YOUNGSTOWN, Ohio (WYTV) – Youngstown State University has had one of the best fiscal years on record when it comes to donations. The school received four $1 million donations since May, when Jim Tressel became president of the university.
YSU received yet another major donation of $1 million on Wednesday. This latest gift is for the College of Liberal Arts and Social Sciences from the estate of the late David and Helga Ives.
“It’s going to help us grow, attract students, help our facility grow. It’s going to be one of these far-ranging things. This is an exciting day for us,” Tressel said.
The gift establishes the David and Helga Ives Distinguished Visiting Humanities Scholar at YSU, which will expand scholarships, bring humanities scholars to campus, contribute to YSU’s English Fest and add 5,000 books to the school’s library.
David was a humanities professor at YSU. He was also a lieutenant colonel for the Air Force during World War II, so the flagpole at the YSU Veterans Resources Center on Wick Avenue will also be named in his honor.
Other donations include one in May for the new Student Success Center, and another 12 days after that for scholarship endowments and student campus jobs. Just in the beginning of June, the university received another gift to build a multimedia center at Stambaugh Stadium.
“We’re definitely seeing more. This has been the best year as far as generating philanthropic revenue in the history of Youngstown State University,” said YSU Foundation President Paul McFadden.
McFadden says this is thanks to donors and alumni, but having a popular and beloved president helps as well.
“President Tressel certainly has been a big part of it.”
For 2016, with just three days left in the fiscal year, that number has reached $20,539,268 so far.
In 2013, total funds raised was about $7.4 million. For fiscal year 2014, funds went down a million dollars from the year before, finishing at $6.2 million. There was a big increase in 2015, with $13 million raised.
“There are five public universities in northeast Ohio. By far, the place that has the largest endowment is Youngstown State University and we’re not the largest school. In fact, we’re one of the smaller schools,” Tressel said.
He says when it comes to donations, YSU is viewed as a leader in the community, not only as a major employer for the Valley, but also for providing students with a quality education.
YSU will be receiving another significant grant on Thursday from the National Endowment for the Arts.