Davidson College Achieves Record $130.8M Fundraising

TL;DR

Davidson College celebrated a historic fundraising achievement, collecting $130.8 million in the fiscal year ending June 30, 2024. This total surpasses the previous record by over $15 million and includes significant contributions to scholarships, the endowment, and various campus projects.

Davidson College has set a new benchmark in its fundraising efforts, amassing a record-breaking $130.8 million during the 2023-2024 fiscal year. This achievement highlights the strong support from alumni, families, and friends, underscoring their commitment to the institution's future and its students.

Major Contributions and Initiatives

The fundraising efforts were bolstered by significant contributions across various sectors of the college. Notably, $19.4 million was allocated to The Fund for Davidson and $31.8 million to the college’s endowment. Scholarships received over $15.5 million, supporting the college's commitment to need-blind admissions and loan-free financial aid. The athletics department raised $8.6 million, aiding Davidson's 21 Division I programs. Additionally, the upcoming George Lawrence Abernethy Library transformation project has secured over 85% of its anticipated costs.

Women ACT and Alumni Engagement

The launch of the Women ACT initiative in November, celebrating over 50 years of coeducation at Davidson, marked a significant milestone. This initiative exceeded its $10 million goal, raising over $11 million. Contributions came from a diverse group of donors including women alums, family members, and board members. The alumni giving rate remains in the top five nationally, at 41%, illustrating the deep engagement and loyalty of Davidson's alumni community.

Impact and Future Outlook

The record-breaking fundraising year not only underscores the financial health of Davidson College but also sets a positive trajectory for future projects and initiatives. President Doug Hicks expressed gratitude and optimism, looking forward to leveraging these funds to enhance student experiences and academic programs. The sustained financial support from the Davidson community is pivotal as the college continues to strive for excellence in higher education.

Davidson College's record fundraising achievement reflects a robust community eager to support its educational mission and student body. With strategic initiatives like Women ACT and substantial contributions to scholarships and facilities, Davidson is well-positioned to continue its legacy of excellence and innovation in higher education.

Notable Quotes

"What a year for Davidson College! Record-breaking totals reflect the loyalty and commitment of our community." - President Doug Hicks

"Find us a better group of alums and families … we’ll wait." - Deidra Smith, Senior Director of Alumni and Family Engagement

Powered by
Content Flywheel
Built by
SchoonLabs