News and Information
Emory University
Atlanta, GA 30322

Release date: Sept. 2, 1999
Contact: Jan Gleason, Assistant Vice President, 404-727-0639, or gleason@emory.edu

Gifts to Emory Total $233.9 Million for FY99; Second-Best Year Ever

Divinity students Regina Anderson-Cloud and Bert Cloud are a married couple who seek to become parish ministers. First-year medical student Charles Perkins hopes to find new ways to combat cancer. These Emory students are well on the way to realizing their goals thanks to scholarships that so often represent the real story behind a successful fund raising year.

Gifts that provided these scholarships were among the $233.9 million in contributions Emory had received when the 1999 fiscal year came to a close Aug. 31. It was Emory's second-best year for fund raising ever.

"This tremendous year shows how great the Emory story is and how loyal and committed our friends are," says Bill Fox, senior vice president for institutional advancement. "This is a reflection of the history of the institution's relationships with alumni and friends. They make such fund raising totals possible."

This year, Emory received donations totaling $14 million from individuals, $94.5 million from foundations and corporations, and $114.9 million from trusts and bequests. "This puts Emory among the top ranks of universities nationally in terms of gifts," says Fox. "The total is exceeded only by 1997, the year we received a $295 million gift."

The Annual Fund passed $3 million for l998-99 and received gifts from l8,969 donors---both record highs. There was a 12 percent increase in the number of donors.

Several highlights of the year included two bequests and one foundation gift. The bequests included half of a $166 million trust established by W.I.H. and Lula Pitts of Waverly Hall, Ga., and a $17.4 million bequest from Reunette W. Harris. Emory is also the beneficiary of a $50 million gift from the Woodruff Foundation to the Woodruff Health Sciences Center Fund.

For more information, see the Oct. 4 issue of Emory Report at: www.emory.edu/EMORY_REPORT/er.html

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