PROVIDENCE – Gifts and donation commitments to Brown University totaled a record $420.6 million in the fiscal year 2019, eclipsing last year’s record-setting mark by more than $31 million, according to the university Friday.
Brown said more than 31,000 donors contributed in the fiscal year that ended June 30, providing support for student financial aid, faculty research, new teaching initiatives and other programs at the Ivy League institution.
Donors gave more than $45.8 million in support of the Brown Annual Fund, which provides unrestricted financial support to areas of university life such as financial aid, research and career preparation. Brown said that the level of giving to the Annual Fund was also a record.
The 2018-2019 donations fed into the BrownTogether fundraising campaign, which had raised $2.2 billion as of June 30. The goal is to raise $3 billion by 2022.
“The generosity of our alumni, parents and friends has been truly remarkable this year,” said Sergio Gonzalez, senior vice president for advancement. “While we had some transformational gifts, and we are so grateful for those, we saw many donors at various levels step up and invest in Brown’s students and faculty, and in the University’s future.”
A record number of gifts of $25 million or more contributed to 2018-2019 total, according to Brown.
Among those was a $31.6 million gift from Diana Nelson and Brown alumnus John Atwater to support projects such as a central convening space in the under-construction Performing Arts Center, and bolstering undergraduate financial aid.
A $25 million gift from Brown alum Orlando Bravo is funding an economics research center at Brown.
Donors also contributed a record 18 gifts in the $5 million to $25 million range, Brown said.
Those donations supported initiatives such as a new center and residence hall to integrate health and wellness programs on campus and a championship-level lacrosse and soccer center. The donations also enabled the university to establish 12 new endowed professorships in fiscal 2019.
Other gifts supported The Brown Promise, which has removed loans from all undergraduate financial aid packages at Brown and replaced them with scholarships.
William Hamilton is PBN staff writer and special projects editor. You can follow him on Twitter @waham or email him at email@example.com.