Each year, the CSM Foundation provides approximately $12 million in private support for the university, one-third of which comprises funding made available through the Mines endowment. During fiscal year 2011, the endowment grew in total value from $166 million to $196 million. Over the last decade, $117.5 million in foundation support has been made available to the school, including more than $2 million annually in flexible funding raised through The Mines Fund and related initiatives.
In addition to cultivating private support for Mines among the university’s alumni, friends and corporate partners, the CSM Foundation provides resources for priority campus initiatives:
- $10.3 million in bond financing for construction of the GRL building
- $3 million loan to Mines for construction of the Student Recreation Center
- $2.2 million in private property purchases to foster campus growth
- $800,000 for classroom renovations in Berthoud Hall
- $350,000 to support Mines’ technology transfer initiative
- $200,000 toward Marquez Hall, in addition to $26.4 million raised for its construction
- $17 million in board-designated endowments to support professorships, programs and scholarships
Founded in 1928 as the official gift-receiving agency for Colorado School of Mines, the CSM Foundation was incorporated in 1951 and now holds and professionally manages the Mines endowment. Contributions to the Colorado School of Mines Foundation are tax-deductible as provided by the Internal Revenue Code.
The Colorado School of Mines Foundation promotes the university’s mission and enhances its continuing excellence by maximizing support from the private sector and prudently stewarding its resources and relationships. Learn more at giving.mines.edu.