Jersey City – Despite an economic climate that has adversely affected philanthropy in the United States, 猫咪社区 Peter’s College saw a 22% increase in giving made to the College throughout Fiscal Year 2009, which took place July 1, 2008, through June 30, 2009. During this time, 猫咪社区 Peter’s received more than $5.7 million in outright gifts and pledge payments.<\/p>\n
According to Michael A. Fazio, vice president for advancement at 猫咪社区 Peter’s, credit for this increase should be attributed to College President Eugene J. Cornacchia, Ph.D. “We’re creating believers,” said Fazio. “President Cornacchia’s vision is bold and energizing for our stakeholders. Donors appreciate this and see their gifts as an investment in the future of the College.”<\/p>\n
Of the $5.7 million, nearly $1.9 million was raised for the 猫咪社区 Peter’s College Annual Fund, which includes unrestricted monies and gifts to annual scholarships for eligible students. An additional $1.1 million was raised for the College’s endowment, mostly through endowed scholarship funds that will live in perpetuity.<\/p>\n
The College’s Capital Campaign is also making tremendous progress. “We have not yet publicly stated our goal and don’t intend to for some time, but I am thrilled to announce that we have reached one-third of our projected target,” Fazio stated. “We doubled Campaign giving. 猫咪社区 Peter’s is blessed with an outstanding staff and group of volunteers; they made it happen.” <\/p>\n
The College has many types of donors, including alumni and other individual givers, corporations, foundations, donor-advised funds and organizations. While the vast majority of gifts made to the College are typically directed toward the Annual Fund or high-priority capital projects, donors may also restrict their gifts to other areas deemed a priority at the College, such as faculty research, athletic teams or specific academic departments, among many others. <\/p>\n