Annual Fund Exceeds Goal

July 18, 2012

Cooper Union Stock Photo

Giving to the Annual Fund rose 41 percent for the fiscal year ending June 30, 2012.  “At $3.1 million, we have exceeded the $2.5 million goal,” announced Derek Wittner, Vice President for Alumni Affairs and Development.  The Cooper Union received a total $9.7 million in fiscal 2012, including the Annual Fund gifts.

“We are truly fostering a culture of philanthropy, and we are grateful to the alumni, parents, students and friends who have given so generously,” said President Jamshed Bharucha. “I particularly want to thank the Development team, including our new Annual Fund Director Joseph McDonald, as well as the Board of Trustees and volunteers, on their success in increasing participation so significantly.”

The alumni participation rate rose 3 points to 25 percent, an increase of 15 percent over the previous year, generating $2.2 million of the $3.1 million total.

The parent participation rate rose 7 points to 36 percent, an increase of 24 percent over the previous year, generating $360,000.

The student participation rate was 69 percent with more than 90 percent of the senior class taking part.  Dollars were up dramatically by 360 percent to $25,600.

Read the President's Memo here.

  • Founded by inventor, industrialist and philanthropist Peter Cooper in 1859, The Cooper Union for the Advancement of Science and Art offers education in art, architecture and engineering, as well as courses in the humanities and social sciences.

  • “My feelings, my desires, my hopes, embrace humanity throughout the world,” Peter Cooper proclaimed in a speech in 1853. He looked forward to a time when, “knowledge shall cover the earth as waters cover the great deep.”

  • From its beginnings, Cooper Union was a unique institution, dedicated to founder Peter Cooper's proposition that education is the key not only to personal prosperity but to civic virtue and harmony.

  • Peter Cooper wanted his graduates to acquire the technical mastery and entrepreneurial skills, enrich their intellects and spark their creativity, and develop a sense of social justice that would translate into action.