USC private giving up 9.4 percent
The University of South Carolina received unprecedented donor financial support that lifted private giving to a record $117.6 million for the year ending June 30, 2010. This amount is a 9.4 – percent increase above 2009’s total of $107.5 million. More than 47,000 donors made gifts and pledges, also a record.
This new fundraising milestone comes at a time when The Chronicle of Philanthropy, after citing a 6-percent drop in charitable giving to education in 2008, is reporting a 3.2-percent decrease for education in 2009.
“This year’s campaign success is validation of donor confidence in the university’s core mission of teaching, research and outreach,” USC President Harris Pastides said.
“Just as the baseball team came through when its back was against the wall in Omaha, our University of South Carolina alumni and friends came through with unprecedented support during a very difficult budget year,” Pastides said.
Among the gift highlights: $65.1 million in program enhancements for research and outreach; $29.8 million in scholarships, assistantships and fellowships; $13.5 million in capital projects; $5.3 million in unrestricted gifts; and $3.9 million for faculty support, including endowed professorships and chairs. University staff, faculty and retirees contributed $2.7 million. Private gifts also played a key role in shaping the newly dedicated Ernest F. Hollings Special Collections Library.
Michelle Dodenhoff, university vice president of development and alumni relations, said donors know that their gifts will make a real difference for students, faculty, programs and capital needs.
“It’s humbling to me to see how many alumni, friends, foundations and other partners have illustrated their confidence in the great work and promise of our university by maintaining or increasing their support this past year,” Dodenhoff said.
One of the many beneficiaries is The Gamecock Guarantee, which provides financial support to in-state, first-generation students with the greatest need for financial assistance. The program grew from 96 freshmen its first year to 125 last year.
Gamecock Guarantee recipient and Honors College student Chadwick Devlin from Anderson said, “Without the Gamecock Guarantee and the financial resources it provides, I would not be able to reach my greatest potential.”
Private giving, by the numbers
- $65.1 million in program enhancements for research and outreach
- $29.8 million in scholarships, assistantships and fellowships
- $13.5 million in capital projects
- $5.3 million in unrestricted gifts
- $3.9 million for faculty support, including endowed professorships and chairs
- $2.7 million from staff, faculty and retirees