$60.6 million, a record, donated to UMB last year

July 25, 2006|By GADI DECHTER | GADI DECHTER,SUN REPORTER

The University of Maryland, Baltimore plans to announce today that it received a record $60.6 million in donations over the past year, exceeding the downtown campus' fundraising goal by 5 percent.

"We are especially pleased that the number of seven-figure gifts has increased by 50 percent over the previous fiscal year," said Mary Campion, associate vice president for development, in an e-mailed statement.

Among the major gifts were two $1.5 million donations to endow professorships in medicine and oncology. Another million-dollar pledge will establish a scholarship program in the law school.

The percentage of alumni making a donation dropped slightly, to 13.8 percent in the year ended June 30 from 14.6 percent the previous year.

University officials say alumni, corporate and other private gifts have become increasingly important as state funding for public campuses decreases as a percentage of overall budgets.

This year, state appropriations accounted for 20 percent of the university's budget, down from 28 percent in 2002.

The University of Maryland, Baltimore comprises six graduate schools - dentistry, law, medicine, nursing, pharmacy and social work. An undergraduate nursing program also is offered.

In June, the state Board of Regents approved the university's plan to open a school of public health.

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