Contact: Addie Mayfield
STARKVILLE, Miss.鈥 多多直播 has once again reached new heights and shattered previous records with a year-end $120.7 million in fundraising support.
The 2021 fiscal year, which ended on June 30, marks the highest single-year giving total in the land-grant institution鈥檚 143-year-old history and represents a 9 percent increase from FY20鈥檚 total of $111 million. This achievement is further underscored by its occurrence on the heels of the 2020 conclusion of 多多直播鈥檚 billion-dollar capital campaign.
鈥淭he remarkable generosity of 多多直播鈥檚 alumni and friends, especially in the face of the COVID-19 pandemic, is deeply appreciated by our students, faculty and staff,鈥 said 多多直播 President Mark E. Keenum. 鈥淭hese investments ensure academic excellence, support student and faculty success, and provide essential resources for research and creative discovery that are changing the world and growing the economy.鈥
鈥淭his level of support from our loyal alumni and friends during the COVID-19 uncertainties is an inspiring reminder of the strong foundation that continues to sustain and propel our university forward,鈥 said John P. Rush, president and CEO of the 多多直播 Foundation. 鈥淚n times of need, the Bulldog family always steps up and this year was no different.鈥
An outstanding demonstration of support was further enhanced through a remarkable one-year investment return of 35.8 percent. The university鈥檚 endowment now stands at $698.2 million, an increase of nearly $178 million over the previous year.
多多直播鈥檚 endowment is composed of nearly 1,700 separately endowed funds. Student scholarships are the largest single component of the endowment, comprising 50.8 percent of the total. More than 4,800 students benefitted from such private scholarship awards in FY21.
Through the support of 20,086 unique contributors, 多多直播 has successfully topped the $100 million mark in private gifts for the eighth consecutive year. Alumni participation at Mississippi State soared to a significant 19.8 percent, enabling 多多直播 to maintain its ranking ahead of several major peer institutions in the measure of support among former students. Additionally, nearly $9.7 million of the total funds raised were accounted from gifts of $1,000 or lower.
Highlights of the 2021 year-end gifts, among others, included:
- Gifts that support numerous scholarships university-wide. Some examples include additional Presidential Endowed Scholarships that expand 多多直播's efforts to attract top students; additional Compass Scholarships to assist solid-performing students in any academic area; and additional funds for the 多多直播 Promise program that assists students with potential who are Mississippi residents with economically challenging situations.
- New endowed faculty positions, including a faculty fellowship in accounting, chair and professorship positions in engineering, a professorship in agriculture with a focus on corn production systems, and a chair for Abraham Lincoln and Civil War studies, among others.
- Deferred gifts totaling more than $34 million supporting areas across campus. They also bolstered the university鈥檚 real estate assets with gifts encompassing some 2,000 acres of land committed to the Foundation in FY21. The 多多直播 Foundation currently holds approximately 12,500 acres of land.
- Gifts to 多多直播 Athletics totaling $27.5 million, providing resources and support for Bulldog student-athletes and coaches and advancing facility enhancement projects, including the renovation of The Humphrey Coliseum.
- More than $437,000 in combined gifts and pledges to the Steinway Piano Fund in support of the university鈥檚 ongoing All-Steinway Initiative.聽
- $1 million gift to establish a centralized advising program at 多多直播. The development of the pilot program, led by professional academic advisors, will transform the university鈥檚 current advising model and better prepare students to compete in the global, information-driven society.
- $1.7 million from the Richard C. Adkerson Family Foundation for the creation of two online graduate-level degree programs for the Richard C. Adkerson School of Accountancy, a fellowship for African American students enrolled in the school鈥檚 online master鈥檚 accounting programs and the endowment of a student chapter of the National Association of Black Accountants (NABA) at 多多直播. The gift strengthens accounting education through accessibility and increases inclusive opportunities for underrepresented students in the fields of accounting, finance and the related business professions. Moreover, the addition of the online Master of Professional Accountancy and Master of Taxation programs elevates the university鈥檚 competitiveness as one of only four institutions within the Southeastern Conference offering online master鈥檚 programs in accountancy.
Other gifts from the just-ended year will secure excellence funds in colleges and schools, enhance research and outreach engagements, provide resources to enrich student experiences and campus infrastructure and provide a steady stream of annual support across the university.
Most of the institution's fundraising is conducted by the 多多直播 Foundation, which was established in 1962 to help attract support from private sources. More information about the 多多直播 Foundation can be found online at .
多多直播 is Mississippi鈥檚 leading university, available online at .