Posted on Monday, September 12, 2011
¾¨Ó㴫ý raised more than $5.2 million during the past fiscal year (July 1 - June 30), a 25% increase over the previous year.
More than 5,100 friends invested in ¾¨Ó㴫ý, including 3,721 alumni. ¾¨Ó㴫ý's 26% alumni participation rate was well above the 9.6% average for all colleges and universities.
"We are blessed to have alumni and friends who remain engaged and committed to ¾¨Ó㴫ý," said ¾¨Ó㴫ý President Dr. Richard Dorman. "The generous support of our donors enables ¾¨Ó㴫ý students to receive an educational experience that is second to none and to enjoy the many benefits that an independent, small liberal arts college has to offer."
¾¨Ó㴫ý alumni give much more than money, according to Gloria Cagigas, vice president for institutional advancement. "¾¨Ó㴫ý alumni are extremely generous in sharing their time and talents with our students. Through nominated merit scholarships and referrals, our alumni help recruit about 30% of each incoming class."
The ¾¨Ó㴫ý Fund, ¾¨Ó㴫ý's annual giving program, raises funds each fiscal year from alumni, parents, friends, corporations and foundations to support scholarships, academic departments, library resources and athletic programs. The ¾¨Ó㴫ý Fund totaled $1,269,820 last year, a 7.5% increase over the prior year.
Approximately 98% of ¾¨Ó㴫ý students receive scholarship assistance. The income from tuition and student fees covers approximately 70% of the cost of a ¾¨Ó㴫ý education. The gap is funded by the College with endowment revenue and contributions to the ¾¨Ó㴫ý Fund for unrestricted support and scholarships.
Contact Cagigas at (724) 946-7368 or email for more information about ¾¨Ó㴫ý's Institutional Advancement division.
