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Community support reaches new high
Philanthropic support of MUSC jumped 39 percent during fiscal 2005,
with the university reporting a record $48.1 million in gifts, pledges
and matching funds collected between June 30, 2004, and July 1.
Fund-raising growth at MUSC far outpaced the national growth
rate. Nationally, charitable giving rose 5 percent to $248.52
billion during calendar 2004, a record for philanthropic giving in the
United States, according to a report released in June by the American
Association of Fundraising Counsel.
MUSC received a total of 18,671 gifts during the year, provided by
11,072 donors, almost 20 percent more donors than the previous
year. Broken down by dollar amount, the largest portion of these
gifts—more than $19 million—came from individual donors, a broad mix of
former patients, alumni, staff and other supporters. The year’s largest
single gift—conservatively valued at $5.4 million—came from one such
individual, a South Carolina businessman and entrepreneur.
Meanwhile, gifts and matching funds from foundations and nonprofit
organizations exceeded $20.4 million, and corporate contributions
totaled almost $8.2 million. More than $893,000 of the year’s
fund-raising total came from employees of MUSC and its
affiliates.
University President Ray Greenberg, M.D., Ph.D., said the growth in
philanthropic support came at a particularly advantageous time for
MUSC.
“Over the past few years, the Medical University has enjoyed several
unique opportunities to strengthen its academic, patient care and
research environment. In many cases, private gifts allowed us to
leverage these opportunities into tangible results that will have
far-reaching benefits for citizens throughout the entire state,”
Greenberg said. He cited the new Charles P. Darby Children’s Research
Institute, the Hollings Cancer Center expansion and five recently
established Research Centers of Economic Excellence as examples of
projects that were funded in large part by philanthropic dollars.
“We are extremely grateful to the people who have helped make these and
so many other projects possible,” said Greenberg.
Greenberg added that philanthropy would continue to play an important
role in the university’s plans for the future, which include the
development of a new medical center, a new College of Health
Professions complex, a new dental education facility and two recently
approved Research Centers for Economic Excellence. To help pay for
these and other projects, MUSC is preparing to launch its first
campuswide capital fund-raising campaign in nearly 20 years.
Friday, Aug. 19, 2005
Catalyst Online is published weekly,
updated
as needed and improved from time to time by the MUSC Office of Public
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for the faculty, employees and students of the Medical University of
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Carolina. Catalyst Online editor, Kim Draughn, can be reached at
792-4107
or by email, catalyst@musc.edu. Editorial copy can be submitted to
Catalyst
Online and to The Catalyst in print by fax, 792-6723, or by email to
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or catalyst@musc.edu. To place an ad in The Catalyst hardcopy, call
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Press at 849-1778.
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