Year in Review 2010-2011
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Johnson’s outstanding fundraising achievements were offset in fiscal year 2010-2011 by a reduction in endowment payout and lower-than-expected enrollment in our Cornell-Queen’s Executive MBA program. Nevertheless, we grew revenues by 1.8 percent and, excluding a one-time debt service payment, kept expenditures flat. General operating expenditures included an increase in the advertising budget for our Executive MBA programs and the addition of new boardrooms to the Cornell-Queen’s Executive MBA program. We continued to make prudent investments in strategic priorities such as hiring new faculty, enhancing the leadership curriculum, expanding programs internationally, and developing global institutional relationships.

Johnson’s Annual Fund set new records for dollars raised and number of donors, reaching $2.58 million from 2,710 individual donors in fiscal year 2010-2011. These totals exceeded our $2.5 million goal by 3 percent, and tallied 72 more donors than our previous record, set in 2007-2008. Loyal donors who renewed and increased their gifts and donors who gave for the first time made this success possible.

Overall, new gifts and commitments, including annual fund support, amounted to $14.35 million. Endowment gifts and bequests for professorships, scholarships, and program support accounted for $6.97 million of the total. Cash received on previous pledges plus new cash gifts totaled $11.37 million. The market value of our endowment increased to $161.76 million. As always, we are thankful for the financial support received from alumni, friends, corporations, and foundations. We are especially grateful to our alumni volunteers and development colleagues across the university, who helped Johnson exceed this year’s overall campaign goal by 10 percent.