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University of Wyoming

Giving to the School of Pharmacy

Dean David W. O’Day Endowment Campaign

In April, at the Annual Honors and Awards Banquet, we announced the beginning of the Dean David W. O’Day Endowment Campaign. This past academic year (2006–07) marked the 60th anniversary of the entry of the first class into the University of Wyoming School of Pharmacy, begun by Dean David W. O’Day.

The UW School of Pharmacy is strongly supported by the state of Wyoming and the university. Basic operations are sufficiently covered, but nearly 90 percent of our budget is expended for faculty and staff salaries. Excellence, though, is established through gifts from individuals, foundations, and corporations. Gift dollars are used for students to support scholarships for tuition, assist with attending national meetings, and materials and equipment for student and faculty special projects. Our alumni and friends of the school have been key contributors to our current student and faculty projects; they are always willing to lend a hand. Students and faculty recognize this support and are very appreciative of these gifts.

Gifts of $50,000 Or More - University of Wyoming Endowment Challenge

The state of Wyoming also recognizes that endowments are vital to UW’s future because they generate a dependable, predictable stream of income in perpetuity. As a result, the University of Wyoming Endowment Challenge has been created to match, dollar for dollar, gifts of $50,000 or more from a single donor that are designated for a UW endowment. To take advantage of this opportunity, the UW School of Pharmacy has established a goal to raise $1.5 million by graduation of the 60th class in May 2010. Matching these gifts will result in a $3 million endowment for the school. This endowment would never be expended and would produce approximately $142,500 in income each year based on current endowment yields.

I am pleased to announce at this time the UW Foundation has received approximately $760,000 of the $3 million in endowed gifts and state match for the School of Pharmacy. An individual, company, or recognized organization that desires to make a gift of $50,000 or greater may do so and it will be matched by the state and be included in the totals for the O’Day Campaign. If a donor desires to make gifts over a series of years, a pledge can be spread up to a five-year period. Gifts will be accepted in the form of cash, equities, or property that has grown in value, or if the individual is 70 and a 1/2 years of age, he or she may elect to transfer assets from an IRA to a charitable institution and avoid undesirable tax effects.

If you plan to make this kind of gift, please contact the dean of the School of Pharmacy or the UW Foundation for assistance.

John Vandel, Dean
UW School of Pharmacy
Dept. 3375, 1000 E. University Avenue
Laramie, WY 82071
Phone: (307) 766-6120

UW Foundation
1200 E. Ivinson Avenue
Laramie, WY 82070-4159

Toll-free phone: (888) 831-7795
Phone: (307) 766-6300
To give online: www.uwyo.edu/giveonline

Gifts Less Than $50,000-WPhA-O'Day Endowment Gifts

Anyone who desires to make a gift of less than $50,000 to the O’Day Endowment and have it matched by the state can do so by sending the gift to the Wyoming Pharmacist Association (WPhA). WPhA has a 501(c)(3) foundation that can receive and distribute the funds so as to qualify for the matching funds. WPhA has signed a $50,000 pledge with the UW Foundation, which is to be completed within five years. All funds going to the pledge and funds exceeding this pledge are eligible for the state matching program provided there are funds remaining in the state matching account.

To make a gift in this manner, you would send the gift to the Wyoming Pharmacist Association (WPhA) and designate it “WPhA–O’Day Endowment” on your check or other manner of gifting. The WPhA will include these gifts with their annual giving to the UW Foundation. Your gift will be matched when the total gifting by WPhA reaches the $50,000.

WPhA–O’Day Endowment gifts can be sent to:

Kara Beech, B.S., C.H.C.
Executive Director
Wyoming Pharmacy Association
P.O. Box 228
Byron, WY 82412
Phone: (307) 272-3361

The school will keep an accounting of the gifts received and sent to the UW Foundation, and letters of recognition and appreciation will be sent to the donors. An “Honor Board” will be mounted in the School of Pharmacy with the names of all the donors attached.

I urge you to continue your usual gifting for scholarships and other areas of support in addition to your O’Day Endowment gift. You may now give to the School of Pharmacy directly via the Web by going to the University of Wyoming Foundation. Again, please be sure to note the program you want supported by your gift. Thank you!

Most schools or colleges of pharmacy have endowments that enhance their budgets and assist in creating a school of excellence. Many endowments are much larger than what we are attempting to create for the UW School of Pharmacy. I look forward to our alumni and friends of the school assisting us in making this goal of $1.5 million dollars, which will be matched, making a total endowment of $3 million.

I thank you for your consideration of this worthwhile endeavor.

John H. Vandel, Dean