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RFH 2010, Colgate News

Colgate Raises $39 million in FY 2010-2011

Thu, Jun 30, 2011

Down economy? What down economy? Colgate enjoys fundraising success in recently closed fiscal year.

Colgate and its donors seemed not to notice the continued slow economy. In the fiscal year ending May 31, the university enjoyed some solid fund-raising success.

In all, it raised some $39 million from all sources between June 1, 2010 and this past May 31.

At the same time the value of Colgate's endowment increased by more than $81 million, through a 19 percent return and $17.9 million in gifts and bequests.

Some of the fundraising highlights during FY 2010-2010 included:

  • the university met its initial $400 million campaign goal in January and immediately expanded Passion for the Climb: The Campaign for Colgate with an additional $40 million target for financial aid alone.
  • The Upstate Institute, which links students and faculty with Central New York nonprofit organizations, logged its full $5 million funding,
  • The Shaw Wellness Institute was also fully endowed with a $2 million gift. A search is currently going on for a new wellness director.
  • the Presidents' Club set a new membership record. Planned gifts totaled $4.1 million,

"Thanks to our generous Colgate community, we're already at $427 million in our $400 million campaign," said President Jeff Herbst. "And we're committed to going even further."

Source: Colgate

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