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Duke Donations Top $349 Million in 2010-11
Durham, NC - Duke University received philanthropic contributions from a record 106,423 donors between July 1, 2010, and June 30, 2011, and their gifts totaled $349,657,667, the third highest cash total in Duke's history.
New commitments for the year -- a combination of new gifts and new multi-year pledges -- totaled $436 million, a 45 percent increase over the previous year.
Meanwhile, the Duke Annual Fund set records for both the number of donors and the total amount raised in 2010-11, with contributions from 46,705 alumni, parents, students and friends totaling $27.9 million. Gifts to the Annual Fund provide flexible operating support for Duke, which helps to cover the cost of financial aid, faculty support, educational programming, and the operations of the libraries, gardens, chapel and museum.
"The tremendous devotion of Duke's supporters is both inspiring and humbling," said Duke President Richard H. Brodhead. "Philanthropic support has played a critical role in making Duke the university it is today, and the contributions we received this year will benefit our campus and community well into the future. I am deeply grateful to Duke's alumni and friends for their generosity and for the opportunities that their gifts make possible."
The Duke Endowment, the Charlotte-based charitable trust established by university founder James B. Duke, was the largest single contributor to the university in 2010-11, giving more than $40 million to support the medical center, faculty initiatives, outreach programs and other Duke priorities. In addition, The Duke Endowment announced in March its intention to contribute $80 million over several years. The commitment is the largest in Duke's history, and will be used to transform the student union and renovate two landmark facilities -- Page Auditorium on West Campus and Baldwin Auditorium on East Campus.
Other significant multi-year commitments announced in 2010-11 include a $6 million grant from the Andrew W. Mellon Foundation to revitalize humanities education; a $15 million commitment to the School of Nursing from Duke alumnus J. Michael Pearson in honor of his wife, Christine; and a $10 million commitment from the Wallace H. Coulter Foundation to endow the Duke Coulter Translational Partnership in biomedical engineering.
After three consecutive record-breaking years, culminating with a $386 million cash total in 2007-08 as Duke's Financial Aid Initiative was nearing its conclusion, contributions fell to $302 million in 2008-09. Giving rebounded to $346 million in 2009-10 and continued upward in 2010-11.
"Philanthropic support from alumni and friends makes so much possible at Duke," said Robert S. Shepard, vice president for alumni affairs and development. "These gifts help sustain our core commitments, such as financial aid, and allow the university to continue its forward momentum â from recruiting top faculty and students to creating new programs in response to a changing world."
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