Transforming Lives Campaign Update November 2014

NOVEMBER 2014

INVESTING IN PEOPLE AND IDEAS TO ENGINEER A VIBRANT GLOBAL FUTURE

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Not since its founding 140 years ago has Colorado School of Mines undergone a period of change as wide-reaching as it has during the Transforming Lives campaign.

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THE WORLD NEEDS MINES As the university celebrates its 140th anniversary this year, it is a fitting time to look back with pride at milestones in our history, such as: • the graduation of Florence Caldwell, our first female graduate, in 1898 • the building of the iconic M on Mt. Zion in 1908 • our infamous 1939 undefeated football team • construction of Arthur Lakes Library in 1955 and Marquez Hall in 2012

M.W. Scoggins President Colorado School of Mines

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While we are proud of our achievements, we remain focused on the future. It is in large part because of private support that we head into the next 140 years as strong as ever, making the kinds of impacts today that will resonate for generations to come.

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Through the Transforming Lives campaign, our goal is to raise $350 million for Mines. Each year since the start of the campaign, we have set the bar higher, raising more than the year before.

With the help of nearly 7,000 donors we have raised 70% of our fundraising goal.

Approximately 28 percent of donors have given for the first time during this campaign. These donors—students, Mines alumni, faculty and staff, corporations, foundations and friends of the university—give to Mines because they understand that private support helps Colorado School of Mines develop life-changing solutions to complex global challenges.

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MESSAGE FROM THE CSM FOUNDATION PRESIDENT This is an exciting time for Colorado School of Mines and the CSM Foundation. Since we embarked on Transforming Lives: The Campaign for Colorado School of Mines, alumni and friends have helped us break fundraising records for three years running.

If you have not yet taken part, please join us. Mines’ longstanding donors were once first-time donors, too. You can rest assured that your gift will help Mines grow to meet the challenges of the future. There are many ways to take part: • make a gift to The Mines Fund to support priority needs • join the President’s Council by making an annual gift of $1,000 or more • establish an endowed scholarship in your name or in memory of a family member, friend or loved one with $25,000 or more You can make a one-time gift, or pledge your support over monthly or yearly installments, and you choose the area at Mines that will benefit from your support.

Your employer, or past employer if you’re retired, may even double or triple your contribution through matching gifts.

It takes just $75 to register a student for a conference that could open doors to a fulfilling career. A $5,000 enrichment grant enables a McBride Honors student to study or intern abroad. With a $1.5 million endowment, you can establish a faculty endowed chair and provide approximately $67,500 in funding annually.

Please visit giving.mines.edu to learn more about the campaign, our donors and the students who benefit from private support every day. If you have joined us in this transformative initiative, THANK YOU! We are grateful

for every donor because every gift to Colorado School of Mines matters.

Brian Winkelbauer President Colorado School of Mines Foundation

MAKE A GIFT

TO TRANSFORM THE FUTURE.

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CAMPAIGN GOAL

$350 MILLION INCLUDING $220M & in private philanthropic gifts

$130M in industrial research funding

241.4 MILLION

$

RAISED AS OF 9/30/2014 including private gifts and research funding

428 corporate and foundation donors

In addition to our alumni and friends, corporations, foundations and other organizations are making an impact and transforming lives.

6,771 DONORS

1,947 new donors 4,400 ALUMNI DONORS

271 MILLION

$

Endowment

NUMBER OF COUNTRIES REPRESENTED BY DONORS: 31 NUMBER OF STATES: 50 6

NAMED CHAIRS AND PROFESSORSHIPS Since the Transforming Lives campaign began, Mines established 10 new named faculty positions bringing the total to 36, an increase of 38 percent. The new faculty chair positions are funded at an average of more than $2 million, while the positions in place previously were initially funded at an average of $1.35 million.

New Faculty Positions Ben L. Fryrear Assistant Professor of Applied Math and Statistics

Est. 2012 By: Ben L. Fryrear ’62 Ben L. Fryrear Assistant Professor of Electrical Engineering and Computer Science

Est. 2012 By: Ben L. Fryrear ’62 Jerry and Tina Grandey University Chair in Nuclear Science and Engineering

Est. 2012 By: Jerry ’68 and Tina Grandey Bruce E. Grewcock University Chair in Underground Construction and Tunneling

Est. 2012 By: Bruce E. Grewcock ’76 Robert J. Weimer Distinguished Endowed Chair in Sedimentary and Petroleum Geology

Est. 2012 By: James J. MS ’81 and Kathy L. Emme; Hershal C. Jr. ’58 and Trudy Ferguson; John P. ’52

and Erika H. Lockridge; Chuck ’61 and Louanne Shultz; Whiting Petroleum Corporation and others Timothy J. Haddon/Alacer Gold Endowed Chair in Mining Engineering

Est. 2013 By: Alacer Gold F.H. “Mick” Merelli/Cimarex Energy Distinguished Department Head Chair in Petroleum Engineering

Est. 2013 By: Cimarex Energy Co. ABS Endowed Chair in Metallurgical and Materials Engineering

Est. 2014 By: American Bureau of Shipping Ben L. Fryrear Endowed Professorship Fund for the College of Engineering and Computational

Sciences (two positions)

Est. 2014 By: Ben L. Fryrear ’62

428 FACULTY MEMBERS

151

204

TENURED OR TENURE-TRACK

RESEARCH FACULTY

73

TEACHING FACULTY

100% OF FULL-TIME TENURED OR TENURE-TRACK FACULTY HOLD DOCTORAL DEGREES

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INVESTING IN STUDENT SUCCESS Colorado School of Mines supports students from their first day on campus to graduation and beyond, when they become valued alumni. Top-notch faculty, sparkling facilities, innovative technology, one-on-one tutoring services and study abroad programs attract today’s best students.

#1 USA Today’s Top 10 Engineering Colleges in the U.S. #1 College Factual’s Top 10 Engineering Colleges in the Nation #2 USA Today’s Top 10 Colleges for a Major in Math #3 PayScale’s 2014-2015 College Salary Report: 3rd state university in the U.S. for early career salaries for all graduates at $68,600

#38 U.S. News & World Report’s 2015 Best Colleges Rankings: 38th in Top Public Schools

#41 U.S. News & World Report’s 2015 Best Colleges Rankings: 41st for Best Undergraduate Engineering Programs (where the highest degree is a doctorate)

SINCE THE LAUNCH OF THE TRANSFORMING LIVES CAMPAIGN, AN INFLUX OF TECHNOLOGY HAS MODERNIZED MANY OF MINES’ CLASSROOMS. 8 NEW COMPUTERS AND SMART BOARDS HAVE INCREASED CONNECTIVITY AND SPED THE DISCOVERY OF NEW INFORMATION BY LEAPS AND BOUNDS.

THE TIME IS NOW A growing global population is creating unprecedented demand on the planet’s resources. Upon graduating, the future scientists and engineers studying at Mines will leave campus prepared to meet these challenges in countless ways.

That means your investments in Mines today will impact the future like never before. Since the campaign began, donors have committed $52.4 million for student aid, which is approximately 70 percent of our campaign goal. More than 110 new scholarships have been established, which so far have funded more than 1,560 additional Mines students.

And we are not finished. Even though private donors fund about a third of every Mines student’s education, 68 percent of our students have student-loan debt averaging $27,495 when they graduate.

Private donors make a real difference.

68%

OF MINES STUDENTS HAVE STUDENTLOAN DEBT AVERAGING $27,495 UPON GRADUATING

engineering disciplines are ready to really change the

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These young adults coming out of school today in the

world. And the world needs to get out of their way and let them do that.

Tom Jorden ’80, MS ’87

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PROGRAM SUPPORT AND SCHOLARSHIPS OPEN DOORS FOR MINES STUDENTS

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My experience at Mines has been fantastic. We have remarkable students with great work ethics and a lot of drive to do well. For a teacher, that’s the best in the world.

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Keith Neeves Assistant Professor, Chemical and Biological Engineering

possibility of using algae as a biofuel and increased my understanding of the world. After graduation I plan to

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The studio biology course opened my eyes to the

research and develop biofuels in the alternative energy industry. Thank you very much for this scholarship, which is making it possible for me to attend Mines.

Anna Deleray Chemical and Biological Engineering Student M.W. and Karen Scoggins Board of Trustees Honors Scholar

Anna Deleray

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BOOSTING PARTICIPATION Over the past few years, members of the board of governors have begun a tradition of successful challenge matches that encourage increased donor participation. It has worked, and we are excited our donor base is growing each year!

This fall, Marshall C. III ’67 and Jane Crouch and Robert E. III ’68 and Ann McKee are co-chairing the 140th Anniversary Challenge that will multiply donor support to The Mines Fund at the President’s Council-level. The Mines Fund is a critical part of the annual giving program and supports:

21%

53% Scholarships

53%

16%

21% Student Life Initiatives 16% Graduate Support

10%

More than 930 donors are members of Mines’ President’s Council.

One member, Alfred T. Ireson ’48, has been giving to Mines since his first $10 gift to The Mines Fund in 1955.

Today, he’s Mines’ longest consecutive annual donor at the President’s Councillevel. He’s also a member of the Mines Century Society and the Heritage Society, and he has even deeded his home to the university as part of a life estate gift.

10% Technology

Members of the President’s Council, who give $1,000 or more per year, comprise more than 60 percent of Mines’ total funding raised annually in support of university priorities. We show our appreciation for their extraordinary commitment by providing President’s Council members with exclusive communications, access to university faculty and administration, special events and the opportunity to stay connected to their peers.

Increasingly, students are getting into the action. Student contributions to the Class of 2014 Senior Gift were designated to academic departments and to The Mines Fund, and they were matched by President and Mrs. Scoggins and 1970 alumnus, Mines Trustee and Transforming Lives campaign cochair Tim Haddon and his wife, Mary.

Alfred T. Ireson ’48

For a complete listing of donors, visit giving.mines.edu/donors.

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ESTATE PLANNING A gift to Mines in a will or revocable trust enables donors to support our mission and make a difference in the lives of future generations. It is easy to arrange, will not alter your current lifestyle and can be easily modified to address changing needs.

These gifts impact lives long after your lifetime.

Bequests made during the campaign: 91 Total value of realized bequests: nearly $6.5 million In 2014, Hugh ’49 and Ann Evans released funds from life income accounts with the CSM Foundation to establish the 10th Mountain Division Endowed Scholarship named for the World War II division in which Evans served. The group fought in the mountains of Italy and played an important role in the war. The couple also established the Hugh W. and Ann G. Evans Endowment for Mining Engineering. A portion of their gift provided unrestricted support for Mines.

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Colorado School of Mines is a real gem.

It’s a national treasure and an institution with global reach.

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Other notable bequests:

Tom Petrie, Chairman, Petrie Partners • • • • • • • • •

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Robert J. Andersen ’54 Bill H. Combs Genevieve A. Darden Richard F. Dewey ’43 Jim Pacha Sue Peiker Tom ’36 and Mary Snedeker Marian Van Kirk Milton H. Ward

CAPITAL PROJECTS It is an exciting time to be on the Mines campus. With a record 944 degrees awarded at spring commencement, and unprecedented numbers of applications each year, the university is building a robust campus infrastructure to attract and serve its hardworking students and dedicated faculty.

Building Name

Sq Footage

Status

CoorsTek Center for Applied Science and Engineering

95,000 SF

Planning Phase

Marquez Hall

87,000 SF

Opened Fall 2012

Clear Creek Athletics Complex

80,500 SF

Under Construction

Starzer Welcome Center

31,000 SF

Under Construction

W. Lloyd Wright Student Wellness Center

10,000 SF

Opened Fall 2012

$26.9 million

CoorsTek and the Coors family invested —the largest single private commitment in Mines’ 140-year history—to fund the construction of the 95,000-square-foot CoorsTek Center for Applied Science and Engineering, establish the CoorsTek Research Fellows Program and fund the purchase of high-tech equipment.

MINES ATHLETICS The Orediggers’ competitive spirit is alive and well. During the 2013–2014 school year, Mines’ studentathletes earned 19 All-American Honors and 12 Rocky Mountain Athletic Conference Player of the Year awards. Mines athletes garnered top 25 rankings in 2013–2014 in the following sports: • • • •

Women’s Soccer Men’s Soccer Volleyball Men’s Cross Country

• • • •

Golf Men’s Basketball Men’s Indoor Track & Field Men’s Outdoor Track & Field

Mines student-athletes are known for their success in the classroom as well as on the field.

The average GPA for Mines’ student-athletes is 2.99.

To learn more about the Clear Creek Athletics Complex, visit giving.mines.edu/bigwin.

President M.W. Scoggins and Dr. John K. Coors ’77

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2014: A RECORD-BREAKING FUNDRAISING YEAR The fiscal year ending June 30, 2014, was the most successful fundraising year in Mines’ 140-year history. For the third year in a row, Mines broke its previous record. Nearly 3,200 alumni, friends and industry partners made $47.8 million in philanthropic gifts and commitments to Mines, building a solid base of private funding for scholarships, faculty, technology and programs. Nearly 400 parents supported Mines, providing funds that benefitted not only their children, but other Mines students as well.

$47.8 MILLION

3,200

$2.9 MILLION

RAISED

DONORS

FOR THE MINES FUND*

$4.8 MILLION

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2,211

IN BEQUESTS

BEQUESTS

DONORS TO THE MINES FUND

82%

OF MINES STUDENTS RECEIVE FINANCIAL AID

36%

OF MINES STUDENTS RECEIVE SCHOLARSHIPS

33%

OF A MINES EDUCATION FUNDED BY PRIVATE DONORS

Notable gifts from 2013–2014: With a commitment of $4.2 million, Harold ’68 and Patricia Korell are supporting the Clear Creek Athletics Complex, scholarships and The Parents Fund.

A gift of $4 million from Patty ’83 and Mike ’83 Starzer is supporting construction of the Welcome Center, to be named for the couple.

A $3 million commitment from ConocoPhillips established the ConocoPhillips Center for a Sustainable WE2ST (Water-Energy Education, Science and Technology) at Colorado School of Mines.

A $2 million gift from American Bureau of Shipping established the American Bureau of Shipping Endowed Chair in Metallurgical and Materials Engineering.

A $1.5 million gift from Alacer Gold Corporation is supporting the Timothy J. Haddon/Alacer Gold Endowed Chair in Mining Engineering.

*including a unique estate gift

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MESSAGE FROM THE CAMPAIGN CO-CHAIRS We’ve come a long way since we publicly launched the most ambitious campaign in school history last fall. We’re excited about our progress together, and we’re eager to make next year even better. We’ll keep you posted every step of the way, because after all, this is your campaign!

As co-chairs of this transformative initiative, we are focusing our efforts on innovation, student enrichment, global reach and core strengths.

By leveraging resources in these key areas, we are securing funding for scholarships, faculty positions, leadership opportunities, facilities and much more. This year, we raised a record-breaking $47.8 million, and since the campaign began, our endowment has grown by $105 million, ensuring a solid foundation of support for years and decades to come.

You are an important part of the community of support that keeps Mines moving forward. With your help, Mines is impacting the world like never before! Please join us and invest in a vibrant global future.

Chuck Shultz ’61

Tim Haddon ’70

Transforming Lives Campaign Co-Chairs

giving.mines.edu

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PO Box 4005 Golden, CO 80402-4005

Thank you for taking the time to read about the campaign. If you’ve joined us in this ambitious endeavor, we offer you our deepest gratitude. If you haven’t, there’s still time to take part in Transforming Lives: The Campaign for Colorado School of Mines.

Visit giving.mines.edu to learn more.

Get the latest news from Mines and firsthand details about the Transforming Lives campaign at a Mines on the Move event in your area.

Providing opportunities for investment in people and ideas to engineer a vibrant global future. giving.mines.edu

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