POSTED: 11:44 a.m. HST, Aug 22, 2013
LAST UPDATED: 12:25 p.m. HST, Aug 22, 2013
The University of Hawaii Foundation raised $66.3 million for the year ended June 30, down slightly from last year’s fundraising totals.
The nonprofit organization raises private money to support the university’s 10 campuses statewide.
The foundation said the majority of donations — 99 percent — are donor-directed.
Nearly $17 million was raised for student aid and approximately $11 million was pegged for faculty and academic support.
Most of the money — $29.6 million — came from individual donors who are not affiliated with UH by way of being an alumnus, employee, student or parent.
Alumni contributed close to $15 million, while foundations gave $8.6 million and corporations donated $6.6 million.
“The donors we work with are inspired, strategic philanthropists. We are humbled and grateful for their generosity, and know that the investments they have made in students and programs on all 10 UH campuses will make a positive and lasting impact,” foundation president and CEO, Donna Vuchinich, said in a statement.
The foundation last fiscal year raised $66.9 million.