YOUNGSTOWN, Ohio — Youngstown State University and the YSU Foundation today announced it received a record $24.1 million in donations in fiscal year 2021-22, the largest one-year total of 114 years of university history.
“Our donors are among the most generous and supportive in the country,” said YSU President Jim Tressel. “Their continued commitment bodes well for the university, our students and our community.
The banner year is the latest in a string of fundraising successes for YSU and the YSU Foundation, which oversees the university’s philanthropic activities.
In fiscal 2014, the year before Tressel was named president, YSU raised $6.1 million. The following year, the total more than doubled to $13.3 million, then jumped to $22.3 million in fiscal year 2016. In total, since Tressel’s arrival, YSU has received $150.3 million in gifts.
“The combined efforts of the President and First Lady Tressel, our donors, the campus community, and our talented and hardworking foundation staff have helped raise tens of millions of dollars to ensure we provide the best opportunities. possible to our students and the entire Mahoning Valley community,” said Paul McFadden, President of the YSU Foundation.
In fiscal 2022, YSU received a total of 4,360 gifts, up 11% from 3,925 gifts in the prior fiscal year.
Donations were punctuated by a $5 million gift from Dr. Chander Kohli and his wife, Karen, on behalf of Kohli Hall; $1.5 million from Richard and Susan Sokolov to name the Sokolov Honors College; and a $1 million donation from Vince and Phyllis Bacon to support the Watson Team Center on campus.
The fundraising records coincided with YSU’s “We See Tomorrow” fundraising campaign, which was publicly announced in 2018 with a goal of $100 million and increased to $125 million two years later.
Tressel and McFadden announced the end of the campaign in September 2021 with a total of 32,581 donations amounting to $126.2 million, including 40 donations of $1 million or more.
“Our donors are committed to providing opportunities for our students,” McFadden said. “Through scholarships, endowed chairs, support from various academic programs, and assistance with academic initiatives, we always remain focused on ensuring that YSU students have the means and resources to further their careers and their personal goals.
The YSU Foundation dates back to 1966, when Howard Jones, who served as president of Youngstown College and then Youngstown University for 35 years, established “The Youngstown Educational Foundation” as a private endowment of the university. In 1983, the name changed to the YSU Foundation, while retaining its autonomy and independence from the university.
Shortly after Tressel became president in 2014, the university ended its own development operations and contracted with the foundation to provide philanthropic services.
Today, the foundation, with one of the largest endowments among public universities in Ohio, is YSU’s designated philanthropic entity and provides $10 million in scholarships to YSU students each year.
Published by The Business Journal, Youngstown, Ohio.