College of Education > News and Publications > 2018: 10-12 news > Penn State raises a record-setting $362.9 million during 2017-18 fiscal year

Penn State raises a record-setting $362.9 million during 2017-18 fiscal year

Through a campaign focused on Penn State’s impact on the lives of students and in the larger world, Penn State has achieved the strongest fundraising results in its history during the just-concluded fiscal year.

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Through a campaign focused on Penn State’s impact on the lives of students and in the larger world, Penn State has achieved the strongest fundraising results in its history during the just-concluded fiscal year. Between July 1, 2017, and June 30, 2018, Penn State alumni, friends, parents, students, grateful patients and other supporters committed $362.9 million to Penn State’s five-year fundraising effort, “A Greater Penn State for 21st Century Excellence.”
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Since the campaign began on June 30, 2016, the University has raised more than $713 million, or more than 44 percent of its $1.6 billion campaign goal. As of Oct. 2, the College of Education has raised nearly $10.9 million, or more than 62 percent of its $17.5 million campaign goal.

“We extend our heartfelt gratitude to those who have contributed to our campaign and are helping to create a better future for our students, the Commonwealth of Pennsylvania and the world,” said Eric J. Barron, Penn State president. “The campaign is tied to key priorities of the University’s strategic plan, which envisions Penn State as a global leader in areas ranging from energy, food and water security, to human health. With the partnership of our alumni and friends, we are committed to fulfilling our mission as a land-grant University and affirming our role as a truly outstanding public institution.”

This year’s fundraising totals break several existing University records for private giving in a single fiscal year. The $362.9 million raised this fiscal year has set a new record for commitments (new gifts and pledges that will be fulfilled in the future), beating out the previous record of $353.2 million raised in fiscal year 2010-11. The University also smashed the record for receipts (or cash in the door), having collected more than $322.7 million from its supporters. The previous record of $274.8 million also was set in fiscal year 2010-11.

“Penn State donors are inspired by the vision of ‘A Greater Penn State for 21st Century Excellence,’ which is to elevate Penn State’s status as a leading public university in the 21st century,” said O. Richard Bundy III, vice president for Development and Alumni Relations.

 “Our supporters have seen the campaign’s potential to fulfill the three core imperatives of a great public university — open doors, create transformative experiences and impact the world — and they want to seize this opportunity to make a difference for students, communities and the world.”

To encourage donors to support key priorities that are at the core of this campaign, Penn State offered matching dollars for specific initiatives. The response from donors was strong, with 317 newly created scholarships supporting one of Barron’s top priorities, the Open Doors initiative. Open Doors Scholarships will be directed to students participating in programs offering financial aid, mentoring and counseling, and other support to help them graduate on time and reduce their educational debt. Alumni and friends will be able to secure a 1:1 match for similar gifts through the campaign’s end on June 30, 2021. Other matching programs will continue to encourage campaign gifts from first-time scholarship donors and others.

“To be ‘A Greater Penn State,’ the University must help our students and our communities to succeed in a rapidly changing world,” said Bundy. “By investing in the campaign’s priorities, from making higher education more affordable to creating economic prosperity to building global connections, Penn State’s donors are having an impact that will go far beyond our campuses.”

To learn more about “A Greater Penn State for 21st Century Excellence,” visit greaterpennstate.psu.edu.