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Philanthropic support of MUSC tops
$63 million
For the
second consecutive year, philanthropic support of MUSC exceeded the $63
million mark during fiscal year 2007, according to figures released by
the school’s Development Office.
Between June 30, 2006, and July 1 MUSC received more than $63.6 million
in contributions. The largest portion of this amount (more than $25.5
million) is from gifts and matching funds from foundations and
nonprofit organizations. More than a third
(almost $22.8 million) came from individual benefactors including
patients, alumni and other supporters. Businesses and corporations
contributed $15.3 million, an increase of 7.7 percent from the previous
year. Although MUSC is considered a state-assisted
institution, state support only accounts for approximately 7 percent of
MUSC’s annual operating costs.
“Philanthropy helps minimize the impact of that shortfall, and provides
funds for everything from scholarships and endowed chairs to new
buildings and facility upgrades,” said Jim Fisher, MUSC’s vice
president for development. Fisher also reported a record number of
donors (10,916) and gifts (18,115) this year, noting that the increases
indicate a growing base of support for the medical university and its
mission.
“Like every other university, we have always depended on our alumni for
philanthropic support, and we always will,” Fisher said. “What’s
interesting is that we are receiving so many gifts from outside that
traditional circle of supporters, from people who view the medical
university as a vital health resource for the entire state, as well as
an educational institution.”
MUSC currently is planning a campuswide capital campaign to help
strengthen its full range of academic, research and patient care
enterprises.
“We are extremely grateful for the confidence and generosity people
have extended to the medical university,” Fisher said. “We’re certainly
hopeful that this trend will continue on an upward path, as the
university continues to grow and touch people’s
lives in a positive way.”
Friday, Sept. 14, 2007
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