In the past 10 years, Colorado Mesa University has undergone a dramatic transformation increasing enrollment to nearly 10,000 students. This growth necessitated more on-campus residence halls for more than 2,200 students. CMU has also strengthened it's admissions standards and competes with public and private institutions for highly qualified applicants. The number of full-time faculty has also increased so that the student to faculty ratio remains low—an outstanding 22:1. The campus has a host of new and refurbished academic buildings with state-of-the-art classrooms.
The state's share of CMU's operating revenue is not likely to increase in the foreseeable future; and for the university to continue to excel, private funding for capital and scholarships will become even more important. Capital Campaigns will be a key development strategy for raising the funds necessary to continue to propel CMU forward.
The university will periodically undertake public campaigns to solicit charitable gifts to build stronger programs and facilities and to leverage state resources. The campaigns will have a limited duration and a specific funding goal, a percentage of the total budget for the facility or program. Alumni, individuals, businesses and charitable foundations will be encouraged to support the campaign based on natural affinities and complementary interests.
The CMU Foundation and Board will coordinate and lead the campaigns, working closely with university leadership. Substantial gifts pledged during the campaign may also provide naming or other recognition opportunities for the donor. Capital gifts may also qualify the donors for Enterprise Zone (EZ) tax credits—up to an additional 25 percent credit on state income taxes.
Donors may create an endowment with the CMU Foundation beginning with a gift of $25,000. The initial gift is invested, and traditionally the generated earnings support scholarships named in honor of the benefactor. However, an endowment may also provide support for faculty, a program, technology or other goals of the donor's choosing. No institutional fees are taken from the principal gift or its earnings and these gifts are 100 percent tax deductible.
For more information for establishing an endowment at CMU, call the foundation's CEO, Liz Meyer, at 970.248.1410 or email at firstname.lastname@example.org.