Duke Continues to Receive Record Breaking Donations

Duke University has yet again surpassed its previous impressive fundraising efforts by setting a new record-high – $441.8 million in donations for the 2013-2014 fiscal year (up 7.5% from the last year). Their number of donors went up, from 109,013 to 110,962.

What’s The Recipe For Success?

According to a story from The Durham News, the consistent increase in donations can be attributed to the continued support of both alumni and friends of the university. Duke President Richard H. Broedhead said, “The generosity of Duke alumni and friends expands the potential of what Duke can do – creating transformative opportunities for our stellar faculty and students and providing resources for them to continue engaging with global problems.”

It’s All About The Relationships!

It’s clear that Duke has been doing a phenomenal job keeping both their alumni and trustees engaged, fostering their desire to give back to the university. This can clearly be seen as alumni, parents, students and friends of Duke all contributed to a $35 million donation to the Duke Annual Fund which helps cover the cost of financial aid, faculty support and educational programming for all of Duke’s undergraduate, graduate and professional schools, as well as the operations of the libraries, Duke Gardens, Duke Chapel and Nasher Museum of Art.

Among other notable contributions, alumni J. Michael and Christine Pearson made the largest single gift to Duke in 2013-14, a commitment of $30 million to the Pratt School of Engineering to advance engineering and science education across the university. These contributions are only a few of the other large donations made to the university by alumni and friends – all of which show the value and importance of maintaining relationships with constituents.

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