Skip to Navigation
University of Pittsburgh
Print This Page Print this pages

September 25, 2008

FY08 was Pitt's best fundraising year

Pitt recorded its best fundraising year ever in fiscal year 2008, raising $183 million in gifts and pledges, $64 million more than in FY 2007, according to a Sept. 15 press release.

Included in that overall total were record-setting gifts and pledges of $84.9 million from individuals and $72.1 million from foundations. This brought total commitments to Pitt’s $2 billion Building Our Future Together capital campaign goal to $1.273 billion.

The University also recorded its best year in terms of actual cash received, with a total of $126.8 million. Those gifts came from a total of 50,213 donors, the largest number of contributors ever to support Pitt in a single year. Since the beginning of the campaign in 1997, 136,742 donors have made one or more contributions to the University. Of these donors, 74,548 are Pitt alumni and 6,270 are Pitt faculty and staff.

The campaign had its initial $500 million goal doubled by the Board of Trustees to $1 billion in 2002. It was doubled again by the board in June 2006 to $2 billion, after the $1 billion mark was reached some eight months ahead of schedule.

“Both the members of our professional staff and our many campaign volunteers are very proud of the fundraising records set during this past year,” said Albert J. Novak, Pitt’s vice chancellor for Institutional Advancement. “Our greatest source of pride, however, is the impact that this campaign is having in creating student opportunities, supporting important faculty and elevating the quality of our campuses.”

The campaign has funded 398 new endowed scholarship funds, 32 new endowed fellowship funds and 98 new endowed faculty positions, as well as supported educational and research programs, student-life initiatives and construction and renovation projects on all five Pitt campuses.

Filed under: Feature,Volume 41 Issue 3

Leave a Reply