UMass surpasses annual fundraising goal with $103.7 million
AMHERST — The University of Massachusetts has raised $103.7 million in private funds, surpassing last year’s fundraising total by nearly $11 million, the university announced Wednesday.
The amount, raised during the fiscal year that ended June 30, represents a 12 percent increase over the $92.9 million raised during the previous year, according to UMass President Robert L. Caret. The university also expanded the number of gifts from individuals to 83,048 from 79,922.
While the university asked the state to increase funding, it challenged itself to improve its fundraising, Caret said in a statement. “Breaking the $100 million mark certainly indicates that we are having success,’’ he said.
The amount raised is $1 million more than the goal that had been set for the five campuses, Caret said. The fundraising goal for fiscal 2014 is $106.8 million.
“It is critically important that we continue on this upward trajectory in private fundraising because it is essential to our ability to attract and retain top faculty, maintain affordability, provide scholarships to students and ensure that our facilities match our academic and research ambitions,’’ he said.
The fundraising figures were released at a meeting of the UMass Board of Trustees Advancement Committee as the university shapes plans for its first-ever systemwide capital campaign.
“I am pleased to see significant growth in this vital area,” said Trustee R. Norman Peters, who chairs the advancement committee, in the university’s statement. “Private support elevates the university and allows us to pursue and achieve excellence in all that we do. I want to commend President Caret and the chancellors for this strong performance and look forward to continued success in this critical area.”