Michigan State raises record $272M in 2015-16
Michigan State University had its most successful fundraising year ever when it raised a record $272 million in 2015-16, officials announced Wednesday.
The amount follows two previous record-breaking years after the 2014 launch of the university’s Empower Extraordinary fundraising campaign, aimed at raising $1.5 billion for MSU by 2018.
So far, the campaign is 82 percent fulfilled, with more than 249,000 donors having contributed more than $1.2 billion.
“The success of this campaign shows how MSU’s mission to drive innovation and discovery, while providing world-class education and experiences for our students, is important to all those supporting Empower Extraordinary,” MSU President Lou Anna K. Simon said in a statement. “We are grateful for our donors’ generosity, which again demonstrates how Spartans’ individual strength can become a collective power that has extraordinary impact.”
Fundraising benchmarkers were up in all areas in 2016.
There were 110,873 donors, up from 102,513 donors in 2015.
Individual giving increased 16 percent to $176.9 million this year, up from last year’s $152 million.
Meanwhile, corporations and corporate foundations increased giving 90 percent to $31.8 million, up from $16.7 million in 2015.
Nearly three-fourths of all dollars raised are six-, seven- and eight-figure gifts: Four gifts totaled more than $10 million; 53 are seven-figure gifts; and 289 gifts fall into the $100,000-$999,000 range.
“This year, by hosting campaign events in major cities around the country, we brought MSU’s story directly to donors, alumni and friends who are passionate about helping to shape it,” Bob Groves, vice president for university advancement, said in a statement. “Our unprecedented fundraising success reflects the dedication and generosity of many donors who see the value of MSU in their lives and community.”