Release date: Oct. 22, 2002
Contact: Nancy Seideman, Director, University Media Relations,
at 404-727-0640 or nseidem@emory.edu

Emory Raises $210 Million in Fiscal Year '02

Emory University raised more than $210 million during the fiscal year ending Aug. 31 despite challenges presented by an economic recession and a shift in national philanthropic priorities over the past year.

The total marks a significant achievement in difficult economic times, and without the impetus of a capital campaign, according to William H. Fox, Emory senior vice president for Institutional Advancement.

"I am not an economist, but this seems to me to be one of the shakiest times economically that I have known," says Fox. "If our endowment is shrinking, then so are the endowments of foundations---and a university depends a great deal on its foundation gifts for its fund raising. Many philanthropic organizations have indicated they will be giving less, and yet, in this environment, we still had a spectacular year." Nearly $1.75 billion has been raised by Emory during Fox's 11-year tenure. In FY01, Emory raised a record $297.8 million.

Of Emory's $210,372,283 fund raising total for FY02, $167.8 million came from organizations: corporations and corporate foundations, private foundations, etc. More than $10.5 million was donated by individuals (a total of 26,644 donors), and another $13.8 million came from trusts and bequests.

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