Foundation Receives Second National Award

Foundation receives
second national award

The Stout University Foundation Inc. has been named to receive the top national award for educational fund raising for the second consecutive year.

The award was presented July ll by the Council For the Advancement and Support of Education at the group's annual meeting in New York. The foundation is the fund-raising arm of UW-Stout. Patricia Reisinger is the director.

Titled Circle of Excellence, the award was based on fund-raising efforts of the foundation for the fiscal year l993-94. Approximately 1,000 colleges, universities and independent schools submitted data. Ninety-eight were selected. UW-Stout was the only public university named in Wisconsin.

In announcing the award, UW-Stout Chancellor Charles W. Sorensen praised the work of Reisinger, the foundation staff and Board of Directors, and cited new programs the foundation had introduced to serve the university.

"Last year's award was a first for the foundation in its more than 30-year history," Sorensen said. "To repeat in consecutive years is remarkable." Foundation assets jumped more than $3 million during the year. Growth allowed the foundation to expand its assistance to the university in areas that include scholarships and faculty and staff grants. The grant program enables staff and students to pursue research, equipment needs or special projects related to the mission of the university.

When the foundation was organized in 1963, two scholarships totaling $200 were presented. In 1994, 270 students received more than $195,000 of support.

"It's gratifying to receive the award. It acknowledges that assistance to the university community reached a new level," said Reisinger, who was named director in 1991. "Obviously, our donors believe in Stout. They share our commitment."

The $3.78 million received during the year represented a 75 percent increase in alumni contributions; a 60 percent increase for corporations; and a 30 percent increase for parents. Overall, gifts increased 46 percent.

In 1993, the foundation launched a $10 million campaign to transform Fryklund Hall into an advanced manufacturing center. That campaign is at $8.2 million.

David W. Wendt, Madison, is president of the Foundation's 35-member Board of Directors.

Outlook Fall '95