Temple sets 2d fund-raising record

The school brought in nearly $68 million, an increase of $2 million from the previous fiscal year, officials say.

Posted: August 22, 2014

Temple University raised nearly $68 million in the fiscal year that ended June 30, a record for a second consecutive year, the school announced.

The total was up about $2 million from the previous year, officials said.

The largest gift - nearly $7 million - came from the estate of Vera Goodfriend, a 1940 graduate who was a mathematician and lived in the Washington area. Those funds were targeted for Temple's School of Medicine.

"There's general momentum here," said James Dicker, vice president for institutional advancement, who came to Temple in June from Lafayette College in Easton.

President Neil D. Theobald arrived in January 2013, and Dicker said having a new president spurs giving. In addition, the university in the last three years has ramped up its institutional advancement office, which includes development and alumni relations, from 75 positions to 130, Dicker said.

"I think we'll continue to grow," he said.

Fund-raising has become more important in recent years as state funding for Temple and other state-related and state-owned universities has remained flat.

Temple also announced on Wednesday that 75 percent of its 4,500 incoming freshmen have signed up to participate in a new program, Fly in 4, announced by Theobald in February and designed to get students to graduate within four years and avoid more debt. Students must register early, meet with an academic adviser once a semester, and advance in class standing each year. In return, the university pledges to cover the cost of any classes left over after four years if for some reason they were not available.

Temple expects student participation to rise even higher before the sign-up deadline of Sept. 8.

In addition, 500 freshmen with the most financial need will be awarded $4,000 grants each year under the program. Temple officials hope that the grants will allow students to spend less time working at jobs and more time focusing on their studies.

In-state students will pay $26,378 on average in tuition, fees, and room and board this year.

The grants are possible in part because of Temple's fund-raising. Some of the new money will be applied to the scholarships, Dicker said.

More than $7 million will go toward new faculty, he said. University officials noted that 90 new positions have been approved, and that 55 searches are in the works or completed. The university brought in 60 new tenure and tenure-track professors last year.

Temple will aim for another fund-raising record-breaker this year with a target of $75 million, Dicker said.

And the school is likely to launch a major, multiyear capital campaign in the next couple years, he said. Temple's last campaign brought in over $350 million.

"Stay tuned," Dicker said.

Owl Dollars

Temple University's annual fundraising totals in millions

2014 - $67.9

2013 - $65.8

2012 - $39.2

2011 - $49.8

2010 - $56.8

2009 - $44.9

Source: Temple University


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