Credit Union fulfills $20,000 pledge to University of Texas Libraries
Austin, TX (April 18, 2006) - The University Federal Credit Union (UFCU) has awarded $20,000 to the University of Texas Libraries toward its inaugural annual giving campaign.
The donation by UFCU fulfills an agreement to match the first $20,000 raised during the University of Texas Libraries 2005-2005 annual giving campaign.
The 2005-2006 annual giving campaign is the first broad appeal for alumni and community support in the history of the University of Texas Libraries.
To date, the fund-raising drive has raised more than $50,000 to enhance collections, mount exhibitions and start new educational programs.
Tony Budet, president and chief executive officer of the UFCU, said his organization is proud to support the University of Texas Libraries, which bolster the education of every university student.
"UFCU is grateful for the opportunity to financially support the UT Libraries, which perhaps uniquely draw together and serve the needs of faculty, staff, students and alumni alike," Budet said.
Fred Heath, vice provost and director of the University of Texas Libraries, views the partnership as a beneficial step toward greater visibility and presence in the Austin and university communities.
"We're fortunate," he said, "to have the University Federal Credit Union's involvement in the annual giving program for the libraries. We believe the provisional matching funds encouraged other donors leveraging the UFCU's support and enabling us to exceed our fund-raising goal."
Contributors to the annual giving program are provided with various benefits associated with each level of giving, including recognition in the University of Texas Libraries newsletter, borrowing privileges at its main and discipline-centered libraries, invitations to Libraries-sponsored events and public recognition at the Perry-Castañeda Library.