Yale raised $826.8 million in 2018-2019, second highest yearly total
Yale raised $826.8 million in new gifts and commitments in the fiscal year ending June 30, 2019 — an amount second only to the $861.9 million raised by the university in the final year of the last fiscal campaign.
“I am delighted to share great news about the support we have received for our work in realizing Yale’s mission to improve the world today and for future generations,” said Yale President Peter Salovey in an email to the campus community on Sept. 5.
“These fundraising achievements are a thrilling endorsement of the academic priorities we set together as a university, and that I announced in 2016,” he added. “From scholarship on our democracy to research on how the universe began, our faculty and students are working collaboratively, boldly, and wisely to solve some of the greatest challenges in our nation and the world.”
Of the total, $662.8 million was in cash commitments — setting a record for cash raised in a single year. The previous record was $600.3 million. As part of the total amount raised, the Yale Alumni Fund set a new record of $42.9 million in annual gifts supporting Yale College, the Graduate School of Arts and Sciences, and the 12 professional schools.
More than 46,000 alumni, parents, and friends helped raise the $826.8 million. Giving was strong from alumni across all decades, including Yale College reunion classes. Six classes ranked in the top 10, all-time, for their respective reunions, and three of these classes set records.
The monies raised endowed 11 professorships in 2019 for faculty members in fields ranging from architecture to the environmental sciences, global affairs, medicine, and more. In addition, $100.9 million was directed to financial aid: $38.7 million for undergraduates and the balance for students in the graduate and professional schools. “This will help Yale to continue to welcome and provide unparalleled educational opportunities to the most promising students of all backgrounds — future leaders who will work for a better world,” said Salovey.
Overall, $435 million, or 53% of the total money raised, was directed to the endowment, the key resource supporting professorships, scholarships, curriculum development, and other essential functions of the university. “Our expertly managed endowment will sustain Yale’s current operating levels,” said Salovey, “and strong fundraising results, like this year’s, will ensure that we will be able to weather economic downturns and to recruit and retain transformative faculty members, expand financial aid, and further enhance our academic programs.”
Salovey thanked both those who gave generously to Yale and those who supported its fundraising efforts. “Year after year, the generosity of this community is a vital resource for students, faculty, and staff, who work tirelessly to contribute to the world through scholarship, education, preservation, and practice. … The Yale community is extraordinary — ready and able to set a foundation commensurate in strength to the height of the aspirations it supports.”