Setting a university record for total cash received—$104 million—Yeshiva University just closed the books on one of the strongest fundraising years in its history. The university received 30 new gifts of $1 million and above, the largest such number in its history, a trend powered in part by last year’s $100 million gift from former YU board chairman (now chairman emeritus) Ronald P. Stanton. Overall, more than 10,700 gave to the university, their gifts adding up to $146.8 million in total philanthropic funds.
The success of 2007-08 compounds that of the previous year: over two years, Yeshiva University has raised more than $300 million in new pledges and cash. Reflecting their increasing support for the university, the percentage of alumni giving in university-wide cash gifts this year has almost doubled from 2006-07.
“This is in many ways an even stronger year than the previous one,” President Richard M. Joel said. “Mr. Stanton’s gift clearly has helped to motivate other supporters, with the extraordinary results that you see. We are grateful to all our supporters. Their gifts—no matter what the size—enable YU to bring on board the brightest minds and graduate the most committed community members. We often speak of YU as enabling and ennobling our students’ greatness—and clearly, our supporters are doing just that.”
(Source: 5 Towns Jewish Times)