University of Missouri sets fundraising record

07/09/2014 7:24 AM

07/09/2014 9:38 AM

Fundraising at the University of Missouri set a record during fiscal year 2014.

University administrators announced Tuesday that the school’s Office of Advancement raised $164.5 million, beating the previous high of $160.5 million in 2008. Last fiscal year, the university raised $137 million in pledges and gifts.

The Columbia Daily Tribune reports that $19.7 million of this year’s donations came from annual giving, which is all donations of less than $10,000.

The university said in a news release that the value of the school’s endowment funds increased by more than 13 percent this year. This year’s endowment total is $783 million through the end of March, the latest figures available.

| The Associated Press

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