UNLV donor pulls millions in funding, cites ‘adversarial behavior’ (2024)

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UNLV donor pulls millions in funding, cites 'adversarial behavior'

UNLV donor pulls millions in funding, cites ‘adversarial behavior’ (1)

Philanthropist Kris Engelstad of The Engelstad Foundation in front of the construction site for The Kirk Kerkorian School of Medicine on Oct. 15, 2021, in Las Vegas. (Ellen Schmidt/Las Vegas Review-Journal)

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ByAlan Halaly/Las Vegas Review-Journal

May 18, 2024 - 7:00 am

Updated May 20, 2024 - 7:14 pm

A significant UNLV donor is severing ties with the university because of what she called “adversarial behavior” behind closed doors from university leadership and the dean of the medical school.

Kris Engelstad, CEO of The Engelstad Foundation, sent a letter to UNLV President Keith Whitfield on Tuesday announcing her decision, citing a frayed relationship with past university presidents, with the exception of Len Jessup, who led the school from 2015 to 2018.

“The university’s history of adversarial behavior has morphed over the years, but never dissipated,” Engelstad wrote.

Over the course of the foundation’s long partnership with the school, it has contributed about $43.5 million, with a notable $15 million donation for the construction of the Kirk Kerkorian School of Medicine main education building, which opened in 2022.

The university will not receive another cent from the foundation, Engelstad said, with the exception of the current students — 100 undergraduates and 25 medical students — who benefit from foundation-funded scholarships.

“There’s quite a few other institutions that if they had the ability to have donors our size, they’d be very grateful,” Engelstad, whose late parents Ralph and Betty created the foundation in 2002, told the Las Vegas Review-Journal. “Gratitude is not something that is displayed at UNLV.”

UNLV programs may suffer

Programs that will lose financial backing include extensions of the medical school building that would focus on mental health, the school’s family therapy and child psychiatry program, the Ackerman Autism program, and the pediatric cardiology program, according to Engelstad’s letter.

The breaking point for this decision, Engelstad alleges, was when UNLV’s legal team threatened to remove representatives of the donors from the medical building that they funded. The Nevada Health and Bioscience Asset Corporation, of which she is a member, is a public-private partnership that provided $150 million for the medical school campus.

In a statement, UNLV spokesman Francis McCabe said negotiations with the corporation have been in “good faith,” and he thanked the foundation for its support over the years.

“We are disappointed by the announcement by the Engelstad Foundation but disagree with the characterization of facts from what has been a difficult negotiation,” he wrote.

Going forward, Engelstad said she’d like to see Whitfield take a more active role in fundraising and maintaining better relations with donors. When she has met with him, Engelstad said, he has not been receptive to her concerns or wishes.

“I never see him anywhere in this valley,” she said. “If you’re not going out there and meeting donors, how do you keep the university alive?”

This story has been updated to correct the description of Engelstad’s allegations regarding UNLV’s legal team.

Contact Alan Halaly at ahalaly@reviewjournal.com. Follow @AlanHalaly on X.

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UNLV donor pulls millions in funding, cites ‘adversarial behavior’ (2024)

FAQs

UNLV donor pulls millions in funding, cites ‘adversarial behavior’? ›

A significant UNLV donor is severing ties with the university because of what she called “adversarial behavior” behind closed doors from university leadership and the dean of the medical school.

What is the Engelstad Foundation? ›

The organization was created in 2002 by the late casino operator Ralph Engelstad and his wife, Betty, to provide funding for medical research and to improve the lives of individuals with disabilities. It is also a major donor to The Nevada Independent.

How do I donate to UNLV? ›

Gifts
  1. Checks may be made out to UNLV Foundation and mailed with our printable giving form to: 4505 S. Maryland Parkway. Box 451006. Las Vegas, NV 89154-1006.
  2. You may also make a gift by appreciated securities, or by calling 702-895-3641.

How much was Ralph Engelstad worth? ›

He added a casino in 1972, and later renamed the property to the Imperial Palace Hotel and Casino in 1979. By 1989, he was worth an estimated $300 million.

How is UNLV funded? ›

About the UNLV Budget

The UNLV budget is made up of state appropriations, student tuition and fees, sales and services, and other sources.

Who is UNLV sponsored by? ›

Apparel. In 2008, Nike and UNLV entered into a contract that makes Nike the exclusive product supplier and sponsor of all UNLV athletic teams.

Is UNLV for profit? ›

The UNLV Foundation, a not-for-profit corporation, is responsible for raising and managing thousands of private gifts donated annually to the University of Nevada, Las Vegas.

Can you donate your way into college? ›

As many are aware, wealthy parents can donate large sums to elite universities and significantly raise the odds that their child will be admitted. At Harvard, being connected to a wealthy donor boosts an applicant's chances of admission by a factor of nine.

Are university donations deductible? ›

Tax Benefits of Donating to Universities

Charitable donations to universities are tax-deductible, meaning that donors can claim a deduction on their federal income tax returns for the full value of the donation. This can result in significant tax savings for donors, especially those who make large donations.

How do I set up a donation system? ›

How to Set Up a Donation Page for Fundraising Success in 8 Steps
  1. Create an interesting fundraiser title.
  2. Write a meaningful fundraiser story.
  3. Choose the best types of photos and videos for your fundraiser.
  4. Pick the right fundraising goal.
  5. Share your fundraiser to get more donations.
  6. Thank your supporters.
May 23, 2024

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