Mass. Public Colleges Boost Fundraising
BOSTON (AP) — Focused efforts by public universities in Massachusetts to boost private fundraising are paying off.
The five-campus University of Massachusetts system and the nine-campus state university network nearly doubled their annual private fundraising totals over the past decade.
The increase in donations came at a time when financial support from the state shrunk.
State statistics show that yearly donations to the UMass campuses increased from $63 million in the 2004 fiscal year to $111.5 million in 2014. Massachusetts’ state universities saw annual private gifts jump from $9.4 million to $18 million over that span.
The Boston Globe reports that in the past four months alone, UMass-Amherst has received gifts of $10.3 million and $10 million; Bridgewater State announced a record $3 million gift; and UMass-Boston received a $1 million donation.
Information from: The Boston Globe, http://www.bostonglobe.com