THE RECORD OnlineFall 2002News2002 Fiscal Year Ends With All-time Giving HighThanks to the generosity of many Greenville College alumni and friends, the college ended the 2001-2002 fiscal year with the all-time giving total high in the 110-year history of the institution. If preliminary figures prove accurate, the year ended with $6.13 million in gifts, topping the 1999-2000 record by $2.4 million. The gifts came in several forms: $2 million from the estate of an anonymous donor which will be used to purchase the FM Church building, $1.94 million in grants, $1 million in other restricted giving and $1.23 million in unrestricted giving. This total would be phenomenal under normal economic conditions but in a year marked with recession and significant decreases in charitable giving, it is truly remarkable. The Chronicle of Philanthropy even reports that education was one of the hardest hit by the recession with a 2.3 percent reduction in giving. “At Greenville College, we also saw these effects, especially in the decline of stock gifts,” said David Hoag, vice president for College Advancement. “Yet...our alumni and friends helped us reach our goal for the Annual Fund and achieve a record year. It was really a remarkable year. We thank God for his continued blessings.”
Last updated: December
10, 2002 |
