KENNESAW, Georgia (Sep 17, 2021) – Kennesaw State University’s enormous growth in enrollment, study programs and academic recognition is matched in the area of fundraising, directly benefiting thousands of students.
Since 2019, the Kennesaw State University Foundation has seen total fundraising from private sources skyrocket to over $ 60 million, more than triple any other two-year period in KSU history. This growth in fundraising has enabled the University to support a range of benefits for students, including scholarships.
Over the past three years, the value of scholarships funded by the Kennesaw State University Foundation has nearly doubled. Scholarship spending for 2021 is $ 3.3 million, up from $ 1.7 million in 2018. This means that nearly 5% of students in Kennesaw State – over 2,000 people – obtained a scholarship supported by the Foundation in 2021.
Kennesaw State University Vice President for Advancement Lance Burchett notes, “The work of our Trustees, Foundation staff, and the support of the University leadership have helped us share the story at success of Kennesaw State, which inspired a rapidly growing group of supporters. This dynamic team has doubled the endowment of KSU in just two years – to around $ 100 million – simply breathtaking!
A long-time administrator of the KSU Foundation and supporter of the university, Dr Bob M. Prillaman honors the administrative leadership of KSU, the advancement staff led by Burchett, as well as the other members of the Board of Trustees and from the community.
“Pretty much everywhere you look at Kennesaw State, there are stories of accomplishment, and that’s why the financial support is increasing,” said Prillaman. “The credibility, passion and leadership of the Foundation’s leaders, Trent Turk and Steven Cadranel, really made the difference in philanthropic influence.
Here are some highlights of the fundraising for the State of Kennesaw:
- Fundraising for fiscal year 21 reached 217 percent of its goals.
- The number of grant proposals of $ 50,000 or more increased to 129 this year, down from just 28 in FY18.
- Major donations number 107 this year, compared to 54 in FY18.
- KSU’s administrative fee to raise one dollar fell from 41 cents in FY19 to 15 cents in FY21.
Trenton D. Turk, President of the KSU Foundation and former President of the SPSU Foundation, said that an active and dedicated Board of Trustees has helped the KSU Foundation meet the needs of a rapidly growing university.
“Our Trustees are not only financial backers of the State of Kennesaw themselves, but they are also effective in expanding the circle of donors by championing the University and its mission to provide world-class education and produce. groundbreaking research, ”Turk said. “Our 57 directors are dedicated to advancing KSU’s mission by donating their time, talents and treasures. Many of our large donations come directly from one of our Trustees or from a contact made by one of our Trustees.
Kennesaw State Interim President Kathy Schwaig said private funding is important to meet the University’s commitment to undergraduate education, increase graduate opportunities and undertake research required.
“The advancement team under Lance’s leadership, working with an exceptional board of directors and following the lead of (former KSU president) Pamela Whitten, has played a huge role in the success of Kennesaw State,” said said Schwaig.
A leader in innovative teaching and learning, Kennesaw State University offers undergraduate, graduate and doctoral degrees to its more than 41,000 students. With 11 colleges on two Atlanta metro campuses, Kennesaw State is a member of the Georgia university system and the second largest university in the state. The university’s vibrant culture, diverse population, strong global ties, and entrepreneurial spirit attract students from across the region and from 126 countries around the world. Kennesaw State is a Carnegie-designated doctoral (R2) research institute, which places it among an elite group of just 6% of US colleges and universities with an R1 or R2 status. For more information, visit kennesaw.edu.