UCM Foundation Awards Record-High $1 Million in Student Scholarships
WARRENSBURG, MO (July 9, 2013) – For the first time in its history, the University of Central Missouri Foundation awarded more than $1 million in direct scholarship support to students in a single fiscal year. The FY 2013 record total, $1,018,261, exceeds the amount awarded last year by more than $400,000.
"Donors have told us they want to help more students reach their college goals and graduate with less debt. At every level of giving, their generosity is truly amazing," said Jason Drummond, vice president for alumni relations and development and executive director of the foundation. He noted an interesting historic comparison. "It took the foundation 14 years, from when it started in 1979 through 1993, to cumulatively award $1 million in scholarships. To reach that mark in one fiscal year shows how extensively the foundation has grown through the financial support of our donors."
Total donor giving in FY2013 reached $3,794,809, exceeding the set goal by 8.4 percent, he added. A record number of donors, 711, also became members of the Presidents Society, the foundation's most well-known gift recognition club.
"Our mission has never been more critical to invest in this outstanding university," said Jesse West, president of the UCM Foundation Board of Directors. "The board set an aggressive set of goals through a strategic planning process to continue growing our financial base to invest in students, faculty and programs. Our commitment to stand in the gap between the rising costs of higher education and the decline in traditional sources of funding is central to our mission. The board is focused on student success and the necessary resources it will take to help students achieve their college aspirations."