University of Missouri sets fundraising record
COLUMBIA (AP) - Fundraising at the University of Missouri set a record during fiscal year 2014.
University administrators announced Tuesday that the school's Office of Advancement raised $164.5 million, beating the previous high of $160.5 million in 2008. Last fiscal year, the university raised $137 million in pledges and gifts.
The Columbia Daily Tribune reports that $19.7 million of this year's donations came from annual giving, which is all donations of less than $10,000.
The university said in a news release that the value of the school's endowment funds increased by more than 13 percent this year. This year's endowment total is $783 million through the end of March, the latest figures available.