Thursday, July 18, 2024

W&M Raises $100 Million, Sets Single-Year Fundraising Record

william mary logoThe College of William & Mary is celebrating a banner fundraising year.

The college raised $105.8 million in fiscal year 2015, which ended June 30. The figure is the highest amount raised in a single fiscal year.

William & Mary also saw an increase in the percentage of undergraduate alumni donating money to the college. More than 16,800 undergraduate alumni of the college gave money in fiscal year 2015, representing 27.1 percent of the school’s undergraduate alumni base.

A total of 35,896 individuals donated money to the college during fiscal year 2015.

“Last fiscal year provides a powerful example of our alumni and friends coming together to support William & Mary,” William & Mary President Taylor Reveley said in a news release. “These accomplishments reinforce how the alumni of this 322-year old institution refuse to rest on their laurels but rather continue to make history every day.”

William & Mary has raised $100 million or more in a single fiscal year four times in the school’s history, including the last three years. William & Mary increased its fundraising total by more than $1 million over the fiscal year 2014 total of $104.2 million.

Corporations and private foundations donated $7.5 million to the college in fiscal year 2015.

“Private support plays a vital role in ensuring the university has the necessary resources to attract and retain the best and brightest students and faculty who are vital to the academic enterprise,” Vice President for University Advancement Matthew Lambert said in a news release.

William & Mary also increased the number of undergraduate alumni donors over the fiscal year 2013 figure of 14,368 and the fiscal year 2014 total of 15,141. The fiscal year 2014 mark was good enough for second place among top public universities for alumni giving, according to U.S. News and World Report.

“At a time when other universities struggle with declining alumni participation rates, William & Mary’s upward trajectory bodes well for our future,” Dan Frezza, assistant vice president for Lifetime Philanthropic Engagement and Annual Giving, said in a news release. “We are thankful to all of the alumni who chose to invest in this great university.”

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