Western Kentucky University announced Monday that it achieved record-breaking totals in cash donations during the recently completed fiscal year.
According to Tom Hiles, WKU’s vice president for Institutional Advancement, WKU received $19 million in cash from July 1, 2009, through June 30, 2010. This represents a 39 percent increase over cash received during the previous year and is the highest total ever received by the University in any given year. Gifts from WKU alumni increased 45 percent, from $3.8 million in 2008-2009 to $5.5 million in 2009-2010. In addition, gifts from corporations increased 50 percent, up to $9.6 million from last year’s total of $6.4 million.
“When Gary Ransdell became president in 1998, WKU was raising about $3.5 million each year,” Hiles explained. “This dramatic achievement is a testimony to Dr. Ransdell’s longevity with WKU and his vision to transform the University. Equally important, our alumni and friends have invested in that transformation taking place on the Hill.”
President Ransdell said the University's fund-raising achievements have helped pave the way in meeting WKU’s overall goals for national distinction. “Our shared success in partnering with private donors has been a primary force behind the definitive transformation of WKU to a leading American university with international reach,” he said. “We are exceedingly grateful to all of our donors.”
Belle Hunt of Bowling Green, Ky., chair of the WKU Foundation Board of Trustees, expressed her appreciation for this achievement. “What a remarkable year we had, especially during troubling economic times,” she said. “The numbers speak to the extreme generosity of the people who love and support WKU.”
In addition, Hiles said the total for WKU’s New Century of Spirit Campaign, which runs through June 30, 2012, stands at $162 million toward its $200 million goal. “Most significantly, these funds represent meaningful support for scholarships, faculty support and selected capital projects,” he said. “We are very grateful for the continued generous support of our alumni and friends.”