The home of the UConn Foundation on the Storrs campus.
Screen Shot 2015-09-29 at 12.05.36 PM

The University of Connecticut spends $7 million each year supporting its foundation; and in return that fundraising arm doles out about $40 million a year on things like student scholarships or sports complex construction.

It’s a give-and-take that has existed for years — though UConn officials are now counting on a better return as the school’s budget swells by about $42 million each year.

Josh Newtown of the UConn Foundation
UConn Foundation President Joshua Newton

“There is no bright future for UConn without tremendous growth in philanthropic giving and in our endowment,” UConn President Susan Herbst told her governing board Thursday.

The foundation has begun seeing growth in giving over the last two years, with nearly $77.9 million in new pledges in the fiscal year that just ended.

Likewise, UConn’s endowment has also grown to $383.8 million — an 11 percent increase over the previous year — as donations increased and the financial markets improved nationwide.

However, for all this growth, the amount of funding the UConn Foundation disburses to benefit the university has not yet budged. Its national ranking for the size of its endowment remains in the low 200’s.

“We have some work to do,” said Joshua Newton, the president of the UConn Foundation.

Here are several charts that show the fiscal and performance history of the foundation

Jacqueline was CT Mirror’s Education and Housing Reporter, and an original member of the CT Mirror staff, joining shortly before our January 2010 launch. Her awards include the best-of-show Theodore A. Driscoll Investigative Award from the Connecticut Society of Professional Journalists in 2019 for reporting on inadequate inmate health care, first-place for investigative reporting from the New England Newspaper and Press Association in 2020 for reporting on housing segregation, and two first-place awards from the National Education Writers Association in 2012. She was selected for a prestigious, year-long Propublica Local Reporting Network grant in 2019, exploring a range of affordable and low-income housing issues. Before joining CT Mirror, Jacqueline was a reporter, online editor and website developer for The Washington Post Co.’s Maryland newspaper chains. Jacqueline received an undergraduate degree in journalism from Bowling Green State University and a master’s in public policy from Trinity College.

Leave a comment