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TULANE TALK

August 11, 2005

Good Morning:

I hope you are enjoying your summer. I have some wonderful news to share. During the fiscal year that ended June 30, 2005, Tulane University raised a record $95.4 million in new pledges and gifts. For the first time in the university's history the market value of our endowment exceeds $800 million. This record-breaking effort is in response to "Promise and Distinction: The Campaign for Tulane University."

The campaign has attracted increases in donations from all segments of our giving pool, to whom we are indebted. But I am perhaps most pleased by the response from Tulane staff and faculty, whose level of giving has increased 62 percent from last year. This is so critical, because we have to believe and invest in ourselves before we can ask others to do the same.

I shared this sentiment in a press release we recently issued on the status of the campaign. Please read that release by visiting http://www2.tulane.edu/article_news_details.cfm?ArticleID=5897

And thank you again for all you are doing to help Tulane realize its "Promise and Distinction."

Scott

Office of the President Emeritus, 1555 Poydras St, Suite 700, New Orleans, LA 70112 504-274-3638 info@scottcowen.com