Virginia Tech released donations figures for the university on Thursday, and the numbers look encouraging.
The university raised $162.28 million in new gifts and commitments during fiscal year 2017, which is a 62 percent increase to prior year.
“We are grateful to have the support of such a generous community,” said university president Tim Sands in a statement. “Philanthropy is supporting more than 100 new students who are receiving Beyond Boundaries Scholarships this fall, and building an Intelligent Infrastructure Complex where students and faculty will develop the smart, sustainable communities of the future. We asked our alumni and friends to help Virginia Tech have a bigger impact on the world. Their response makes it possible for us to grow as a global university, launch new programs, serve more students and communities, and create productive environments for learning and research.”
In total, there were 34,662 donors for fiscal year 2017, including “individuals, corporations and foundations.” The alumni giving participation rate stands at 12 percent.
The Virginia Tech Annual Fund, which is for both the university and the athletic department, raised $22.45 million in fiscal year 2017, which was a 49 percent increase.
For the entire university release, click here.