$740 million in reported 2012-2013 fundraising dwarfs previous high
Published: Monday, September 16, 2013
Updated: Monday, September 16, 2013 23:09
Donations to Texas A&M from Sept. 1, 2012, to Aug. 31, 2013, reached an all-time high for the University at more than
According to a University press release, the donations are more than $300 million more than any other 12-month period reported, making the University among the top fundraising institutions in national rankings of higher education. The funds are nearly double what the University of Texas received in the same period.
Kathryn Greenwade, vice president of the Association of Former Students, said the Texas A&M Foundation, the Association of Former Students, the 12th Man Association and the Bush School collectively raised the funds, along with former students and other members of the Aggie network.
The drastic increase in donations is suspected to have resulted from, amoung other causes, Texas’ thriving economy and energy business. Greenwade said she believes the rise in funds can be attributed to former students who are proud of the University’s recent successes and have had some success of their own.
“I think we’re at a time where there’s a lot of positive news about Texas A&M,” Greenwade said. “Aggies feel good about Texas A&M and there’s an all-time high in pride. I think it speaks to the generosity of Aggies and it speaks to the success of Aggies [because they] are in the position to give back.”
Greenwade said the majority of the funds are restricted by the donors, which means they are directed to be used in a certain manner, whether it be for a certain scholarship or for the Kyle Field renovation.
“The money [the Association of Former Students] raises is unrestricted,” she said. “We work with the University to figure out how it may be utilized.”
Because state support has declined, Greenwade said an increase in private funds increases in significance to the University every year.
“It’s very important to the University to strive for excellence and move toward what we want this University to be,” she said. “We want to be the top public University in the nation.”