Fundraising holds steady

Against an ongoing backdrop of global economic uncertainty, Harvard University raised $596 million in cash through fundraising efforts in fiscal year 2010. These results represent a less than 1 percent decline from the $602 million in cash raised in fiscal year 2009. The alumni participation rate also held steady this year, increasing slightly.

“Alumni and friends of the University were steadfast in their support of the teaching, learning, and research that go on at Harvard every day. Thanks to them, we are holding steady. For that, we are tremendously grateful,” said Tamara Elliott Rogers, vice president for alumni affairs and development.

This year, fundraising for immediate needs continued to be an area of significant focus for the Faculty of Arts and Sciences (FAS). The Harvard College Fund exceeded its $40 million goal for immediate-use funds. These gifts are deployed by FAS Dean Michael D. Smith to support priority areas including increasing access and opportunity, reinvigorating liberal arts education, and leading innovation and discovery.