Thank you for considering a gift to Webb Institute. Your gift is an investment in Webb students and provides the college with resources that ensure an exceptional engineering education free of tuition burden to our students. Find out about the numerous ways to give and make your investment in Webb today! Every dollar counts!
We are grateful to the generous support of the Webb family – alumni, parents, parents/grandparents of alumni, and friends alike. Here’s what a few of the donors had to say about their commitment to Webb.
Through the Campaign for Webb: America’s Most Unique College, Webb aims to raise $40 million to enhance the college’s programs, infrastructure, and financial resources to meet the growing challenges of an expanding marine industry.
Of the $40 million Campaign goal, $28 million will be raised to strengthen the endowment and ensure intergenerational sustainability of the full-tuition scholarship model, and $12 million will be earmarked for facilities improvement, headlined by the establishment of the Faculty & Research Center and an expansion of the on-campus residence halls. Learn more about the Campaign for Webb.
Webb Annual Reports
It’s time to celebrate another banner year for Webb fundraising. The Annual Fund exceeded its goal, over 73% of alumni contributed to our alma mater, we surpassed the Campaign for Webb goal of $40 million, and 35 new members joined the Heritage Society.
This performance is testament to the commitment of the wide range of individuals and organizations that support Webb: alumni, parents, parents of alumni, faculty and staff, friends of Webb, and corporations and foundations. Thanks to all!
Our assets increased by 9.5% in fiscal year 2017, and the endowment grew to over $66 million. Bolstered by an accommodating stock market and strong performance by our investment managers, Webb’s managed investments had an annualized return net of fees of 14.3% in fiscal year 2017, once again ranking Webb’s investment performance in the upper quartile of colleges and universities. The Board’s Investment Committee, led by trustees, John Couch (Hon.) and Alison Granger P’14, continues to do a great job stewarding Webb’s investments.
Total expenses in FY2017 were $7.11 million, slightly below total expenses incurred in FY2013. That’s zero inflation over the last four years! At the same time, we have made many enhancements on campus. In recent years, special emphasis has been placed on securing the structural and watertight integrity of buildings and renovating the public spaces on campus.
We are excited about the vibrancy and academic success of our student body. Student population stands at 98, a Webb record. This includes 20 women, tied for the largest number of female students (20 women attended Webb in 2008). Webb is firing on all cylinders. These are exciting times, as we interview for two faculty positions and plan for the Couch Family Academic Center and renovations to Stevenson Taylor Hall. I am most appreciative of the outstanding accomplishments of the Webb staff and faculty, who have performed yeoman’s work over the past year, and the work of the many volunteers, who stand at the forefront of our fundraising efforts.
One of our ongoing challenges – the draw rate on the endowment remains stubbornly high at 6.3%. Although down slightly from the prior year, we have much to do to reach our longer-term goal of 4.25%. As explained in the article on finances, although Webb is in sound financial condition, we will remain diligent in pursuing the target draw rate to ensure financial sustainability and our ability to provide full-tuition scholarships for generations to come.
A wonderful way you can contribute to the future of Webb is to join Peggy and me as Heritage Society members. Leaving a gift to Webb in your will, no matter what the size, builds upon the legacy established by William Webb over 125 years ago. Joining the Heritage Society is as simple as including a provision for Webb in your will and notifying the college or Heritage Society Chair, John Malone ’71. This type of gift can evolve along with changes in your life. Thank you for your generous support of Webb!
– R. Keith Michel, President
What is Webb Giving Day?
Webb Giving Day is a celebration of William H. Webb’s giving spirit and all members of the Webb family who have followed in his footsteps through their support. Through his extraordinary generosity, our founder redefined the concept of “paying it forward”. With the help of our student ambassadors – the ultimate beneficiaries of your gifts – this celebration helps promote success in Webb’s Annual Fund, the foundation of giving to Webb.
We invite alumni, trustees, parents, grandparents, parents of alumni, and friends to tune in during the month of May. You should expect to hear from our students; they are grateful for your support!
Webb’s fourth annual Giving Day is culminated by announcements on Friday, May 19, 2017, during Webb’s Homecoming week. On this day, we will announce progress toward our Annual Fund goals and deliver a special message from the students.
The generosity and commitment of Webb alumni is unrivalled.
Contributions totaled $2,092,942, exceeding last year’s amount by $205,000 (10.8%), and our 2016-17 goal by 20%. The average commitment of Webb alumni increased to $2,600 (up 13%). Participation was solid at 73.2% for alumni and 70.9% for members of the Alumni Association overall.
These phenomenal results have made a significant impact on the comprehensive Campaign for Webb, which is discussed in detail in a number of articles in the 2016-17 Annual Report. Eighty-one percent of alumni participated by making a contribution during the Campaign to date—this is clear evidence that we are capable of exceeding our participation goals of 75%. To accomplish this, we will need to convince a few more alumni to renew their generous commitments every year. Our alumni base is extraordinarily supportive, so I am confident we can reach new heights in WAF participation.
Why Give to the Webb Parent Annual Fund?
- Your child is the direct beneficiary of your support!
- The quality, depth and focus of the education that our children receive make Webb a special place.
- Webb is now the only private engineering college in the United States which provides every student with a full tuition scholarship.
- The cost to educate each Webbie is approximately $80,000 per year.
- While distributions from Webb’s endowment cover a significant percentage of costs, annual charitable contributions cover nearly one-fourth of our operating costs, reducing the draw on the endowment and enabling Webb to provide a quality education to each student.
- Parents’ strong commitment encourages alumni, corporations and foundations to invest in Webb.
Webb Institute is fortunate to have alumni and friends whose dedication to the institution has inspired them to leave a lasting legacy. There are members of the Heritage Society as young as members of the Class of 2018—so you see, it is never too early to consider Webb in your future plans.
The Heritage Society is made up of members who have made planned gifts of all types and sizes, and getting started can be as simple as making Webb a full or partial beneficiary of your 401(k), IRA or life insurance policy; or a bequest naming Webb in your will or living trust.
As Webb’s Planned Giving Chairman, my primary goal is to expand membership in the Heritage Society. Planned giving has made a remarkable impact on Webb’s present and future as over $20 million of estate pledges and realized commitments have been secured during the Campaign for Webb.
Please join me today and become the newest member of the Heritage Society.
Your membership involves no dues, but it does allow us to thank you and recognize you for the plans you have made, and it may inspire generosity in others. Finally, your membership ensures a special invitation to the Heritage Society reception and dinner held annually at the President’s House during Homecoming Week.
Learn more about planned giving and the various ways to support Webb.
For more information, contact Anthony R. Zic, Webb’s Director of Development at 516-759-2040 or email firstname.lastname@example.org.
The Webb Every Year Program (WebbEY) was established during the 2006-2007 Annual Fund Campaign. Initially, this program was created to acknowledge alumni donors for their consecutive years of giving. Eventually, it was extended to include other members within our community and now recognizes family and friends. The WebbEY program was created strictly to recognize our donors’ consistency of support, regardless of gift amount. In order to attain the status of becoming a WebbEY, a donor has to contribute to the Annual Fund for a minimum of five consecutive years. To show appreciation to our consecutive giving donors, Webb Institute now mails a pin to those in the five, 25 and 50-year consecutive giving categories. Consecutive giving allows Webb to plan for a future with assurance and to continue to be recognized as the premier college of naval architecture and marine engineering. We wish to thank the following contributors for their loyalty and generosity and for attaining the distinct honor of achieving WebbEY status.
Members of the Webb family can serve as excellent resources enhancing Webb’s educational experience. We are looking for alumni, friends, and industry experts to share their time and experience with our students.
There are a number of ways you can help:
- Host and mentor students at your company in support of Webb’s Winter Work program.
- Sign up to be a speaker in our weekly lecture series or serve as a guest lecturer in one of our courses.
- Sign up to be a mentor and evaluator for student design projects.
- Sign up to support and mentor senior thesis projects.
- Host a student visit, class field trip, or tour of your company.
In addition, you can help develop and improve Webb’s curriculum by:
- Participating in Webb’s Industry Advisor Group which works with the Dean to monitor the relevance and performance of Webb’s academic program.
- Introducing industry experts and decision makers to Webb.
The Admiralty Club Prism
The Admiralty Club
The Admiralty Club at Webb provides a program for corporations and foundations to contribute a minimum of $10,000 annually in support of Webb and allows members to demonstrate their commitment to the mission for Webb Institute through their support.
The Admiralty Club provides the opportunity for corporations and foundations to become part of this extraordinary educational experience. It also establishes a beneficial relationship among corporations and foundations with our Webb students and faculty.
Our Development Team is available to help and answer your questions.
Mr. Anthony Zic
Director of Development
Main: 516-671-2213 EXT. 1105
Mr. Joseph Cascio
Assistant Director of Development
Main: 516-671-2213 EXT. 1126
Ms. Alicia Edgar
Campaign Officer for Institutional Outreach
Ms. Shanna Hamilton
Assistant Director of Development Services
Main: 516-671-2213 EXT. 1101
Ms. Gailmarie Sujecki
Executive Assistant to the President and Director of Alumni Relations
Main: 516-671-2213 EXT. 1100