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BATON ROUGE, La. (AP) — In the past year, LSU has shattered several major fundraising records.
University leaders say money will help the school grow and improve programs even as state funding remains relatively stagnant.
Faced with the possibility of potentially catastrophic cuts to its state funding, The Advocate reports (http://bit.ly/1E5dCvR) LSU managed to take in $193 million from private donors during the budget year that wrapped up June 30. That more than doubles its previous fundraising record, set just a year before.
LSU got several large-scale gifts from its supporters, including the university's largest-ever in-kind contribution in the form of geoscience and engineering software valued at $62 million. Other major donations coming into the school included a $40 million anonymous gift split between the academic endowment and the endowment that supports athletic programs.
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Information from: The Advocate, http://theadvocate.com
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