2009-2010 Annual Report

Monday, May 9, 2011

A Message from the Chairman

Donor investments yield high returns

Hearing St. Cloud State's mission – "to prepare students for life and work in the 21st century" – reminds me that of all the investments I've made, the most important was in my own education. The years I spent at St. Cloud State provided me with an excellent foundation for a lifetime of rewarding experiences. As you can see by the names listed in this Annual Report, I'm just one of many alumni and friends who enthusiastically give back to the University that we believe will continue to grow as a vital educational and cultural resource. In doing so we know we're investing in St. Cloud State's future graduates and every one of the communities they will impact with their character, knowledge and skills.

It's exhilarating to be part of the vision and commitment that drives St. Cloud State forward, building the relationships and strengthening the programs that make ours a great university and an even greater asset to the region. It's heartening also to be part of a growing circle of partners who are finding new ways to support the mission, build endowments for much-needed scholarships and help make up for unprecedented reductions in state funding. Some examples include:

  • In a record turnout last November, students voted to raise their fees by $1.74 per credit to support Husky athletics to the tune of $600,000 a year. Student Government initiated the ultimately successful referendum to increase student fees to alleviate the possibility of cutting out one or more sports.
  • Booster groups for individual Husky sports motivate fans and raise funds in a variety of ways to lend extra support for their teams.
  • Despite the challenging economic times and cuts in academic departments and service offices, the University Campaign set new records for participation and total dollars raised. Last year, 643 employees, emeriti and retired faculty and staff participated in the campaign reflecting a four percent increase over the previous year's total. The campaign also set a new record in total dollars raised — exceeding last year's total by 12 percent to $283,549.

Just as St. Cloud State faces serious economic challenges, so does a growing proportion of deserving students. This fall the number applying for financial aid on our campus increased by 8.3 percent, and records indicate our students are borrowing more than $78 million to help pay for college this year. In 2009-10 the SCSU Foundation provided $548,000 in scholarship assistance, and we hope to increase our giving to help even more students who seek a well-rounded, outstanding education.

As a Foundation Board of Trustees, we realize our students learn better in an environment with the services and resources that support all aspects of their education, and we're grateful that so many individuals in so many ways are honoring the SCSU Foundation's mission "to support and enhance St. Cloud State's ability to ignite students' learning and discovery of their gifts, their passions, and their potential contributions to society."

Russ Hagen '64 Chairman, St. Cloud State University Foundation Board of Trustees

{ Download the 2009-2010 Annual Report (pdf) }

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