KU Endowment has record year of donations

ku campus

LAWRENCE, Kan. (AP) — The University of Kansas Endowment had another record-setting year in fiscal year 2013.

The endowment announced Tuesday it received $174.2 million for the year, an 11 percent increase over last fiscal year’s total of $156.5 million. It was the sixth fiscal year the endowment broke the record from the previous year’s fundraising

The funds pay for scholarships, professorships, facilities, research and other programs at The University of Kansas and the University of Kansas Hospital.

The Lawrence Journal-World reports (http://bit.ly/1b4LiPI ) most of the donations were earmarked for specific purposes, with just $2.6 million given as unrestricted funds.

The fundraising year helped the endowment get closer to a goal of raising $1.2 billion by 2016. So far, the endowment has raised $923 million toward that goal.


Information from: Lawrence (Kan.) Journal-World, http://www.ljworld.com

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s