September 18, 1998: Volume 44, Number 2

Gifts to College Totaled $26.8 Million Last Year

The College raised a record $26.8 million in gifts for the fiscal year ending in June, $8 million more than the previous year, said Dan West, vice president for College Relations.

Meanwhile, the 86th Annual Fund reached a total of nearly $4.2 million, another new record.

The administrative cost of raising money fell to 6.7 cents per dollar raised, compared to about 11 cents per dollar the previous year, West noted.

The total for last fiscal year included $388,000 in federal grants, $560,000 in foundation grants, $7.1 million in realized bequests, and $4.4 million in new or increases in planned gift instruments.

Within the Annual Fund there were increases in the number of current parents, surviving spouses and friends who contributed, and in the number of businesses that gave to the Annual Business Campaign. There were increases in the total amount contributed by current parents, former parents, non-alumni friends, graduate alumni, surviving spouses, corporate matches, and by the Annual Business Campaign.

The Annual Fund exceeded its unrestricted goal by about $83,000, its restricted goal by $119,000 and its overall goal by $622,000 (which includes an in-kind gift of equipment worth $225,000).

College Relations hosted 99 alumni events in 40 cities around the country. Some 3,000 alumni attended.

The College has raised nearly $8.9 million in additional pledges and gifts since the conclusion last fall of the Bicentennial Campaign, which raised $151 million.

College solicitors made 1,284 calls last year, an increase of 30 over the previous year.

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