Lycoming College has wrapped up the 2018-19 fundraising year, calling it the most successful in the institution’s history. With the support of more than 4,248 donors, Lycoming received $9.2 million in outright gifts this fiscal year, which ended on June 30, 2019.
This is nearly $3 million more than any prior year and marks the fifth consecutive year of setting a new high for outright gifts in a fiscal year.
Through the generosity of its donors, Lycoming has been able to introduce new majors and academic programs such as biochemistry, energy studies, entrepreneurship, and neuroscience that address important 21st-century issues while providing a high-impact liberal arts and sciences education.
Other notable points for the fiscal year include:
24% of alumni made a gift to their alma mater
Over 3,500 donors supported the Lycoming Fund with gifts totaling more than $1.5 million
$4.7 million was raised in new permanent endowed funds for scholarships and academic programs
Over $2 million in gifts was allocated toward campus facilities and the Krapf Gateway Center
More than 50% of the Class of 2019 made a gift toward their senior class gift
$265,533 was raised from 917 donors during Lycoming’s Day of Giving on April 24, 2019
"We are deeply grateful for the remarkable generosity of those who care about higher education and especially Lycoming College. Our 2014 Strategic Plan articulated a bold vision for the future of the College and an ambitious set of strategies," said Kent Trachte, Ph.D., president of Lycoming College.
"Our alumni, friends, foundations, and corporate partners have responded to this agenda. They have made it possible for us to make investments in scholarships, programs, and facilities so that Lycoming can continue to change the lives and graduate students who make a difference in the world," Trachte said.
In October 2016, the College launched The Campaign for a Greater Lycoming with the goal of raising $65 million to secure resources that would deepen Lycoming’s capacity to recruit and retain talented and more diverse students, create new academic programs and initiatives to deliver a 21st-century liberal arts and sciences education, and meaningfully invest in the physical campus.
The Campaign for a Greater Lycoming concluded on June 30, 2019, and the College will announce the final dollar amount raised during this most ambitious multi-year fundraising initiative at a celebration to be held during Homecoming & Family Weekend on October 5, 2019.
All donors who made a gift throughout the Campaign — regardless of size or designation — will receive an invitation to the celebration.