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U of M has record year for academic fundraising

By Updated: May 24, 2019 10:52 AM CT | Published: May 24, 2019 10:52 AM CT

The University of Memphis announced Thursday it has surpassed its previous record in academic fundraising with $26.3 million during the fiscal year ending June 30.

The previous record was $23 million in fiscal year 2018.

The total includes cash gifts, pledges and planned gifts from alumni, friends, corporations and foundations to the University of Memphis Foundation, according to a release.

“Our generous donors provide the critical resources our students need in order to be successful, and to set records in consecutive years is tremendous for the growth of the University of Memphis,” University of Memphis president M. David Rudd, said in a release.

Several factors contributed to this year's record level of support, including:

  • $1.8 million from the Suder Foundation, the Assisi Foundation of Memphis and other donors to improve outcomes for first-generation college students. The funds will create an Office of First-Generation Student Success and establish an endowed scholarship fund for first-generation students.
  • A bequest from Mary and Neil Aronov which will benefit the Clinical Psychology program and the Cecil C. Humphreys School of Law.
  • Continued support from the River City Partnership with a $1 million gift from International Paper and $100,000 from the Walmart Foundation.
  • More than 5,700 alumni have made a gift to a campus initiative that matters most to them, from the Tiger Pantry, to the Memphis Fund, which provides support to enhance the student experience.
  • Donors were inspired to provide gifts for student scholarships 

 

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University Of Memphis
Natalie Martin

Natalie Martin

Natalie Martin is a Memphis native and 2018 graduate of the University of Memphis. She worked at The Daily Helmsman, the U of M's student newspaper, for a year as a reporter and a copy editor and has been published in Memphis Magazine. She is a reporter for The Daily Memphian.


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