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NC West Virginia News

Wednesday, October 16, 2024

WVU Foundation raises record-breaking $282M during fiscal year

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E. Gordon Gee President at West Virginia University | Twitter Website

E. Gordon Gee President at West Virginia University | Twitter Website

West Virginia University alumni and friends contributed a record $282.6 million during fiscal year 2024 to support high-quality education, meaningful research, world-class patient care, and outreach programs benefiting the Mountain State and beyond.

The WVU Foundation’s fundraising efforts surpassed the previous record of $270.1 million set in fiscal year 2021, highlighting the spirit of generosity within the University community. Records indicate that 20,350 donors made 40,849 gifts to WVU from July 1, 2023, through June 30, 2024. Alumni comprised 8,536 of those donors.

“Our supporters are truly remarkable,” WVU Foundation President and CEO Cindi Roth said. “Even at a time of transition at the University, a fluctuating economy and increased prices for just about everything, our alumni and friends remained steadfast and true to their loyal generosity. These investments help our students, faculty and staff achieve in ways that would not otherwise be possible. And they help our patients through the many services provided across WVU Medicine. I want to thank our donors for once again stepping up.”

WVU President Gordon Gee stated, “Thanks to the generous support of so many, West Virginia University continues to offer a high-quality education at an affordable price. And as we look to the future, we will be even better positioned to deliver on our land-grant mission of providing world-class education, research and health care while serving as the state’s best partner to create a thriving economy that improves life for all.”

The Foundation’s FY24 fundraising efforts were bolstered by 36 gifts of $1 million or more. Significant contributions included a $50 million donation from the Hazel Ruby McQuain Charitable Trust to aid in building a new comprehensive cancer hospital at the WVU Cancer Institute; $7 million from the Hardy family and Nemacolin Resort for the Hospitality and Tourism Management program in the WVU John Chambers College of Business and Economics; and $4 million from Antero Resources for Petroleum and Natural Gas Engineering programs at the WVU Benjamin M. Statler College of Engineering and Mineral Resources.

Additionally, the seventh WVU Day of Giving held on March 20 raised a record $30.4 million from more than 8,500 gifts.

“I couldn’t be more pleased with our overall fundraising efforts,” B.J. Davisson, executive vice president and chief development officer for the Foundation said. “In the midst of many changes at the University, our donors remained undeterred and unwavering. Mountaineer Nation understands the University’s land-grant mission to help the state and recognizes that private support makes West Virginia a better place.”

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