Stanford raised $928.5 million for the 2013-14 fiscal year. Lucile Packard Children’s Hospital, which raises funds separately, earned an additional $53.8 million. Funds from this year have been channeled into existing reserves and new facilities on campus.
Many of the funds have been distributed to several key focuses on campus: $299.5 million towards research and programs, $65.5 million to faculty, and $80.7 million for students, which includes graduate fellowships ($39 million) and undergraduate financial aid ($31.7 million). A large portion of fundraising is centered around the construction of the new hospitals. Funds for Stanford Medicine, which includes construction of the new Stanford Hospital and other initiatives of the Campaign for Stanford Medicine, totaled $264.9 million.
One testament to the success of this year’s fundraising is the recently opened Anderson Collection and its new 33,000-square-foot space. The collection houses 121 modern and contemporary American sculptures and paintings, assembled by Harry W. and Mary Margaret Anderson and Mary Patricia Anderson Pence.
This addition to the arts on campus was mirrored by the newly constructed Shriram Center for Bioengineering & Chemical Engineering, which stands as the fourth and final building in the Science and Engineering Quad. The center will replace aging facilities and help consolidate the Departments of Bioengineering and Chemical Engineering, each of which were previously dispersed over several buildings.
This year’s funds continued the five-year trend in the growing number of donors, which have now reached 82,300. The 2012-13 fiscal year drew $931.6 million from 82,000 donors, and the year before raised $1.035 billion, which was the largest in fundraising history.
Contact Alexandra Bourdillon at abourdil ‘at’ stanford.edu.