William & Mary benefits from record-breaking fundraising year
More than $104 million in new activity recorded during fiscal year 2013
William & Mary set new records in fiscal year 2013 for total giving and outright cash gifts.
Alumni, parents, and friends gave or committed a total of $104.3 million during the fiscal year that ended June 30, 2013, making it the most successful year for private giving in the university’s 320-year history. The previous record for total giving, which includes cash gifts, pledges and bequests, was $101.65 million in 2005.
During fiscal year 2013, the largest portion — $70.04 million — was in cash gifts, which includes realized bequests. Cash gifts also set a record, topping the previous high set in 2009 by nearly $20 million. In 2012, the university raised $43.6 million in cash.
“Philanthropy has never been more important to the success of colleges and universities than it is today,” said President Taylor Reveley. “The William & Mary family has truly risen to the occasion with extraordinary generosity.”
More donors also participated during fiscal year 2013 than any other fiscal year in William & Mary’s history. A total of 31,140 individuals, corporations, and foundations made gifts to the university during the fiscal year. Among them, 18,551 alumni made gifts, including 14,368 undergraduate alumni, or 23.9 percent of the overall undergraduate alumni body.
“Gifts of all sizes from all corners are making a significant difference for William & Mary,” said Matthew T. Lambert ’99, vice president for University Development. Individual gifts of $250 or less collectively brought in $2.93 million for William & Mary. And more than 61 percent of William & Mary’s undergraduate Class of 2013 participated in the Senior Class Gift effort.
“Our alumni, parents, and friends set the bar high for William & Mary in fiscal year 2013,” Lambert said. “It is imperative that we continue this momentum over the next year to make the university more accessible and an even better place to learn, teach and do meaningful research. Truly, philanthropy provides the margin of excellence for our people and programs.”