UofL’s 2007-08 fund raising sets record
September 4th, 2008
The University of Louisville had a record fund raising year for fiscal year 2007-08.
Between July 1, 2007 and June 30, 2008, the university raised more than $86.5 million, eclipsing the previous year’s mark by $35 million. The largest previous record was $66 million, reached in fiscal year 2004-05.
Kosair Charities provided the largest gift, a $12 million commitment to create the Kosair Charities Pediatric Cancer Research Center at UofL’s James Graham Brown Cancer Center.
Almost 15 percent of all alumni made a gift to UofL, which exceeded the university’s goal. U.S. News and World Report and other college ranking indexes use percentage of alumni giving to rate alumni satisfaction. The more graduates who give, the higher UofL ranks nationally and the more valuable a UofL degree becomes, said Keith Inman, vice president for University Advancement.
“In these financially tough times, our alumni and friends really came through for us,” President James Ramsey said. “We are honored to engender so much loyalty.
“Philanthropy is more critical today than ever before,” he said. “Just 42 percent of UofL’s budget comes from state and tuition support. Gifts from alumni and friends pay for university priorities that simply can’t be funded any other way.”