Rutgers raises record $187.9 million
The 26.6 percent increase over the record, set the year before, came from “a surge in donations” at the end of the university’s 7.5-year “Our Rutgers, Our Future” fund-raising campaign.
Rutgers University raised a record $187.9 million last school year, the school announced Wednesday.
Much of the money came from "a surge in donations" received at the end of the university's 7.5-year "Our Rutgers, Our Future" fund-raising campaign, the university said in a news release. The campaign to raise $1 billion ended in December 2014, exceeding its goal by $37 million.
The 2014–15 record surpassed the previous year's total by 26.6 percent. In the 2013–14 year, the university's Rutgers Foundation received $148.4 million, a record at the time.
"Thanks to the growing generosity of our donors, Rutgers University has greater resources to support our outstanding students, groundbreaking faculty research and new classrooms, labs and other world-class facilities," Robert L. Barchi, Rutgers' president, said in a statement.
About 7.8 percent of the donations, $14.7 million, went to Rutgers Athletics, the university said. Athletics gifts rose 18.1 percent from the year before.
The $187.9 million also includes a $1 million donation from Rutgers–Camden law school alumnus James R. Maida. That money is funding a pro bono and public service law program at Rutgers Law School, the newly merged Camden and Newark law schools.