Temple University has announced it raised $65.8 million in donations over the past year, just topping it’s former fundraising record of $65.4 set in 2008. Over 45,000 donors contributed to this year’s groundbreaking effort, which is all the more remarkable because fiscal year 2013 wasn’t a campaign year for Temple.
Beyond the sheer amount raised, the breakdown of this fundraising tells an encouraging story. The amount of money pledged specifically to financial aid efforts shot up this year, to $16.5 million, nearly double last year’s total. Dedicated support of faculty and research also doubled. Further, the number of young alumni donors–those who graduated from Temple within the past ten years–grew 60% from last year, and this group gave 47% more money to the school.
“Philanthropy is a vital component of our university’s mission and enterprise,” Temple University President Neil D. Theobald said in a press release issued by the University. “It has a tremendous impact on our students by keeping the costs of their educations down as well as providing the spaces and resources they need to live, work and grow.”
“To have broken this record in a non-campaign year, in what has also been a year of transition with a new president and many new deans, is a truly remarkable achievement,” Tilghman H. Moyer IV, interim senior vice president for Institutional Advancement, said in the same release.
Temple University’s Fox School of Business, which offers a two-year, full-time MBA degree as well as Executive MBA, Online MBA and part-time Professional MBA programs, is certain to benefit from this injection of funds. All applicants to Fox’s full-time and part-time MBA programs are automatically eligible for merit-based scholarships based on their GMAT score and previous academic achievement.
