UT System reaches record donations of more than $430 million
UT Knoxville led the campuses with $332 million raised, a sum which includes $18.9 million from the UT Institute of Agriculture.
The University of Tennessee (UT) Foundation Inc. reached a pinnacle fundraising mark in fiscal year 2024 as commitment totals surpassed $400 million for the first time in UT System history. This surpasses the previous record of $397 million set in fiscal year 2018.
“We celebrate this milestone alongside the more than 86,000 alumni and friends who pledged their support for opportunity, growth, and the future of higher education,” said UT Foundation President Kerry Witcher. “The philanthropic passion of our donors, coupled with the academic excellence throughout our campuses and institutes drives our mission forward and will impact students for future generations.
In fiscal year 2024, the UT Foundation raised $430,338,113. This collective total consists of $60 million raised at UT Chattanooga, $24 million at the UT Health Science Center, $332 million at UT Knoxville (which includes $18.9 million from the UT Institute of Agriculture), $6 million at UT Martin, and $6 million at UT Southern.
The totals include $55.8 million designated for student scholarships and record-breaking fundraising at UT Chattanooga, UT Southern, and UT Knoxville.
The year is highlighted by a transformational gift at UT Chattanooga that will renovate and expand Fletcher Hall, home to the Gary W. Rollins College of Business in conjunction with funding support from the Tennessee General Assembly.
A gift of 600 acres, bequeathed by the late Dr. Bruce Wilson, marked the largest gift in UT Southern history, and UT Knoxville closed out the year with the naming of the Natalie L. Haslam College of Music, honoring one of the university’s most generous benefactors.
“I am incredibly proud of our dedicated team across the university, whose hard work and passion have driven us to this historic milestone,” said UT System President Randy Boyd. “I’m incredibly thankful to our alumni and donors for their unwavering belief in the future of UT. Their generosity and support make this achievement possible, and we are excited to continue building a brighter future together as we make this the greatest decade in the history of UT.”
The surge in fundraising was supported by a record 86,751 donors across the UT System, a net increase of 160 donors compared to the previous year. At the close of FY 2024, the UT System boasted 439,807 alumni, of which 67 percent have remained connected to the university through events, philanthropic initiatives, and activities.
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