UM sets new fundraising record with $118M-plus in private support
by MBJ Staff
Published: August 11,2014
OXFORD — With more than $118 million in private support, the University of Mississippi again experienced a record fundraising year.
“The commitment of our alumni and friends is truly inspiring,” UM Chancellor Dan Jones said. “On the Oxford campus alone, our generous donors committed more than $6 million for new named faculty positions. We are fortunate to have alumni and friends so actively engaged in the life of the University of Mississippi that when there are needs, they respond at generous levels. This is beneficial not only for transforming individual lives but also for society in general.”
Cash gifts of all sizes to the university combined for nearly $90 million, with new pledges receivable in future years adding up to more than $25 million. Donors committed $2 million in planned and deferred gifts. Alumni and friend participation increased 4 percent, and the number of gifts rose from 37,000 in 2013 to 42,000 in fiscal year 2014.
Momentum also is continuing in gifts designated for Ole Miss Athletics and new or expanded facilities, such as a new basketball arena under construction, with $27.4 million in cash contributed. The last two years, combined cash giving totals $53.4 million, reflecting a 44 percent growth over the previous two years.
The Vaught Society, which began in 2010 with 29 original charter members, has more than 300 members and received $6.7 million in cash contributions this fiscal year. Vaught Society members make pledges of $25,000 or greater over the course of five years.
In addition to the Vaught Society, $6.3 million was brought in through Forward Together Capital Gift Agreements. The Forward Together campaign has topped $112 million, which comes to $32 million in new pledges for the fiscal year. The total campaign goal is $150 million.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Peavey's wellness program honored after workers drop 1,000 pounds
- Mississippi Film Studios signs contract with New Orleans company
- Pickering lists concerns over Mississippi Adequate Education Program formula
- Watkins says JRA out to block him from Farish by repaying HUD $1.5M
- Mars Food expanding Delta plant; investing $31M and adding jobs
- Group, lesbian couples look to overturn state's ban on same-sex marriages
- State renews battle over water use with city of Memphis
- DAVID DALLAS: You say “Obama”, I say “Ebola”
- Biloxi baseball project still alive but may be held for 2015