The University of Massachusetts raised more than $100 million in private funds in the 2013 fiscal year, exceeding its goal and encouraging even higher goals for the future, officials said today.
During the fiscal year, which ended in June, UMass raised $103.7 million across its five campuses. The goal had been $102.7 million, UMass said in a statement.
“We asked the Commonwealth to do more by increasing state funding for the University of Massachusetts. ... We at the same time challenged ourselves to improve our performance in the fundraising area — and breaking the $100 million mark certainly indicates that we are having success,” Robert Caret, president of UMass, said in the statement.
The funding total is a 12 percent increase from the 2012 fiscal year. The number of private gifts from individuals also increased, the statement said.
This success has encouraged UMass to raise its goal for the 2014 fiscal year to $106.8 million, the statement said.
“The campuses are doing a much better job of reaching out to donors,” said Ann Scales, a UMass spokeswoman. “I think it’s a testament to what Massachusetts residents place on the quality of education.”
UMass is also planning its first ever system-wide capital campaign. This campaign is planned to launch in 2014 and will encourage all five campuses to raise hundreds of millions of dollars to support professorships, student scholarships, building improvements, and construction, Scales said.