Provost’s Senior Leadership Team. This strong internal support sends a powerful message to our communities. Thank you to everyone who made a gift!

  • Steward Resources – Endowment market value reached an all-time high.

On June 30, the endowment market value was $819.5 million, with a fiscal year return of 35.95% compared to our 31.24% benchmark. Our benchmark is based on a portfolio with 80% global equities as measured by the MSCI All Country World Index (ACWI) and 20% Global Fixed Income as measured by the Barclays Global Agg.

The market value of the endowment was less than $600 million on June 30, 2018; without question, we can attribute this growth not just to a strong stock market and the generosity of our donors but also to our outsourced CIO, Agility. Their experience and expertise have been invaluable.
Most importantly, this growth generated an increased endowment payout to the university of $22.3 million. This means that we were able to provide $1.4 million more than last year to support scholarships, faculty positions, programs and projects when the university needed it most.

  •  Engage our Community – A record number of engaged volunteers. 

In a year when COVID curtailed so many of our traditional ways of connecting with constituents, I am especially pleased with how we creatively and strategically offered new opportunities for meaningful engagement and surpassed our goals in this important area. For example, we launched OSU Connections, an online network for the Oregon State University community, offering an easy and welcoming way for Beavers to take their careers to the next level and broaden their professional network.

We also significantly advanced our strategy to move program participants into volunteer roles, which increases their connection to the OSU community and their likelihood to financially support the university. We tracked nearly 5,000 volunteers in FY21, which is about 1,000 more than FY20, making this the sixth consecutive year we have tracked a record number of engaged volunteers.  

  • Diversity, Equity and Inclusion

We also made great strides in our DEI Action Plan, including building a diverse pool of potential board candidates, inspiring more than double the amount given to targeted DEI funds compared to FY20, and increasing our number of volunteers for our identity-based alumni groups by more than 300%.
As you know, we didn’t have a specific DEI action plan before last year. I am grateful to Charlene Alexander for her partnership and leadership in creating and achieving actionable DEI goals. Although we will miss her when she returns to Ball State University this fall, we will use the excellent foundation she helped us build to continue to take action on this important issue and advance diversity, equity and inclusion at OSU, in our profession and beyond.

Image of faculty member and students

Provost's Faculty Match and OSU Scholarship Match

Gifted, entrepreneurial and passionate faculty are central to the success and impact of Oregon State University. At the end of FY21, the Provost’s Office announced a matching program that offers donors an incentive to support outstanding faculty, today and for generations to come, and will help us grow our number of endowed faculty position funds beyond our current count of 153.

Through the Provost’s Faculty Match program, donors who establish endowed faculty position funds with gifts of $250,000 or more will leverage matching funds for the college or unit where the position is based. The program has the potential to leverage more than $12.5 million in private support for OSU faculty positions, amplifying donors’ impact on Oregon State for generations. Funded by the Office of the Provost at $2.5 million ($500,000 per year for five years), the program is a component of several multi-year investments in the faculty. We are looking forward to continuing to partner with all of you on inspiring donors to give to faculty excellence.

Similarly, in partnership with OSU’s Office of Enrollment Management, we launched the OSU Scholarship Match program to create new endowed scholarship funds that will immediately benefit students. So far 34 donors have stepped forward with gifts totaling $1.6 million to take advantage of the opportunity to help our students now – and forever – by creating an endowed scholarship fund.

OSU students in a classroom

Meeting the Needs of our Community Through Cause-Related Fundraising and Engagement

As we reflect on the last year, we can’t forget the university's incredible success on Dam Proud Day, which yielded more than 4,000 gifts totaling more than $1.1 million, the majority of which directly benefited students (nearly doubling our 2019 giving day totals). This success is in large part driven by university-wide partnerships and promotions. Thank you!

In addition to Dam Proud Day, Beavers joined together throughout the year to support causes important to our community. Focused fundraising efforts this year have included Beavers Fight Hunger, which responded to student food insecurity, our diversity, equity and inclusion initiative, which included engagement opportunities with affinity and identity-based alumni groups, as well as our most recent initiative focused on veteran and military-connected student success.

News and Events

Thank You

Of course, I would be remiss if I didn’t acknowledge our recognition earlier this year by CASE, our professional association, with its Virginia Carter Smith Grand Crystal Award for our outstanding work on FY20's Beavers Care initiative, which responded to the financial needs of students, faculty and staff as a result of the pandemic. This external recognition, combined with all these accomplishments, reflect our great momentum, and we couldn’t have achieved any of it without your partnership, leadership and insights. 

And lastly, I’m pleased to share that, thanks to the hard work of our colleagues across the university, we are also on track toward our campaign working goal for the public kick-off, which is tentatively planned for fall 2022.

Please reach out to me if you have questions. Thank you!


Shawn L. Scoville
President and CEO 

P.S. We are gearing up to launch a new integrated web experience later this month for the OSU Foundation & Alumni Association, i.e. one website instead of two. Stay tuned!

OSU Foundation : 4238 SW Research Way, Corvallis, OR 97333, USA

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