Outpacing a sluggish economy, the University of Virginia saw promising fundraising results during the 2011-12 fiscal year.
The University took in $245.5 million in philanthropic giving during the fiscal year that ended June 30 – a 7 percent increase over the previous year and a 20 percent increase from fiscal 2010, said Robert D. Sweeney, senior vice president for development and public affairs.
Such contributions are an integral part of the University's operations, particularly as other sources of funding recede.
"We've had some exceptional years that are a testament to our community," Sweeney said. "There are many generous gifts within our past year's results, but no one gift that would have skewed the numbers upward. This was just a good, solid fundraising performance across the entire University community."