AUBURN – Sparked by two $5 million pledges and a $10 million payment, private giving to Auburn University rose to an all-time high of $131.3 million in the fiscal year that ended Sept. 30. This tops the previous year’s total of $105.3 million and is the third year in a row the university has broken the prior year’s fundraising record and raised more than $100 million.
The year’s total is more than a 25 percent increase above the previous fiscal year’s earnings. Contributions were made by 37, 875 donors, and the total represents pledges, deferred and outright gifts. Gifts of more than $1 million came from 23 donors. These gifts totaled over $54 million, or 41 percent of the total giving for the year. An additional 30 percent of the fiscal year’s gifts were from donations of $100,000 to $999,999.
The Annual Fund also had a record year bringing in more than $2.8 million from 31,956 donors. This is a 16 percent increase over the previous year’s numbers. The fund focuses on unrestricted gifts, which can be allocated by schools and colleges for their most immediate needs.
Of the $131 million contributed to the university last year, $28 million went to student support, $21 million to faculty support, $11 million to facilities and $71 million to programmatic support.
The Auburn University “It Begins at Auburn” Campaign also had a groundbreaking year. The campaign reached its $500 million goal nine months early and ended the year at a state record for private giving during a campaign of over $540 million. The campaign will conclude on March 31, 2008.
Bob McGinnis, vice president for development, said this year’s accomplishments are impressive but they are just the tip of the iceberg.
“The 2006-07 fiscal year will stand out in Auburn’s record books for setting a new standard in fundraising for the university and the state of Alabama,” said McGinnis. “We still have individual goals across the campus that have not been achieved and many areas in need of increased support.”
AU President Jay Gogue also commented on the tremendous year, “Auburn supporters help bridge the gap between a good education and a great education. Their generosity this past year will be felt long into the future.”
“This outstanding financial accomplishment is due to our dedicated team of volunteers, deans and development staff. The Auburn spirit is evident in all they do to support the university and for this I give them thanks,” stated McGinnis.