FAMU raises over $23M via annual fundraising campaign
The university says this is a new record for the campaign.
TALLAHASSEE, Fla. (WCTV) - Florida A&M University says its annual giving campaign for 2021-22 has raised a record $23.1 million, which is a 70% increase from last year’s fundraiser.
According to the university, 48.6% of the donations came from corporations, 15.4% from alumni, 11.1% from the FAMU Foundation, and 11.9% from friends of the university.
FAMU President Larry Robinson says he was pleased with the fundraiser’s outcome, especially since the money will go towards FAMU’s initiatives for student success.
“It gives us a lot more flexibility in providing support for our students, faculty, and other needs in the University,” Robinson says. “I’m proud of the people who were so generous to make that happen - our corporate partners, foundations, alumni, and individuals who gave. It is well appreciated. I am thankful, and it will go to some very sound, useful purposes.”
One of the leaders of the FAMU Foundation, Shawnta Friday-Stroud, highlighted the success of the annual campaign during a report to a FAMU Board of Trustees committee Thursday.
She cited events following the 2020 death of George Floyd as possible drivers for the increase. However, the aftermath of the COVID-19 pandemic and inflation increases could present obstacles for donations in the future, the university says.
Funds raised by the annual campaign contribute to scholarships, athletics, emergency assistance and other initiatives. Some donations bolster the FAMU Endowment, which has an investment value of $159.8 million, up from $156 million on Sept. 30, 2021, the university says. The endowment is valued at $122 million, up from $115 million last September, according to Friday-Stroud.
The 2021-2022 annual campaign runs through June 30.
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