UMCOE Foundation Donations Surpass $300K in 5 Years

In the first meeting with the College of Engineering’s new Dean Elizabeth Loboa in January, the UMCOE Foundation was able to report that it had now received over $338,345 in donor contributions since it’s initial “start-up” campaign in late 2010.  These contributions have been from individuals, Foundations, corporations, and corporate employee-matching.  As a result, after paying for the overhead of starting this 501(c)(3) organization, the UMCOE Foundation has been able to contribute back to the COE with a Library Study Room upgrade project, the contribution to MEERC,  $34,500 in the 2012 Scholarship Campaign, Facility 50/50 Matching campaign, a COE Student Activity Van, over $20,000 in additional scholarships, and recently the start of an Endowment Fund.  In most cases, the Foundation is providing these contributions without applying an administrative overhead fee.