FOR IMMEDIATE RELEASE
October 3, 2019
Contact: Tom Schaeffer
BU Foundation raises more than $10 million
BLOOMSBURG--The Bloomsburg University Foundation raised more than $10 million in new gifts and pledges in the fiscal year 2018-19, a 69 percent increase over the prior fiscal year. The support funded 971 scholarships, 19 of which are new, and 181 professional experiences for students.
“I can’t thank our donors and Foundation Board of Directors enough for their generosity and support,” said BU President Bashar W. Hanna. “This level of philanthropy demonstrates the BU community’s steadfast commitment to our mission of creating opportunities for our students.”
The $10 million-dollar year comes just two years after the completion of the record-breaking It’s Personal campaign, during which the university raised more than $62 million.
“This year, more than ever before, our community has shown that we realize just how much every gift, no matter the size, impacts student success,” said BU Vice President of Advancement Erik Evans. “Typically, in the years immediately following a major campaign, you see a decrease in giving. That’s what’s so exciting about this achievement – the momentum we are building.”
Notable philanthropic highlights from the year included a $500,000 gift from SEKISUI SPI to create a Professional Experience Lab for students in downtown Bloomsburg; a $400,000 gift from BUF Board member Steve Jones ’83 to establish four new Professional U faculty fellowships that will provide students with opportunities to collaborate directly with faculty on experiential learning and research; and a $2 million blended gift from the estate of Mitzi Bryfogle that provides operating support for BU’s Anchor Program, which serves teens aging out of the state foster care system.
In addition to these highlighted gifts, alumni and friends together supported the university’s first-ever Giving Tuesday initiative last November to raise more than $20,000 in one day while in May, more than a third of graduating seniors made a gift to support the university before receiving their diplomas.
Overall, more than 4,700 donors gave gifts in the 2018-2019 fiscal year to increase the foundation’s endowment to $57 million and the total assets to $79 million. Gifts from donors also provided nearly $1.9 million in immediate-use funds, which will allow the university to respond to the unexpected needs and challenges faced by students.
The Bloomsburg University Foundation is a 501 (c) (3) organization that serves as the fundraising arm of Bloomsburg University, providing opportunities and financial resources in support of Bloomsburg University of Pennsylvania and its students.