URBANA, IL (Chambana Today) – The University of Illinois Foundation (UIF) would like to celebrate a historic fiscal year with several millions in donations.
The brand new fiscal year from July 1, 2023 to June 30, 2024 has a new business figure of $461.0 million and a cash figure of $453.5 million, marking the first time in its history that both metrics have exceeded $450 million in a single fiscal year. The president and CEO of the UIF, James H. Moore, Jr. attributes this to the almost 50,000 donors who provided almost 158,000 gifts in support of the University of Illinois System and its universities in Champaign, Chicago, and Springfield.
“The thousands of generous donors who invest in the University of Illinois every year are elevating our institutions through their altruism and philanthropic support,” said Moore. “The loyalty and generosity of our donor community helps build, maintain, and enhance the strong reputation we enjoy nationally and around the world. Our donors are meaningful and important partners in all we do and aspire to achieve.”
The largest group of donors were alumni and friends, followed by corporations and foundations. Donors also contributed $305.6 million, or 67.4 percent, as current use funds, which went directly to student areas, faculty support, facilities, and academic programs. The rest come from endowed funds, annuities, and life income funds.
The complete FY 2024 University of Illinois Foundation Annual Report will be released in late November on the foundation’s website at uif.uillinois.edu.