To our Alumni and Friends:
Thank you for making fiscal year 2014 a banner year! Fundraising records were set, with generous donors like you helping the University achieve $20.3 million in new gifts and pledges.
The CSU Foundation, which stewards the gifts that you and others entrust to us, saw its funds under investment grow to $72.3 million, the highest total ever. Our endowment investment portfolio realized an incredibly strong 17.3 percent return for the 12 months ending June 30, 2014. The market value of the endowment was $66.2 million, which surpasses last year's value of $55.9 million. The outlook for the current fiscal year is positive as well.
Since its founding in 1964, Cleveland State University has grown to be a vibrant urban center in the heart of downtown Cleveland. Tremendous positive change has occurred over 50 years - in the physical campus, the academic program, enrollment, and the University's leadership role in Northeast Ohio and beyond. We appreciate the role you have played in CSU's success.
As we look to the next 50 years and beyond, CSU remains committed to providing all students with an excellent education at an affordable price.
For that, we need your ongoing support.
Both CSU and the CSU Foundation are thriving, thanks to your engagement. We look forward to your continued partnership and investment in Cleveland State University and its students.
Berinthia R. LeVine
Vice President, University Advancement
Executive Director, Cleveland State University Foundation
Stephen F. Kirk
Chair, Cleveland State University Foundation