Tufts donors: Thank you for a great fundraising year!
Nearly 40,000 donors, including 17,000 alumni, contributed to one of Tufts’ best-ever years for fundraising. From July 1, 2013, to June 30, 2014, the university raised nearly $91 million in gifts and pledges, a 15 percent increase over last fiscal year.
Gifts ranged from unrestricted annual fund gifts (directed to areas of current and greatest need) to larger gifts for major capital projects and ongoing priorities. Two $2.5 million gifts, for instance, one from a grateful client and the other from a foundation, will help Cummings School of Veterinary Medicine renovate and expand the Henry and Lois Foster Hospital for Small Animals.
Each and every gift adds up to have profound impact on the Tufts experience and on the university’s ability to attract and retain talented students and faculty.
- Student support, including financial aid, was bolstered by $22.9 million in endowed gifts and pledges and $6.7 million in current use gifts and pledges.
- Academic support, including faculty support, drew $3.33 million in endowed gifts and pledges and $21.7 million in current use gifts and pledges.
- Annual Funds exceeded $17 million.
Tufts University Advancement engages alumni, parents, and friends with Tufts through philanthropy and alumni programming and services. One ongoing effort is the Financial Aid Initiative, which will match any new endowed scholarship of $100,000 or more (and that aims to raise $50 million before June 30, 2016), in endowed scholarships.
The success of the past fiscal year was built on a strong philanthropic track record. In 2011, Tufts completed a $1.2 billion campaign; that effort raised $434 million for scholarships and other student support, and established more than 630 new endowed and term scholarships.