- Associated Press - Saturday, October 28, 2017

TUSCALOOSA, Ala. (AP) - The University of Alabama says it has had its best year ever for fundraising.

A statement from the university says it took in more than $120 million in gifts and pledges during the 2016-2017 fiscal year. That surpasses the previous record of more than $116 million in 2012.

The school says money this year came in from more than 58,000 donors. The university received 14 gifts that exceeded $1 million.

A university breakdown says donors gave almost $25 million to fund endowed scholarships and $20 million in endowed gifts for programs.

Another $18 million went to help fund construction and facility maintenance, and $4 million was in endowed gifts to support faculty.



Alabama and other public universities are relying more on private fundraising as state funding for higher education decreases.

Sign up for Daily Newsletters

Manage Newsletters

Copyright © 2021 The Washington Times, LLC.

Please read our comment policy before commenting.

 

Click to Read More and View Comments

Click to Hide