WVU Foundation sets record for donations
The WVU Foundation received almost $100 million in donations during fiscal year 2011:
Alumni and friends of West Virginia University contributed a record $96.3 million in cash, pledges and in-kind gifts in the most recent fiscal year, reflecting a confidence in the Universitys leadership and direction.
The gifts span the entire life of the University, from academics and athletics to research and medicine, enabling the WVU Foundation to contribute record amounts to the University.
The generosity of our donors speaks volumes about how much they love and appreciate WVU, said Wayne King, WVU Foundation president and CEO. Weve had two very difficult years with the economy, yet supporters of this great University continue to respond. They feel good about President (Jim) Clements leadership, and like the direction the University is heading.
The total for the fiscal year ended June 30, 2011 surpasses the previous record of $86 million contributed to the WVU Foundation in FY2007. Last years total was $80 million. The giving average for the past two fiscal years, $88 million, represents an increase of 69 percent over the average for the period FY99-FY09, which was $52 million.
Over the past fiscal year, 21,613 donors made 35,230 gifts.
Donor gifts enabled the Foundation to disburse approximately $50 million in funds in FY11 as requested by the University, also a record. Over the past five years, the Foundation has provided the University with $213 million in direct support.
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