While total gifts this fiscal year were down, gift revenue from January to July outpaced the same period last year. During those six months, NC State brought in $39.1 million, compared to $35.5 million in 2009—an encouraging sign in a tough economy.
“Although we finished behind last year in gift receipts, it is clear the organization was putting on some steam,” said Nevin Kessler, vice chancellor for advancement.
Another encouraging sign: results in outright gifts and new commitments, a stronger benchmark of philanthropic activity.
“Compared to last year, we were essentially flat,” Kessler said. “We recorded $89.4 million in gifts and new commitments in fiscal year 2010, compared to $90.8 million the previous year. These are strong results considering the state of the economy.”
More donations benefited the university’s endowment, which will provide a more stable and predictable income stream for the university in the future. Endowment funds can be used to support merit- and need-based student scholarships, underwrite faculty teaching and research, and enhance student programs.
“What is so encouraging about 2010 is the 26.8 percent increase in giving to the endowment over the previous year, a trend that we will work to continue,” Kessler said.