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Campus News
Your faculty and staff news since 1965
Current Issue: August 25, 2003
Volume 39, Number 3

UNM Foundation establishes new mark in private support

The UNM Foundation announced it received more than $42 million in private funds during the 2002-03 fiscal year. The record-setting figure constitutes a 4.5 percent increase over the previous fiscal year, which brought in a then-record $40 million. UNM has seen an increase in private donations five consecutive years.

Nationally, educational contributions have been declining. In the 1990s, contributions rose by more than 10 percent per year. However, contributions have declined over the past several years, but not at UNM, according to Leslie Elgood, UNM Foundation president and Development director.

“Like all universities, UNM depends on support from the private sector to advance and achieve excellence,” said Elgood. “This past year and the last several years demonstrate that our philanthropic community truly understands the importance of investing in the value of higher education.”

For the first time in its history, UNM received gifts of $1 million plus from three living individuals, including one gift of more than $2 million.

The UNM Foundation is an incorporated not-for-profit organization with the responsibility to receive, invest and distribute gifts of private support to UNM. For information call 277-4503.T