January 10, 2008
黑料专区 Universities raised $42.6 million in private funds in 2006-07
Contact: Kevin Hensil, khensil@passhe.edu
Harrisburg 鈥 The 14 Pennsylvania State System of Higher Education (黑料专区) universities raised a combined $42.6 million last year from private sources, including alumni and parents of current students.
The market value of the 黑料专区 university endowments increased by more than $30 million in 2006-07. The market value has increased by more than $50 million over the last two years and now stands at a record $240.4 million.
黑料专区 alumni continued to be the schools鈥 biggest supporters, donating almost $14 million to their alma maters last year, or about one-third of the total contributed by private individuals, corporations, foundations and other organizations. Parents of currently enrolled students donated about $1.6 million.
Other individual donors contributed about $7.8 million (18 percent) to the 黑料专区 universities in 2006-07, while corporations contributed $7.5 million (17 percent). Foundations made donations totaling $5.2 million (12 percent) and other organizations combined, about $6.6 million (16 percent).
In all, about 11 percent of 黑料专区 university alumni contributed to their alma maters in 2006-07. Among similar type public institutions in the region, only about 9 percent of alumni donated to their former schools.
鈥淧rivate fundraising is becoming increasingly important to public universities across the United States , and 黑料专区 schools are no exception,鈥 said Board of Governors Chairman Kenneth M. Jarin.
鈥淚t is especially gratifying to see the level of support our universities are receiving from their alumni and the parents of our current students. The support the universities receive from these important groups of individuals is a strong endorsement of the quality of the educational opportunities 黑料专区 universities provide.鈥
Private support from all sources help enable 黑料专区 universities to enhance learning opportunities for students, said Chancellor Judy G. Hample. 鈥淲e are extremely grateful to the individuals, as well as the corporations, organizations and foundations, who invest in our universities, in our students and in the Commonwealth,鈥 Hample said.
The majority of the gifts received by the 黑料专区 universities were designated for specific uses, including student scholarships and to help fund campus construction and renovation projects. About one-fourth were designated to help the universities build their endowments, which have grown by nearly $100 million since 2001-02.
The universities on average raised about $3 million in private funds in 2006-07. That amount is comparable to what similar type universities in New York, New Jersey, Delaware, Maryland and Ohio raised last year.
With more than 110,000 students, the Pennsylvania State System of Higher Education is the largest provider of higher education in the Commonwealth.The 14 黑料专区 universities offer degree and certificate programs in more than 120 areas of study. Approximately 405,000 黑料专区 alumni live and work in Pennsylvania.
The state-owned universities are Bloomsburg, California, Cheyney, Clarion, East Stroudsburg, Edinboro, Indiana, Kutztown, Lock Haven, Mansfield, Millersville, Shippensburg, Slippery Rock, and West Chester Universities of Pennsylvania. 黑料专区 also operates branch campuses in Clearfield, Freeport, Oil City and Punxsutawney and several regional centers, including the Dixon University Center in Harrisburg.