The Johns Hopkins University
Financial Report 1996

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Development

Private giving to Johns Hopkins set a new record in 1996, up one-third from the previous year. Gifts received from private sources totaled $126 million, 13% higher than the previous record of $112 million, set in fiscal 1990.

Gifts from alumni, friends, corporations, and foundations provided critical support for the goals of The Johns Hopkins Initiative, a $900 million comprehensive campaign for the University and Johns Hopkins Medicine. More than $55 million, 44% of the total given in 1996, supported endowment and capital projects--the primary focus of the campaign.

In order to maintain its competitive position among international research universities, Hopkins is seeking to significantly increase its endowment. In 1996, more than $38 million was given for endowed funds to support professorships, scholarships and fellowships, and programs throughout the University.

Private gifts also provided momentum for new and upgraded facilities, including support for an addition to the School of Hygiene and Public Health building; renovations to facilities of the Eisenhower Library, the Peabody Conservatory, and the Whiting School of Engineering; the new School of Nursing building; a planned Student Arts Center and expanded athletic facilities on the Homewood campus; and the Cancer Buildings Initiative at Johns Hopkins Medicine.

The magnificent $55 million pledge of Michael R. Bloomberg set the pace for a record-breaking year for campaign commitments. At the close of the fiscal year, The Johns Hopkins Initiative had achieved 66% of the $900 million goal, with total commitments of $597 million. Zanvyl Krieger's earlier $50 million challenge gift attracted $11 million in new commitments to the Krieger School of Arts and Sciences' endowment during 1996, bringing this challenge fund to a total of $91 million.

Mr. Bloomberg provided successful initial leadership as chair of the campaign, with trustees R. Champlin Sheridan and Lenox D. Baker, Jr., picking up the leadership in midyear. Champ and Debbie Sheridan's earlier pledge of $20 million to the Eisenhower Library, including a $5 million challenge, attracted nearly $2 million in matching commitments in 1996. After the close of the fiscal year, Lenox and Frances Watt Baker announced their commitment to establish a $10 million endowment for the deanship at the School of Medicine.

Of the $126 million total received in fiscal 1996, gifts from individuals accounted for $54 million. Fiscal year 1996 saw a dramatic rise in giving by foundations, from $25 million to $44 million. Hopkins continues to receive support from a broad mix of local, national, and international foundations, but it is noteworthy that two of the top four gifts in 1996 were from Baltimore-area foundations. Corporate gifts increased by 17%. There was a mix of new support and more and larger gifts from long-standing friends of Johns Hopkins, particularly major pharmaceutical firms.

Annual giving accounted for nearly $4.4 million in 1996. There was a record enrollment of 1,630 members in The Johns Hopkins Associates, each of whom made a gift of $2,000 or more. Members of this group, who reside in 45 states and 21 countries, gave a total of $30 million, nearly one-quarter of the total received in 1996. The President's Club, comprised of individuals who gave unrestricted gifts of $10,000 or more, numbered 242 members.

The impressive progress in 1996, in both gifts-in-hand and campaign commitments, reflects the generosity of alumni, friends, corporations, foundations, and organizations making gifts at every level. Gifts received during 1996 directly benefited teaching, research, student life, and patient care. In addition, these gifts helped to increase the financial stability and provide the flexibility Hopkins needs to ensure continued excellence and innovation. Endowment gifts, a priority of The Johns Hopkins Initiative, will continue to benefit Hopkins in perpetuity.

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