KU Endowment receives more than $257M, 2nd highest total in history
photo by: Nick Krug
The University of Kansas Endowment has experienced its second-highest philanthropic giving totals in university history, according to a news release Tuesday from Endowment.
Alumni and friends invested $257.4 million during the 2018 fiscal year. Donors designated 98 percent of this total for specific purposes, according to the release.
“Once again, Jayhawks have answered the call to help KU reach its aspirations. Their generosity reflects their pride in this university and their desire to invest in its future,” said Dale Seuferling, president of KU Endowment.
Another highlight of the 2018 fiscal year was the amount KU Endowment provided in direct support to the university – $191 million, a new record, the release said. This amount represents payments from expendable gifts and the income of endowed funds.
According to the release, this support strengthened every aspect of the institution through funding for scholarships and fellowships for students; professorships and faculty awards; academic program enhancements; promising research; and new facilities and renovations.