Duquesne University vastly exceeds fundraising goal
June 11, 2013
When organizations launch a fundraising campaign, they often have an idea of how much money they want to bring in. Sometimes this number is lofty, as administrators hope to divert the funds to various aims, while other times it's very specific because it will be going toward a particular project.
During its 2012 campaign, Philadelphia's Duquesne University aimed to raise $150 million, the Pittsburgh Post-Gazette reported, a number that donors blew out of the water. In all, the "Advancing Our Legacy" campaign garnered more than $163.5 million from almost 64,000 individual donors and more than 2,300 organizations. Twenty of the gifts made to the university were for more than $1 million each.
Around $73 million will go toward various endowments, which include scholarships and new programs, the newspaper detailed.
The Associated Press noted that the biggest gift given during the campaign was also the largest single donation Duquesne has ever received. The estate of William Dietrich II donated $12.5 million to the university, which was appropriate as he was known for giving large amounts of money to colleges around Pittsburgh.
The school does not plan to stop there. According to the Pittsburgh Business Times, administrators next hope to raise an additional $60 million by 2016.
Nonprofit organizations that hope to benefit from large grant-giving opportunities can improve their chances of being selected for awards when they use nonprofit financial management programs. These solutions can generate data-driven reports for various stakeholders.