From: Administrative E-Memo (memofrom@Colorado.EDU)
Date: Thu Aug 07 2008 - 16:29:29 MDT
Date: Thu, 7 Aug 2008 16:29:29 -0600 (MDT) From: Administrative E-Memo <memofrom@Colorado.EDU> Subject: CU to Release Systemwide 2007-08 Research Funding
TO: All Boulder Faculty and Staff
FROM: Office of the President
SENDER: Office of the President
SUBJECT: CU to Release Systemwide 2007-08 Research Funding
August 7, 2008
Dear Faculty and Staff,
We have more good news to report to you on the heels of our announcement
last week that we set a record for private fundraising ($162.5 million). CU
will release its systemwide 2007-08 research funding total today, which is
also a record, $661 million.
Congratulations to everyone who made this possible, particularly our
faculty, who continue to discover and innovate in a variety of areas key to
our state and nation, including health care, biomedicine,
renewable/sustainable energy, geosciences and aerospace engineering. You can
see a complete news release under the news section at www.cu.edu.
Our successes in fundraising and sponsored research lead the casual observer
to conclude that CU is funded rather well. Those of us watching closely know
that is not the case. Fundraising and sponsored research are only two of our
key funding streams (and are earmarked for specific areas); the others are
state funding and tuition.
In those areas, the news is not as good. Colorado is 48th in the nation in
state funding per resident student, according to the State Higher Education
Executive Officers, a national higher education policy institute. As you may
know, provisions in the Colorado Constitution for funding mandatory programs
(Medicaid, prisons, K-12, etc.) do not leave adequate dollars for higher
education. Additionally, our tuition is below peer averages (except at UCCS,
which is slightly above).
We are working hard to find ways to appropriately increase the funding for
our operating costs. We are also working to make the public more aware of
the value of higher education, an endeavor in which each of us has a role.
When we release good news such as our fundraising and research records, we
are careful to add the cautionary note that these funds are targeted at
select areas, and that we are significantly underfunded in operating money.
I will keep you apprised of our progress throughout the academic year. For
now, thank you for all you do to make CU a great university and
congratulations to faculty who make us one of the nation's top research
Bruce D. Benson
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