Duke sets yet another record in fundraising
Duke University set another record in fundraising this past year.
It received a record-high amount in philanthropic contributions for the second year in a row -- $441.8 million between July 1, 2013, and June 30.
"On behalf of the university, I want to express how grateful we are for the extraordinary support we’ve received this year,” President Richard H. Brodhead said.
Fundraising increased 7.5 percent over the $410.9 million received in the 2012-13 fiscal year. The number of donors also went up, from 109,013 to 110,962.
"Every gift we get, no matter the amount, helps to support and build on Duke’s impact on the world and what makes our university distinctive,” said Robert S. Shepard, vice president for alumni affairs and development.
All of the fundraising went toward Duke Forward, the institution’s seven-year fundraising campaign. The campaign supports Duke’s 10 schools and units, university programs and Duke Medicine. The campaign reached $2.17 billion of its $3.25 billion goal. It also encompasses all gifts the university receives by June 30, 2017.
“The generosity of Duke alumni and friends expands the potential of what Duke can do -- creating transformative opportunities for our stellar faculty and students and providing resources for them to continue engaging with global problems,” Brodhead said.
The Duke Annual Fund received a record $35 million from alumni, parents, students and friends. The annual fund helps cover the cost of financial aid, faculty support and educational programming for all of Duke's undergraduate, graduate and professional schools, as well as the operations of the libraries, Duke Gardens, Duke Chapel and Nasher Museum of Art.
Alumni J. Michael and Christine Pearson made the largest gift to Duke in 2013-14, a commitment of $30 million to the Pratt School of Engineering to advance engineering and science education across the university.
Duke Medicine was awarded $15 million by Atlanta-based The Marcus Foundation to support an innovative research program that explores the use of umbilical cord blood cells to treat autism, stroke, cerebral palsy and related brain disorders. The philanthropic organization’s donation will fund the first two years of a five-year, $41 million project.
Other significant commitments in 2013-14 included:
-- $10 million from Duke trustee Bob Penn and his wife, Katherine, in support of a new 25,000-square-foot events and dining pavilion for students.
-- $10 million from members of the Crown family to create opportunities for social and intellectual interaction in the renovated student union on West Campus.
-- $7.5 million from The Duke Endowment for fellowships to provide increased and year-round support for Ph.D. candidates at The Graduate School.
-- $5 million from the Bacca Foundation to establish an undergraduate program that focuses on building strong communications skills in traditional and new media.
-- $3 million from alumna Bettye Martin Musham to establish a directorship for Islamic studies.