Graduates, especially newer ones, and benefactors gave more in this fiscal year than ever before.
Gifts and pledges collected during fiscal year 2008 have put the College on a stronger footing for the future, Vice President for College Advancement Lewis Thayne said.
In fiscal year 2008, Franklin & Marshall received $19.1 million in gifts and pledge payments from 10,842 donors. That’s an increase of $1.2 million over last year’s $17.9 million and nearly double the total of gifts received 10 years ago. The fiscal year runs from July 1, 2007 to June 30, 2008.
Gifts and new pledges totaled $28.2 million (including a portion of the $19.1 million that comprises gifts and new pledges of money yet to be fulfilled). That is a 39 percent increase over last year’s record-setting total of just over $20 million. More than 8,500, or 40 percent of alumni, made gifts/new pledges, the largest number in three years.
“These commitments are a reflection of donor confidence in the future of Franklin & Marshall,” Thayne said.
“By every measure, this was an outstanding year in development at the College. Trustee leadership in giving and in fundraising provided the critical support to make these results possible,” he said.
Although a portion of the money given to the College goes into a general fund to support strategic initiatives, a large majority of gifts are designated for special projects or particular programs that the donor wishes to support.
Forty percent of solicited alumni made a gift, including 502 new donors, an increase of 3 percent over last year.
The percentage of alumni making gifts of all sizes is widely used as an indication of the strength and vitality of an institution.