In recognition of the increasing profile of, and support for, our university, the University Council has decided to establish a Development Office which will be charged with developing and implementing fundraising strategies.
Philanthropy and fundraising have always been a crucial component of the long-term strategy of American universities, and are becoming more and more so for their Australian counterparts.
According to the Giving Australia: Research on Philanthropy in Australia report in 2005, Australian generosity has been rising by about 12.5 per cent a year. However, only 6.6 per cent of total individual donations were made to education (and most of that to private schools) in 2004, compared with 15.1 per cent in 1997.
In Australia, donations are estimated to account for about 1.5 per cent of university income, compared with about 5 per cent in the United States.
However, there are predictions of a growing culture of philanthropy towards universities nationally and the establishment of a Development Office is an important step towards maintaining Bond University’s position as a leading Australian university.
Whilst details are still being finalised, I hope that we will be able to announce one of the first of many endowments by members of the Alumni and Bond University community in the near future.
Professor Robert Stable
Vice-Chancellor and President