- 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.

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