Oregon State University Athletics

CORVALLIS, Ore. – Fueled by Complete Reser Stadium plans, a university-wide priority, donors gave Oregon State Athletics $49.8 million in fiscal year 2022, marking its second consecutive year of record fundraising. This success is part of a larger trend of rising philanthropy at OSU, led by the OSU Foundation.

“I couldn’t be more grateful and proud of what thousands of donors have made possible for OSU, positioning our student-athletes and coaches for even greater future success,” said Scott Barnes, vice president and director of OSU Athletics. “The OSU community and our close partnership with the OSU Foundation have helped us secure $127.6 million in donations over the past two fiscal years, making OSU a national leader in athletic performance, coaching, facilities, fan experiences, and the holistic development and success of our student-athletes.

“The thoughtful generosity of Beaver Nation will ensure the stability and growth of Oregon State Athletics and its position as an integral part of our campus community and a valued member of the Pac-12 conference.”

Highlights of the year

  • Donations from 5,560 donors, a 24% increase over last year.
  • A 98% increase in donations supporting athletic programs on Dam Proud Day, the university’s annual day of giving and commitment, raised more than $475,000 for the 16 teams and other priorities of the department.
  • $6.4 million in new commitments to support OSU Athletics endowments in the areas of program support and scholarships.

Complete Reser Stadium

The $161.5 million renovation of Reser Stadium was made possible by 20 generous donors, many of whom also support other areas of the university. This extraordinary philanthropy includes 12 donors who made their first-ever commitment of $1 million or more to the university, as well as the $50 million anonymous lead gift that launched the project and inspired additional support.

The main donation is one of 16 commitments of this size ever recorded in support of collegiate athletics. It also equates to the largest ever donation to OSU – a $50 million pledge from alumnus Gary Carlson, 74, to double the size of OSU’s animal hospital and name the Gary R. Carlson College of Veterinary Medicine.

On track to be completed for the 2023 football season, Reser’s redesign will provide new premium and general westside seating options that will provide the closest proximity to the playing field anywhere in college athletics. Additionally, the project brings year-round university facilities, including a welcome center for new students and their families and a 35,000 square foot wellness center.

Contributors exceeded the project’s original fundraising goal of $85 million, with donations totaling $91.6 million raised for the project; a great show of enthusiasm for the state-of-the-art athletic facility that will serve all students, 365 days a year.

Donors support the long-term growth of Athletics

The department’s fundraising efforts create exciting opportunities for the future. An example of this is increasing endowment support, where there is a distribution (or payment) each year in support of OSU athletics programs, while the principal remains invested for growth at long term.

“The success of fundraising over the past two years depends not only on the size of donations, but also on the collective impact and thoughtfulness of our donors,” said Aaron Escobar, senior associate athletic director and vice president of athletic development. “These two consecutive record-breaking years of fundraising for sport are building momentum toward a strategic plan for a thriving and nationally competitive OSU. I particularly appreciate the $6.4 million in endowment commitments during over the past year that will protect the long-term financial viability of OSU Athletics by generating sustainable funding for scholarships and programs.”