Wednesday, June 17, 2015
At $6.3 million, the Mercyhurst University Office of Institutional Advancement recorded its greatest fundraising year in history, and positioned itself to meet its capital campaign goal three years ahead of schedule.
Fiscal year 2014-2015 also saw growth in unrestricted gifts to the Mercyhurst Annual Fund, aided in large part by a $250,000 challenge match gifted by an anonymous donor. The match incentivized giving during the university’s Giving Day held May 5, when 300 contributors gave more than $60,000.
In all, the number of donors to the university grew by nearly 500 individuals over the prior year.
“Our advancement office and our donors went all-out this year setting records for total giving to the university,” said Mercyhurst University President Tom Gamble. “The generosity of our donors allows many more students to benefit from a Mercyhurst University education than would otherwise be the case and, for that, we and our students are very grateful."
Among the highlights of this year’s fundraising efforts, the university raised $1.1 million toward its endowment. One of the endowed scholarships came from the Class of 1965, which raised more than $50,000 in cash and pledges to establish a scholarship in the name of their class. In addition, several others in the 50-year class elected to include Mercyhurst in their estate planning, bringing the estimated total to nearly $300,000.
The year’s success also bolstered the engage.enrich.envision capital campaign that currently sits at more than $47 million on a $50 million goal. The campaign is on track to finish in either late 2015 or early 2016 — a full three years ahead of schedule.
Other highlights include the creation of new endowed scholarships, which provide critical financial assistance for Mercyhurst students; the seed gift for an endowment for the Career Path Program of the Autism/Asperger Initiative at Mercyhurst; a new scholarship created for students studying abroad; and crossing the $400,000 mark in funds raised for the restoration of Christ the King Chapel.
“It was a very good year,” noted Msgr. David Rubino, vice president for external affairs. “The support of our alumni, trustees, parents and friends has truly been incredible. We work tirelessly with these wonderful supporters to help our current students and future generations of Mercyhurst students who will follow in their footsteps.”