Emory gifts exceed $64 million in FY96

For the fiscal year ending Aug. 31, 1996, Emory received $64.4 million in gifts, exceeded in recent years only by the two final years of the $400-million, five-year Emory Campaign, when the University received $68.64 million and $72.76 million,

respectively. The $64.4 million total for the year just past includes $6.8 million in gift awards that were processed by the Office of Sponsored Programs.

"In the previous year, Emory enjoyed an extraordinarily large number of major gifts intended for inclusion in The Emory Campaign," said Bill Fox, vice president for Institutional Advancement. "To continue a level of giving this past year at near-campaign-year levels speaks volumes of the ongoing commitment of our many friends and supporters."

This year Emory received gifts totaling $11 million from individuals as compared to $17.35 million last year; $32.2 million this year from organizations compared to $47.49 million last year; and $14.4 million this year from trusts and bequests compared to $7.92 million last year.

The area of trusts and bequests one in which Emory fundraisers see a great deal of potential. "People are more aware of their ability to make gifts and receive income from those gifts as well as tax benefits," said Jack Gilbert, associate vice president for planned giving and leadership development. "Additionally, we are getting the word out that people can plan estate gifts and trusts through this office, and they are taking advantage of our services," he said. Gilbert also noted the level of interest in supporting particular schools at Emory is increasing.

This year Emory received 27,919 gifts, an increase of 6 percent over FY95. One of the major individual gifts that Emory received this past year was a $5 million gift from former Coca-Cola executive Claus M. Halle and his wife, Marianne. The gift will be used to create a new Institute for Global Education that will seek to produce a new, international culture for the University.

--Jan Gleason

Return to the October 21, 1996 contents page