Philanthropic support of Alfred University reaches new heights
Alfred University | 8/30/19
Philanthropic support of Alfred University during the 2018-19 fiscal year demonstrated once again the tremendous generosity of our dedicated donors. New financial commitments and cash received doubled, while donations to the Alfred Fund set a new standard for a third straight year.
Philanthropic support of Alfred University during the 2018-19 fiscal year demonstrated once again the tremendous generosity of its dedicated donors. New financial commitments and cash received doubled, while donations to the Alfred Fund set a new standard for a third straight year.
Financial commitments last year totaled just more than $36 million, and included the receipt of approximately $13 million in cash. Donors committed $18 million in fiscal year 2017-18, including $8.2 million in cash.
Jason Amore, vice president of Advancement at Alfred University, credited the dedication of alumni, parents and friends. Their generosity helps fund a variety of institutional priorities including scholarships, faculty support, athletics, and a host of programs aimed at enhancing every facet of the student experience at Alfred University.
“We are fortunate to have so many incredible people support Alfred University and our students. Each gift has an impact on our faculty, staff and students now and in the future,” Amore commented. “Our donors are providing the resources we need to educate students who will change the world. I want to thank all of our donors for their continued support of this amazing institution.”
“We are deeply grateful for the generosity of our donors and the inspiration that they provide through their philanthropic support,” said Mark Zupan, Alfred University president. “Their investment in our University allows us to add an important margin of excellence to our impact and enhances our ability to transform student lives and better our world.”
Amore also pointed to increases in the Alfred Fund, which comprises unrestricted gifts. The Alfred Fund totaled $1.92 million last fiscal year, an all-time high which topped the previous year’s record $1.7 million. Recent increases in monies collected for the Alfred Fund are indicative of a trend: the $1.3 million donated to the Alfred Fund three years ago, in 2016-17, was then a high-water mark.
“These kinds of jumps (in the annual fund) are bucking national trends. In talking with my colleagues at other institutions, most (unrestricted giving levels) are flat,” Amore commented. “This really highlights the passion people have for Alfred University and the impact their philanthropy has on our University and students.”
Other highlights of giving for the 2018-19 fiscal year included $5.48 million in endowed scholarship support, and a total of 5,784 gifts from 2,825 donors. It also included a $325,000 gift from alumnus Terry Galanis Sr. ’40, which provided a one-time supplemental compensation to all full-time and part-time, regular non-bargaining unit employees hired before July 1, 2018.
In addition, membership in Saxon Circle – Alfred University’s five-year leadership giving society – went up by 75 members, from 452 in fiscal year 2018 to 527 last year. Of the total membership in Saxon Circle at the end of fiscal year 2019, 59 were students and 52 faculty/staff. Since the close of the 2018-19 academic year, Saxon Circle has grown further, to 548, with 60 of the founding members having joined as students and 54 as faculty/staff.