University Raises $47 Million in Fiscal Year 2013
Posted: August 19, 2013 at 5:01 am, Last Updated: August 16, 2013 at 5:01 pm
By Corey Jenkins Schaut
George Mason University’s Office of University Development raised nearly $47 million in gifts and pledges during fiscal year 2013, exceeding the previous year’s total by nearly $5 million. The funds provide critical support in areas that include student scholarships, research, and faculty and operational support.
“We are very pleased to have had such a strong year, especially during a period of significant leadership transition,” says Jim Laychak, interim vice president for university development. “I think that this year’s results speak to the excitement around President [Ángel] Cabrera and his vision for Mason. We can’t thank our donors enough for their support, and I am personally grateful to our development staff for their hard work over the past year.”
George Mason received gifts and pledges from 17,498 donors during the year, topping the previous fiscal year’s total of 17,091 donors. The number of alumni donors increased for the third year, with 8,952 alumni giving back to George Mason. This number represents more than half of the university’s total donors for the year.
Faculty and staff giving totals also increased significantly over the previous year’s total, with Mason employees giving more than $982,000 in FY13. Faculty and staff contributed more than $808,000 in FY12.
The university’s Phonathon, which raises money for the annual fund, had a particularly strong year, raising more than $278,000. This is up from nearly $176,000 in FY12. The Phonathon also saw the total number of pledges for financial support climb from 3,187 in FY12 to 4,661 in FY13.
Top gifts to the university during the year included the following:
- The creation of the Arison Group Endowed Professor of Doing Good Values in New Century College
- An endowment gift from the Bernard Osher Foundation providing operational support to Mason’s Osher Lifelong Institute
- Gifts to support research at the Mercatus Center from the Charles Koch Foundation
- A gift to support research at the School of Law’s Center for the Protection of Intellectual Property from QualComm Inc.
Mason’s fiscal year ran from July 1, 2012, to June 30, 2013. All totals for fiscal year 2013 remain preliminary, pending the completion of an audit this fall. Laychak anticipates a fund-raising goal in the range of $45 million to $50 million for fiscal year 2014.
For more information on philanthropy at Mason, visit supportingmason.gmu.edu.
Write to Robin Herron at email@example.com