The Wayne State Foundation
Wayne State College enjoys an extraordinary partnership with the Wayne State Foundation, which provides a wide array of support to the College’s priorities, including funding for capital improvement projects, scholarships, and administrative support. The Foundation has total assets of $24,359,653, with endowment net assets of $17,506,894, and has provided more than $15 million in financial support to the college during the past five years, with $8,073,000 going to scholarships and grants; $5,974,000 to renovation projects; and $1,104,000 to academic and institutional support.
The Centennial Campaign, the largest in the history of the Foundation, was a six-year comprehensive campaign that ended in September 2010. The initial fundraising goal of $20 million was exceeded by more than $1 million and campaign initiatives, including the Carhart Science Building Renovation, the Commons, Greatest Needs Fund, Annual and Endowed Scholarships, and other restricted gifts, were accomplished with the support of many Wayne State alumni and friends.
The Wayne State Foundation was created in 1961 thanks to the persistent vision of community leaders Henry Ley, Adon Jeffrey, Ken Olds and former Nebraska governor, alumnus and Ambassador Val Peterson, who served as the Foundation’s first director. While the Foundation’s distributions to campus activities were modest during its early years, it rapidly grew to become an important aspect of the overall operation of Wayne State.
The Foundation continues to reach the college’s graduates and engender a sense of appreciation for the outstanding education they received at the college. That gratitude often translates into gifts that further the mission of the college. The Foundation also plays a pivotal role in ensuring that students have access to the resources they need to afford college. The President plays an important role in fundraising and travels with Foundation representatives to meet with alumni and friends around the country.