University of Missouri sets fundraising record


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COLUMBIA, Mo. (AP) — Fundraising at the University of Missouri set a record during fiscal year 2014.

University administrators announced Tuesday that the school's Office of Advancement raised $164.5 million, beating the previous high of $160.5 million in 2008. Last fiscal year, the university raised $137 million in pledges and gifts.

The Columbia Daily Tribune reports (http://bit.ly/1oGOqpE ) that $19.7 million of this year's donations came from annual giving, which is all donations of less than $10,000.

The university said in a news release that the value of the school's endowment funds increased by more than 13 percent this year. This year's endowment total is $783 million through the end of March, the latest figures available.

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Information from: Columbia Daily Tribune, http://www.columbiatribune.com

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