AUGUST 2015
Investing in people and ideas to engineer a vibrant global future.
giving.mines.edu
MESSAGE FROM CSM FOUNDATION LEADERSHIP
Thanks to the support of our valued donors and corporate partners, we have raised $286.6 million in private support for Mines and are closing in on our $350 million goal. As the faculty, staff and students of Mines continue to aim higher and build on the excellence of our university, the foundation strives to keep raising the bar in support of their work; and you are our partner in making that happen. We are extremely grateful for the 7,586 donors who have made such an incredible difference. Every additional gift helps Mines accomplish its goals. As we continue to work to fund the present and secure the future of Colorado School of Mines, we cannot help but look to our past. President Bill Scoggins has been a tireless supporter of the foundation over the last nine years, and we thank him for his significant contributions to our efforts. At the same time, we eagerly look forward to the future and to commencing our work with President Paul Johnson. Together, we will bring Transforming Lives: The Campaign for Colorado School of Mines to a successful close.
Everywhere we look on campus, we see the impact that people have on other people; and that’s what we’ll be focusing on building with the final campaign phase. Our faculty have the power to truly transform the lives of their students as they develop into the global engineering and applied science problem solvers of the future. We want to continue to attract the best talent and educators in the country to build tomorrow’s leaders. We thank you for helping us get to this point; and invite you to join us in finishing out this historic campaign.
David Wagner Chairman and CEO, CSM Foundation
Brian Winkelbauer President and COO, CSM Foundation
MESSAGE FROM MINES’ NEW PRESIDENT
I feel honored to have been appointed the 17th president of Colorado School of Mines and am excited to have the opportunity to be a part of this unique institution.
Your support ensures that the Mines legacy lives on and grows – through the talented students
I look forward to meeting and working with you to bring the Transforming Lives campaign started by President Scoggins to a strong finish. Its transformative impact on Mines is already visible and will continue to be felt long into the future. Thank you for your ongoing commitment and support!
TRANSFORMING LIVES
It was clear to me early on that the Mines community—in Golden and around the globe— is special. That is reflected in the way it is connected, the pride in Mines’ history and alumni, its aspirations for Mines in the future, and how it has stepped up and invested to enable Mines to achieve those aspirations.
and faculty that we need to attract and retain, the learning opportunities and experiences unique to Mines that we need to provide, and the fulfillment of our earth, energy, and environment-focused mission.
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Paul C. Johnson | President
Shooting star!
COST OF ATTENDANCE TRANSFORMING LIVES
UNDERGRADUATE EXPENSES 2015–2016
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Resident
Tuition: $15,225 | Fees: $2,128
Non-Resident
Tuition: $32,700 | Fees: $2,128
Arjumand Alvi | Mechanical Engineering, Class of 2016
Keep your eye on Arjumand Alvi—she’s likely to make news with her advancements in space exploration. “Mines is a world-class engineering school, and I’m so glad I came here,” she says. “I’ve learned so much and have learned to reason through seemingly impossible challenges. I also appreciate the endless research opportunities.” Alvi, a senior from Katy, Texas, knows all about those research opportunities because the lab where she works as a research assistant is funded by the generosity of donors. “I’m so thankful for the contributions of donors. The caliber of research and education that Mines is known for wouldn’t be possible without their support.”
She is studying mechanical engineering with minors in Humanitarian Engineering and International Political Economy, and she’s an aspiring astronaut. She is passionate about human-centered design and international space policy and cooperation. By 2020, she sees herself as a project manager leading a revolutionary aerospace design project. “I’ll have a master’s degree and I’ll be training daily to get into peak physical condition so I can start the astronaut application process,” she says. “I’m a huge space nerd. I love to inspire people to look to the stars and to dream big.”
WORLD-CLASS LEADERSHIP Answering the questions that shape our future
Colorado School of Mines’ premier policy institute has a new name: the Payne Institute for Earth Resources. The vision of Mines being a world-wide leader in earth resources public policy is moving closer toward actualization thanks to a $5 million investment by Jim and Arlene Payne. Originally established as the Earth Resources Institute in 2014, this new investment not only renames the entity, but provides the resources that will enable the Payne Institute to propel its growth and enhance Mines’ role as a global public policy leader in the areas of earth, energy and the environment. The Payne Institute will educate and inform policymakers and other stakeholders about pressing issues in these focus areas. Through research and policy analysis, the Payne Institute will foster collaborative partnerships with established research institutions, universities and government agencies around the world.
The gift will enable the Institute to hire a director to lead its ambitious agenda. Other initiatives include a Distinguished Lecture series, a topicsbased annual conference, a Visiting Scholars program, a comprehensive set of policy briefs, and collaborative research initiatives both within the university and with external research partners. “The Payne Institute provides Mines an institutional base from which to leverage a rich set of faculty resources across campus,” said Economics and Business Division Director Michael R. Walls, who is spearheading the effort and will house the institute in the E&B Division. Jim Payne retired as the CEO and Chairman of Shona Energy Company in 2013, and was previously the chief executive of several companies including Nuevo Energy Company, Santa Fe Snyder Corporation and Santa Fe Energy after a career with Chevron Oil. He and his wife, Arlene, split their time between Pagosa Springs, Colo., and Fredericksburg, Texas.
TRANSFORMING LIVES
“My vision is to leverage the Institute’s first-class academic research and have it serve as the go-to resource for those engaged in public policy discourse on some of the challenges shaping our future,” said Jim Payne, who earned his professional engineering degree in geophysics from Mines in 1959.
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Brother and sister act
Michael Midyett | Class of 2013
TRANSFORMING LIVES
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•
Blakelee Midyett | Class of 2010
Growing up in Golden, it was a given that the sister-brother duo of Blakelee ’10 and Michael ’13 Midyett knew about Mines—they could see it from their back porch. “I never thought of myself as the engineering type,” Blakelee says. “My family knew Mines was the place for my younger brother, Michael—he was methodical and paid attention to details. He fit the engineering mold. Me? Not so much.”
“I was recruited to play basketball at Mines, and I began to realize there was much more to the school,” Blakelee says. “What really sold me was the pride students, faculty and staff all shared. They were proud of the school, and I am, too.”
Michael’s path to Mines was more certain. “I knew since the sixth grade I wanted to go to Mines,” he says. He graduated in 2013 with a bachelor’s degree in civil and environmental engineering. He admits he didn’t quite grasp how prestigious Mines was until he graduated, moved to Houston for a job (he’s a consultant at Wipro Technologies, an IT firm) and heard from clients and coworkers. “I name drop my alma mater and instantly gain more respect,” Michael says. “I know my degree will provide me with great connections and opportunities for the rest of my life. I’m excited to see what develops.” Both Blakelee and Michael received scholarships and are grateful for the help. “I feel happy to be in a position to generously give back to the school that I am so proud to name-drop,” Michael says with a grin. And Blakelee adds, “Had I not received outside support, I wouldn’t have been able to focus solely on earning my degree. I give to Mines because the school has given me so much personally and professionally.”
TRANSFORMING LIVES
Nevertheless, she gave it a shot and it turned out to be a life-changing decision—for the better.
Blakelee earned a bachelor’s of science in mathematics and computer science at Mines in 2010. She felt fortunate to get an internship at Golden Software, a mapping and graphing solutions company, and it’s where she works today as the CEO. “Mines helped me land a career I love. Work is truly my play. My biggest passion in life is the sense of accomplishment I get after completing a project.”
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BY THE NUMBERS
CAMPAIGN GOAL:
$350 MILLION TRANSFORMING LIVES
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INCLUDING $220M & in private philanthropic donations
$130M
in industrial research funding
$286.6 MILLION RAISED AS OF 6/30/2015 including $184.4 M in gifts & $102.2 M in industrial research
493 Corporate and Foundation Donors in addition to our alumni, friends and other organizations, are making an impact and transforming lives.
7,657 TOTAL DONORS
2,649 New Donors 4,846 ALUMNI
DONORS
$273 MILLION
ENDOWMENT
U.S. STATES REPRESENTED BY DONORS: 50 | NUMBER OF COUNTRIES: 27
Mining insight
TRANSFORMING LIVES
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Fred Banfield | Engineering Class of 1964
Those who know Fred Banfield ’64 eventually all end up saying the same thing about him in one way or another: that he’s always ahead of the mining industry— working on solutions long before problems even arise. That’s an undeniable truth. One example is when he walked the halls of Mines as a mining engineering student in the 1960s—when computers were only a seed for mining engineering education. Yet, he saw the revolutionizing potential—how computers could evaluate, design and even operate mines. His vision was spot-on and he proceeded to pioneer the mining software industry. In 1970, he founded what would become MineSight, a company that prevents problems and improves mine productivity around the globe. So it makes sense that Banfield would give money to his beloved alma mater. He also sees the transformative potential of education.
He’s been giving to Mines for more than 30 years, and recently he gave $2.5 million to establish the Fred Banfield Distinguished Chair in Mining Engineering Endowment and $200,000 to support the Mintec Computer Lab for the Mining Engineering Department. “Mining projects are becoming more complex, so it’s more important than ever that young professionals entering this new age of mining understand the science behind the technology so they can audit their results,” he says. “My contributions are intended to assist Mines in graduating engineers who will provide real solutions in the mining industry.” In an ever-changing industry, and after all these years, Banfield continues to embody the qualities that have both sustained and enriched the mining industry: passion, leadership and results. And we would like to add one more quality— selfless philanthropy.
Scholar appreciation
STUDENT ASSISTANCE TRANSFORMING LIVES
80% 60% 36%
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Percentage of Mines students who receive some form of financial assistance. Percentage of Mines students who receive scholarships. Percentage of Mines students who receive scholarships directly from The Mines Fund.
Amount raised for financial aid: Number of scholarship funds:
$59M
219
Jake Warnke | Biochemistry, Class of 2016
Jake Warnke doesn’t mince words when asked about the important role scholarships play in his life at Mines. “I wouldn’t be able to attend school without them,” he says. Warnke, a junior biochemistry major from Sheridan, Wyoming, depends on four gifts: the Labriola Scholarship, the Anton Pegis Scholarship, the Wyoming Scholarship Fund and the Al and Margaret Harding Scholarship. “I thank these donors for helping me attend college and achieve my goals in life,” he says.
His passion is pharmaceutical sciences—drug design and action. “I want to understand, on a molecular level, exactly how drugs influence a living system. And then I’d like to take that knowledge and apply it to the design and development of new drugs.” In five years, he says he sees himself with a PhD and ready to dive into his research. “Attending Mines is challenging and demanding,” Warnke says. “but, I wouldn’t want to be anywhere else. I know my hard work—and my Mines education— will pay off.”
FREEPORT-MCMORAN FOUNDATION GIFT
It’s a gift that goes right to the historical heart of Mines —$1 million to renovate Edgar Mine, the university’s experimental mine in Idaho Springs, Colorado. The investment from the Freeport-McMoRan Foundation certainly demonstrates generous philanthropy. But far beyond that, it’s a shining example of practical leadership that understands the true importance of investing in our future.
It’s a contribution that will yield a strengthened earth sciences education, innovation in mining, modernized safety and rescue operations, and updated experiential learning for generations to come.
These are leaders who get it. Leaders who know that an investment in Mines is an investment in a future that pays immeasurable dividends. The Freeport-McMoRan Foundation knows the business of giving—it’s been doing it for more than 60 years. And it doesn’t just give to any organization— only those that have proven they’re worthy. The Edgar Mine is certainly worthy. With more than 800 students enrolled in earth sciences disciplines at Mines, the mine is the school’s unique, state-ofthe-art underground lab for hands-on learning. The university awards 20 percent of mining engineering degrees in the U.S. each year, and the Edgar Mine continues to draw student interest in the field. What’s more, mine safety and rescue training at the mine are in high demand—nearly 700 organizations have trained there. The Edgar Mine is indeed a fitting showcase of the 21st century mining industry, just as the FreeportMcMoRan Foundation is a fitting showcase for investment.
TRANSFORMING LIVES
“We are extremely proud to be able to support the school’s Edgar Mine and its function as a focal point for community outreach to help increase public awareness of our industry,” says Mike Kendrick ’84, president of Climax Molybdenum Company, a Freeport-McMoRan company.
And Red Conger ’77, president of Freeport-McMoRan Americas, says the gift represents a commitment to the “highest quality mining education that gives students the best opportunities to apply knowledge, think critically and innovate before they ever enter the workplace.”
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Freeport-McMoRan Foundation | Edgar Mine Renovation
2015: ANOTHER YEAR FOR THE RECORD BOOKS
MINES PULLS RANK Colorado School of Mines continues to be highly ranked among peer institutions. Recent rankings include:
The last three fiscal years have been the most successful fundraising years in the history of the university. The investments in Mines have reached an unprecedented level, and continue to elevate Mines’ stock for the future.
Number of Endowed Student Scholarships or Fellowships
Colleges and Schools in the U.S.”
#1 in USA Today’s “25 Colleges
604,580 9,025
Where Graduates Make the Highest Starting Salaries”
#6 in Business Insider’s “The 104 Smartest
GIFTS UNDER $100
Public Colleges in America”
#23 in Business Insider’s “The 50 Most
$33
“Top Public University in Colorado”
#1 in Mining Global’s “Top 10 Mining
➢
DOLLARS RAISED FROM
Best Value Colleges”
#1 in The Business Journal’s
0
331
#1 in PayScale’s “College ROI Report:
Underrated Colleges in America”
MILLION
AMOUNT COMMITTED BY DONORS
TRANSFORMING LIVES
FOR THESE STUDENT FUNDS
$273
MILLION THE MINES ENDOWMENT
$45M
Total investment in buildings, facility and capital
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Notable Gifts | From 2014-2015 (through June 30, 2015):
We are grateful to have had several campaign investments of more than $1 million since our last campaign update, released in November, 2014. Apache Corporation made a $2 million commitment to provide support for students, equipment and facilities in petroleum engineering, geology and geological engineering, and geophysics. Fred Banfield ’64 gave $2.5 million to establish the Distinguished Endowed Chair in Mining and $100,000 to support the mining department computer lab. Foundation CMG pledged $1.375 million for continued support of the CMG/CSM Reservoir Modeling Research Chair in Petroleum Engineering.
The Freeport-McMoRan Foundation made a $1 million gift to support extensive renovations and upgrades to the Edgar Mine, the university’s experimental mine facility located in Idaho Springs, Colorado. Fred and Barbara Holmes made a gift of $1 million to name the PVT Research and Fluid Characterization Laboratory in Marquez Hall. Howard E. ’76 ’77 and Cherine Janzen pledged $1 million in support of a challenge during the final phase of the Transforming Lives Campaign. F. Steven ’56 and Gayle S. Mooney added $1.775 million to their Endowed Scholarship Fund through the Galena Foundation. Jim ‘59 and Arlene Payne made a $5 million gift to rename the Payne Institute for Earth Resources and bolster its growth. Two recent gifts of real estate from individuals provided more than $2 million in scholarship funds for undergraduate students at Mines.
Double dedication
TRANSFORMING LIVES
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Christian and Oliver Liebig | Chemical Engineering, Class of 2017
“You can wish for world peace your entire life, but if you don’t put yourself out there to make actual changes, nothing is going to get done. That’s why we came to Mines. When we graduate, it’s going to open up a lot of opportunities for us to help other people,” said Christian Liebig. He and his twin brother Oliver exemplify the true spirit of the Mines student – hardworking, solutions-driven, intelligent and dedicated. Both of them are doing whatever it takes to graduate from Mines, including working several jobs to support each other. The student experience for the Liebigs and that of every student on campus is enriched by The Mines Fund. One hundred percent of gifts given to The Mines Fund go directly to support the success of students though scholarships, labs and technology, student shared space, campus life and advising and tutoring. Mines has seen its alumni support grow over the last few years to provide the institution with $2.2 million in student-focused support through The Mines Fund. “Growing up, we had a lot of help, and that’s the only reason we’re here,” says Christian. Thank you to all of the donors to The Mines Fund for your generous support.
Colorado School of Mines graduates make an average
starting salary
of $66,400 — the highest in the nation according to data from PayScale.
Funded chairs yield prestige
TRANSFORMING LIVES
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NAMED FACULTY POSITIONS
INITIAL $2 AVERAGE FUNDING OF
MILLION FACULTY POSITIONS
Mark Jensen | Grandey University Chair
One of Mines’ newest named faculty is Mark Jensen, who joined the Chemistry and Geochemistry Department in January 2015 as the Grandey University Chair in Nuclear Science and Engineering. His research interests are focused on the nuclear fuel cycle. Prior, he was a scientist at Argonne National Laboratory for 20 years. The Jerry and Tina Grandey University Chair in Nuclear Science and Engineering was established in 2012 by 1968 Mines alumnus and longtime supporter Jerry Grandey and his wife, Tina. The chair honors the couple’s longstanding partnership with Colorado
School of Mines and their significant contributions to the nuclear energy industry. A university chair represents the highest level of distinction that may be held by a faculty member at Mines. It is used to attract and recognize elite scholars who lead the university’s pioneering cross-disciplinary academic and research activities. Grandey chair holders are of the highest caliber and are integrally involved with Mines’ nuclear science and engineeringrelated activities. Mines has established 29 named faculty positions, which can be started for approximately $2 million each.
MESSAGE FROM THE CAMPAIGN CO-CHAIRS
Thanks to the support of donors like you, the progress we’ve made during the Transforming Lives campaign has been incredible; and we thank you! It is a testament to Colorado School of Mines that more than 7,600 donors—alumni, friends and industry partners alike—have chosen to invest in this university’s future through philanthropic gifts and commitments. The dedication of President Scoggins has been critical to Mines’ success. Under his leadership, the university’s achievements included:
We are proud to be co-chairs of this initiative, which is aptly named because it does indeed transform lives. Students’ lives are transformed through private scholarships and fellowships that bring a Mines education into reach for the most qualified candidates from a breadth of backgrounds. Faculty members’ lives are transformed through endowed professorships and excellence funds that bridge the gap between day-to-day operating budgets and robust teaching, research and service offerings.
• Sponsored
As a valued member of the Mines community of support, your investment in the university has helped to positively impact the world. We thank you for your continued contributions toward building a vibrant global future.
research volume has nearly doubled, and Mines faculty members are spearheading multiple national research centers.
• Philanthropic
donations have broken records over the last three years, and the Mines endowment now stands at $273 million—nearly doubling the endowment in the past five years.
• More
than $45 million dollars have been invested in new buildings, facilities, and other capital improvements; transforming the campus’s physical infrastructure while ensuring the institution maintains a strong financial balance sheet.
Chuck Shultz ’61
Tim Haddon ’70
PO Box 4005 Golden, CO 80402-4005
NON-PROFIT ORGANIZATION U.S. POSTAGE P A I D DENVER CO PERMIT NO 152
giving.mines.edu
If you have not yet taken part in this ambitious endeavor to benefit Colorado School of Mines, please visit giving.mines.edu to learn how you can participate in Transforming Lives: The Campaign for Colorado School of Mines. Investing in people and ideas to engineer a vibrant global future.