$52.2 million: Another record for UofM fundraising
July 19, 2022 — The University of Memphis secured a record $52.2 million for fundraising for the fiscal year which ended June 30, including a trio of records of $29.1 million for academics, $23.1 million for athletics and $18.2 million for endowments. The previous overall record was $44.1 million in fiscal year 2019.
The $29.1 million for fiscal year 2022 for academics eclipsed consecutive records of $26.5 million in 2021, $26.3 million in 2019 and $23.1 million in 2018. The totals include gifts of cash, pledges and planned gifts from alumni, friends, corporations and foundations to the University of Memphis Foundation.
“Students are the heart of the University of Memphis while donors are our lifeblood,” said UofM President Bill Hardgrave. “There is tremendous momentum at the UofM as a Carnegie R1 institution, and it is extremely impressive that records were set in four areas: overall fundraising, academics, athletics and endowments. On behalf of the entire University of Memphis community, I want to stress our deepest appreciation for the generosity and continued support of our loyal donors.”
The previous record for athletics was $19.2 million in 2015 while the prior record for endowments was $15.4 million last year.
“The generosity of our donors makes a real and meaningful difference every single day,” said UofM Vice President for Advancement Joanna Curtis. “Gifts provide scholarships that make it possible for outstanding students to continue their studies, help us build state-of-the-art facilities with technology and resources our students need, and fund research that is vital to our world, nation, region and city.”
Private contributions impact the lives of students and improve the educational experience at the University of Memphis.