PROVIDENCE, R.I. [Brown University] —Fundraising efforts at Brown University surpassed goals during the 2006-07 academic year, with overall cash gifts to the University totaling $182,735,934. Contributions to the Brown Annual Fund, Brown University Sports Foundation, and Brown Medical School Annual Fund reached all-time highs, records were reached in class giving, and the Campaign for Academic Enrichment exceeded the $1-billion mark.
“This year’s results are outstanding,” said President Ruth J. Simmons. “These gifts from alumni, parents, corporations and foundations make our continuing progress in the Campaign for Academic Enrichment possible, as well as confirming our commitment to extraordinary academic programs and financial aid. I am deeply grateful to all whose commitment to Brown made this achievement possible.”
Notably, the total cash giving to Brown set a new historic record of $182,735,934, which represents an increase of 42 percent over FY 2006. Moreover, a total of $87,656,121 was contributed to Brown’s endowment, and $23,535,200 was contributed for new facilities, an increase of 30 percent over what was raised for bricks and mortar in FY2006.
The Brown Annual Fund (BAF), which consists of only unrestricted, current-use gifts, advanced by double-digit percentage points. The BAF raised $34,625,529, representing a 12.6-percent increase over the record $30,746,888 raised in FY 2006. The FY 2007 results also exceeded the BAF goal of $31.5 million by $3,125,529. Total donors to BAF also set a new record of 34,316, an increase of 6.25 percent over FY 2006’s record number of donors. The Parents Fund (non-alumni parents) set a new record of $4,847,069, an increase of 15 percent over the FY 2006 record. More than 7,247 parents contributed, an 18-percent increase over the previous year. There were also seven new BAF reunion class giving records set, and four classes established new reunion records for comprehensive giving.
“All of these extraordinary results could not have been achieved without the continuing dedication, hard work and exemplary efforts of our Advancement Division staff and of our tremendous volunteers at all levels,” said Senior Vice President for University Advancement Ronald D. Vanden Dorpel. “Our foremost thanks go to the myriad generous donors who continue to support this University in unprecedented ways, as it attains unparalleled excellence.”
Among other highlights:
- New gifts and pledges set a new all-time record of $291,571,644, an increase of 41 percent over FY 2006’s $207,062,295. This total marks the fourth consecutive year that new gifts and pledges have exceeded $200 million. During the four completed fiscal years of the Campaign for Academic Enrichment, Brown averaged more than $235 million in new gifts and pledges.
- The Brown University Sports Foundation (BUSF) enjoyed another record year, having raised $2,985,000 in current-use funds for the Athletic Department budget from 5,715 donors. BUSF raised a total of $10.8 million in cash and more than $16.7 million in new gifts and pledges, both of which are new all-time records.
- The Brown Medical School Annual Fund raised a record $720,970, which was a 13.4 percent increase over FY 2006 and a 32-percent increase over FY 2005.
- The Campaign for Academic Enrichment, having exceeded the $1-billion mark on May 25, 2007, finished the fiscal year at $1,022,112,441, or 73 percent of its $1.4-billion goal. Since the Campaign began in 2005, a total of $490 million has been given for endowment, or 74 percent of goal; more than $164 million for facilities, or 82 percent of goal; and more than $166 million for current-use unrestricted purposes (BAF, BUSF and financial aid).
- To date, more than 83,000 donors of all types have made gifts to the Campaign. As of July 13, 2007, the Campaign’s total giving had reached $1,028,476,885.
- New Brown Annual Fund Records
Class of 1942 – 65th Reunion – $117,147
Class of 1952 – 55th Reunion – $391,894
Class of 1957 – 50th Reunion – $934,267
Class of 1962 – 45th Reunion – $1,140,351
Class of 1967 – 40th Reunion – $789,789
Class of 1982 – 25th Reunion – $3,310,150 (largest class gift ever)
Class of 1992 – 15th Reunion – $674,652
- New Comprehensive Giving Records
Class of 1942 – 65th Reunion – $126,237,019
Class of 1972 – 35th Reunion – $8,249,805
Class of 1977 – 30th Reunion – $31,375,466
Class of 1992 – 15th Reunion – $1,365,693
- New Participation Record
Class of 2002 – 5th Reunion – 42%