Science Market Update

WSU Surpasses $1B funding Goal for FY 2015

Posted by Robert Larkin on Mon, Sep 21, 2015

wsupullmanWashington State University recently announced that it has surpassed its $1 billion fundraising goal, making 2015 its highest funded fiscal year to date.

In a university press release, Washington State University Interim President Dan Bernardo said, “The effort has taught us all to recognize this is really just the beginning for where private support for WSU’s students, faculty, research and programs can change the world in very tangible, lasting ways. Thanks to this remarkable investment, we have an opportunity—a responsibility—to take this university to new heights.”

To date, The Campaign for Washington State University: Because the World Needs Big Ideas has raised $1,065,091,919 in total private support, including:

  • $331 million from alumni
  • $195 million from students, parents, faculty, staff and other non-alumni
  • $380 million from granting agencies
  • $96 million from corporations
  • $158 million from foundations and other organizations.
  • Over $50 million from Paul G. Allen and the Bill and Melinda Gates Foundation
  • $32 million from Washington’s tree fruit industry

Specific programs intended to benefit from the campaign include:

  • Student scholarships and graduate fellowships -- $338 million
  • Endowment funds to support WSU’s students, faculty, research and programs -- $171 million
  • Campus development and construction initiatives -- $54 million

wsu_pullman_new_greenhouseWSU Regent Scott Carson said, “This is a historic time for Washington State University,” said Carson. “Meeting our campaign goal in the midst of WSU’s 125th year is a remarkable accomplishment and a direct testament to the overwhelming support from our loyal donors. So many people have invested in the success of this campaign and this great university. We cannot thank them enough.”

Carson acknowledged the efforts of WSU President Elson S. Floyd, who died from cancer on June 20. “Perhaps most influential in the success of this effort was the vision of President Floyd, whose dynamic leadership propelled this university to achieve so much in the eight short years he was at the helm,” Carson said. “Thanks to him, this campaign never lost momentum. It is among the many remarkable legacies he leaves with this university and the state it serves.”

“The impact of this campaign will be felt for generations,” said John Gardner, vice president of University Advancement and CEO of the WSU Foundation. “Raising $1 billion is a significant achievement. It has put WSU into an elite group of higher education institutions, and we’ve only just begun.” 

“The size, scope and impact of this campaign is bigger than any one donor or any one gift,” said Carson. “It is about powering the big ideas that transform lives—the lives of our students, the citizens of our state, and the countless beneficiaries of WSU’s remarkable teaching, research and outreach around the globe.”

new_wsu_bioscience_research_buildingIn addition to this monumental funding campaign, researchers at Washington State University are among the most highly funded and active in the state across a host of other life science disciplines.

As a leading research university, WSU is highly subsidized with federal, state and private grants to fund important research.

Recent funding statistics from Washington State University: 

  • WSU spent $341.1 million on R&D expenditures in 2013
  • WSU is ranked 11th nationally for R&D expenditures in agricultural sciences
  • WSU received $20.3 million in National Institutes of Health funding in 2014
  • $52.9 million funding is being awarded through the 2013-15 Capital Budget Proposed Substitute House Bill 1089 for the Clean Technology Laboratory at Washington State University.

With hundreds of ongoing research projects receiving million of dollars in grants and private funding, it’s not surprising that Washington State University is considered the premier marketplace for lab supplies and biotechnology in the State of Washington.

12_WSUActive scientists and researchers from WSU will be looking for new biotech, lab equipment and supplies this year, and they will be looking for them at the 16th Annual BioResearch Product Faire™ Event at Washington State University on October 14, 2015.

This annual event is hosted by Biotechnology Calendar, Inc. and is the most popular gathering of researchers and lab suppliers in the area. Last year, the BioResearch Product Faire™ Event at Washington State University attracted 230 attendees, including 28 purchasing agents, professors and post docs, and 27 lab managers from 23 different research buildings and 30 on-campus departments.

For more information about attending this free event as a researcher, or to promote your products in this lucrative marketplace, click the appropriate link below:

Exhibitors   Researchers

Tags: Washington, WA, WSU, Washington State University, 2015, Research Funding, Northwest Region, new grant, Pullman, new endowed faculty, new building expansion, New Life Science Funding, BioResearch Product Faire™, fundraising

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