STARKVILLE – Mississippi State University topped $106 million in private support during the past fiscal year, the university’s most successful fundraising year ever.
MSU’s record in private gifts and pledges of future support – $25 million more than the prior year’s $81.3 million total – was for fiscal year 2014, which ended June 30.
The previous record was more than $86 million in FY 2012.
“The visionary individuals and organizations who are investing their resources in the future of this institution and the people it serves recognize the vital role that Mississippi State plays in the life of the state and region,” said President Mark E. Keenum. “It is with deep appreciation that we accept these contributions to benefit life on our campus and improve life for people around the globe through our endeavors as an institution.”
Of the total funds raised in fiscal year 2014:
• New gifts accounted for more than $37 million, up 17 percent,
• New pledges exceeded $43.7 million, up 24 percent, and,
• Deferred gifts made up the remaining nearly $25.4 million. The 18,541 separate gifts were received from individuals, corporations, foundations, trusts and estates.
Mississippi State is in the midst of the largest comprehensive campaign in school history to secure $600 million in gifts for its long-range goals. Since campaign counting began in fiscal year 2010, the multi-year endeavor has reached in excess of $434 million raised.
All gifts to MSU through fiscal year 2018 will be part of the campaign.
For the 2014 fiscal year, alumni participation at Mississippi State held steady at 18 percent, said John P. Rush, vice president for development and alumni who also serves as MSU Foundation CEO. This constant level has enabled MSU to maintain its ranking ahead of several major peer institutions in the measure of support among former students, he added.
The number also keeps MSU well above the 10.2 percent national average of this measure, according to the fundraising statistics of higher education institutions published by the 2013 Voluntary Support of Education annual report.
Rush thanked the supporters, saying that Mississippi State “is extremely proud of the proportion of alumni who gave in FY 14. The faith these former students continue to show in the institution and the value these individuals place on their MSU education will help us grow our donor base over time.”