The University of Illinois has hauled in a record amount in private donations.
It was $428 million for the just-concluded fiscal year, the first time private fund-raising at the U. of I. has topped $400 million in a year. The previous high was $367.4 million in Fiscal Year 2007.
Don Kojich, vice president of the University of Illinois Foundation, says there were some large gifts. “An example is the Grainger Foundation contributed $100 million to the College of Engineering here on the Urbana campus in January, it includes money for the State Farm Center, which we’re continuing to raise money for, scholarships and the like,” he said.
Kojich says most of the money comes with strings attached: The benefactor has specified that the money be used for a specific purpose. The uses range from buildings, facilities and equipment to scholarship funds or endowments for professorships and so on.
The dollar figure includes donations directed at all three University of Illinois campuses, for all purposes. The number of donors to the U. of I. last year was 144,820, up 2 percent from the previous year.