UConn Foundation Announces Best Fundraising Year

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The UConn Foundation recorded the highest fundraising total in its history for the fiscal year that ended June 30, 2020. Supporters contributed $89.5 million in new gifts and commitments to support UConn’s academic, research, and public service missions across all campuses and UConn Health.

“The UConn Foundation is proud to announce our most successful year yet. More than 18,000 alumni and friends invested in UConn’s future. In a year with significant economic challenges and the COVID-19 global public health crisis, this fundraising milestone is a testament to the dedication, vision, and immense generosity of UConn Nation,” says Scott M. Roberts, president and CEO of the UConn Foundation.

Fundraising increased 25 percent, rising from $71.4 million in fiscal 2019 to $89.5 million in fiscal 2020. In total, 18,401 alumni and friends made donations.

“UConn Nation made this fundraising achievement possible. Every gift contributes to UConn’s excellence and prominence. Philanthropic support underpins student success and helps drive innovation, research, and discoveries that have the potential to improve lives. We appreciate the incredible forethought and dedication of all our donors especially during these challenging times,” says John Malfettone ’77 (BUS), chair of the UConn Foundation Board of Directors.

A $1.4 million increase in dollars for scholarships and fellowships will boost the need- and merit-based support available for UConn students. Donations for scholarships and fellowships rose from $21.7 million in fiscal 2019 to $23.1 million in fiscal 2020. Since 2015, the UConn Foundation has raised $145.9 million for student support.

“We are deeply grateful for the passionate support of UConn’s alumni and friends. Philanthropy is more critical today than it has ever been. Scholarships and fellowships for our students provide them with vital support that keeps a UConn education within reach—especially for students from underrepresented populations, low-income households, and families experiencing financial challenges because of COVID-19 and the economic downturn,” says UConn President Thomas Katsouleas.

A significant rise in support for UConn Health will directly benefit patient care programs, life-saving research, and academic programs in medicine, dental medicine, and graduate studies. Donations increased from $6.7 million in fiscal 2019 to $15.9 million in fiscal 2020.

Support for the Division of Athletics totaled $26.4 million, rising 84 percent year over year. The increase in giving—which includes a $13.5 million pledged bequest for capital projects from an anonymous donor—will provide support for student-athletes, programs, and facilities.

 

Author: Admin