Davidson College has announced a record-breaking fundraising total of $130.8 million for the 2022-23 fiscal year. The historic sum marks a significant increase over the previous record of $101 million set in 2021-22.
Davidson College has celebrated an extraordinary year of fundraising, shattering previous records with a total of $130.8 million raised in the 2022-23 fiscal year. This remarkable achievement surpasses the college's previous record of $101 million set just last year.
The historic haul includes $19.4 million given through The Fund for Davidson, which supports the college's immediate needs and priorities. Additionally, the college received $31.8 million for its endowment, a critical source of long-term financial stability.
Davidson College Sets New Fundraising Record with $130.8 Million
President Doug Hicks attributed the fundraising success to the college's unwavering commitment to providing an exceptional liberal arts education and the generosity of its donors. "Our donors have recognized the transformative power of a Davidson education and the importance of investing in our future," he said.
The funds raised will be used to support a wide range of strategic initiatives, including:
* **Faculty recruitment and retention:** The college plans to invest in attracting and retaining top-tier faculty, enhancing its academic reputation and providing students with access to exceptional instruction.
* **Student scholarships and financial aid:** The college is committed to ensuring that all qualified students have the opportunity to attend Davidson, regardless of their financial background. The fundraising will support increased financial aid packages and expanded scholarship programs.
* **Academic program enhancements:** The funds will be used to develop innovative academic programs, expand experiential learning opportunities, and create new interdisciplinary initiatives.
* **Campus infrastructure upgrades:** The college will invest in modernizing its facilities, including the construction of new academic buildings and the renovation of existing spaces to enhance the student experience.
The fundraising success is a testament to Davidson College's strong alumni base, engaged parents, and dedicated friends who believe in the college's mission. The funds raised will enable the college to continue its legacy of academic excellence and provide future generations of students with the opportunity to thrive intellectually and personally.
### Additional Highlights:
* The Class of 2023 had the highest participation rate in the college's history for The Fund for Davidson.
* The endowment now stands at over $1 billion, providing a solid financial foundation for the college's long-term growth.
* Davidson College is consistently ranked among the top liberal arts colleges in the country by U.S. News & World Report.
* The college's fundraising success reflects its commitment to providing students with a transformative educational experience that prepares them for lives of purpose and impact.
