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U of M raises $55.1M, but officials acknowledge ‘headwinds’

By , Daily Memphian Published: September 02, 2026 12:22 PM CT

The University of Memphis raised more than $55 million in combined academic and athletic funds in 2026, a tally that marked the second-highest total in the school’s history.

The $55,127,218 was nearly $10 million short of last year’s record of $64,899,090, school officials told the university’s Board of Trustees at its quarterly meeting Wednesday, Sept. 2.

“We had a great fiscal year of fundraising (with) $55.1 million, which was 110% of the goal,” Tara Jones, U of M senior vice president for advancement, told the board. “(Next year’s) goal is $56 million, and we’ll continue to raise that goal each year.”

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Jody Callahan

Jody Callahan graduated with degrees in journalism and economics from what is now known as the University of Memphis. He has covered news in Memphis for more than 25 years.


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