University Surpasses Goal, Raises $49.4 Million in 2003
Annual Giving and Leadership Gifts Set the Pace
Carnegie Mellon surpassed its fundraising goal by more than $2 million in fiscal year 2003, closing its books with $49.4 million in gifts and commitments. This year's overall effort marked an increase of more than $12 million over fiscal year 2002's total of $37.3 million.
The success is the result of strong corporate, foundation and individual giving, particularly at the annual fund and leadership giving levels. A record $4.84 million was raised through the annual giving appeal, and $22.3 million was raised in the leadership gift category, contributions between $1 million and $4.9 million. The level of leadership gifts nearly doubled the highest level set in the last campaign$12.4 million in 2000.
Ron Schiller, associate vice president for University Advancement, said fiscal year 2003 saw a much expanded annual giving program, in which all alumni were given the opportunity to contribute both to their college or school and to university-wide funds that support students. Schiller also noted that university communication with international alumni, including annual giving mailings, was greatly enhanced.
"As the university plans a new campaign to fund strategic objectives we are very pleased with these results and the momentum they help to build, particularly in a challenging economic climate," said Robbee Baker Kosak, vice president for University Advancement.