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
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