UT Austin Breaks Single-Year Fundraising Record

Aug. 8, 2013

AUSTIN, Texas — The University of Texas at Austin has raised more money in the current fiscal year than in any previous year — $396 million, with three weeks still to go before the Aug. 31 cutoff — placing it among the top public universities in the nation.

The increased philanthropy is essential to maintaining and expanding the university's excellence in an era when funding for higher education has shifted from public to private support across much of the nation. It is drawing praise both on campus and from national philanthropic leaders.

“The UT Austin community should take great pride in this remarkable achievement,” said John Lippincott, president of the Council for Advancement and Support of Education (CASE), which supports fundraising at universities around the world.

“The year-end fundraising results place UT Austin among a very select group of universities — both public and private — receiving contributions at this level. Most important, the significant growth in philanthropic investment in UT Austin signals tremendous support among donors for the mission, the quality and the direction of the institution.”

The record giving comes as the university prepares to enter the final year of its eight-year Campaign for Texas. Highlights of this year's efforts include:

  • Almost 88,154 donors contributed, including approximately 84,830 individuals, 2,629 corporations and a record 304 foundations.
  • The donors include 35,539 individuals who are not alumni but want to support UT Austin.
  • The largest gifts include pledges of $50 million from the Michael and Susan Dell Foundation for the Dell Medical School and $25 million from Terry and Robert Rowling for a new graduate education building for the McCombs School of Business.
  • More than 90 percent of the gifts were for less than $1,000.
  • A record 208 individuals included gifts to UT Austin in their estate plans, totaling $76 million, the highest annual amount during the current campaign and the second highest annual amount in the university's history.

"These record-level gifts will directly benefit our students, support game-changing research and help us make The University of Texas at Austin the top public research university in the nation," said UT Austin president Bill Powers, who will become chair of the Association of American Universities in October. "I am grateful to the tens of thousands of alumni and friends who recognize UT Austin's excellence and want to make the university even greater. Their generosity will help generations of students."

The university has raised nearly $2.2 billion through the Campaign for Texas, which has an ambitious $3 billion goal — nearly twice as much as what was raised under the largest previous campaign in the state, which was also at UT Austin. The university is one of only three public universities to aim to raise $3 billion, a goal that remains within reach with continued strong support from alumni and friends.

The university’s previous annual fundraising high was $366 million in 2007-08.

For more information, contact: Gary Susswein, Office of the President, 512-471-4945.

7 Comments to "UT Austin Breaks Single-Year Fundraising Record"

1.  Randa Safady said on Aug. 8, 2013

Nothing speaks louder to the confidence in UT Austin than the generosity of a broad philanthropic community. Bravo and congratulations on a remarkable, record year.

2.  Larry Liberty said on Aug. 8, 2013

I’m glad the University is raking in record amounts of cash. For a moment there I thought you guys were struggling like UT staff that hasn’t seen a centrally funded salary increase for the last 5 years.

But I still want to you reach that $3 billion goal, will you accept food stamps as payment?

3.  Bear Poth said on Aug. 8, 2013

Excellent news. We have an opportunity to reach the $3B Goal !

4.  bILL said on Aug. 12, 2013

I agree with Larry: None of that money goes to support Staff! In fact, Staff is still being "consolidated" (i.e., laid off) and people are having to do the jobs of two and three staff members. Of course the faculty will eventually feel the pinch when they have to start doing their own administrative work instead of research and teaching.

5.  Mike Jansen said on Aug. 15, 2013

I am proud of the development team and those who support UT because of what the school means to them. It be a faculty member, a roommate, a staff person, or other special touch from those 40 acres that meant so much to the alumni and friends of UT. There is no such thing as a great institution...just great students, faculty and staff.

6.  bill said on Aug. 19, 2013

It's about time for UT to cut itself free from the State Legislature and become a self-supporting Institution. The legislature only funds about 11% of the operating budget as it is...a mere piddling amount of money (for which they get to claim a "State" University and also free tickets to sporting events). In my opinion, UT would fare better if it were a "private" Public University...that way it could raise its own funds and not have to worry about what the Legislature and/or the Regents will do next.

7.  Ben said on Aug. 30, 2013

You might forgive readers of this piece if they were to conclude that the University is approaching a semblance of terra firma. The reality is that tuition continues to increase dramatically, employee salaries have stagnated, competent staff are being laid off, instructional budgets have been slashed, and contrary to President Power's comments, the research reputation of UT is in grave danger. The total funds devoted for startup of new faculty in the sciences continues to be far below what is needed, infrastructure is collapsing, and matching funds - the "buy-in" required of many large collaborative funding proposals - is nearly impossible to wring from the administration. Yes, fundraising is critical, and some very good work seems to have been done in this area. Don't be mistaken, however: the Great University of Texas is a massive sinking ship, with staff and faculty morale at a 30-year low and dropping. You don't have to trust me - go ask the Provost. Without providing this important backdrop, rosey fundraising news comically papers over the University's plight and provides cover to those whose actions undermine continued excellence at the University.