The Cooper Union is pleased to report the successful results of fundraising efforts for the fiscal year that ended June 30, 2016 (FY16). Cooper received an overall cash total of $11.0 million.
Of the $4.7 million dollars raised in unrestricted dollars, the Annual Fund contributed $2.5 million in flexible support for the school, enabling us to address Cooper’s greatest needs. This year’s results represent a 9 percent increase over the $2.3 million raised in FY15. We also saw a 20 percent increase in the number of alumni donors, for a total of 2,608 donors, or 20 percent of total alumni.
In addition to unrestricted funds, donors provided $6.3 million in restricted gifts that were directed to ongoing programs, grants, the endowment and vital scholarship support.
Through the generosity of our students, alumni, parents and friends, as well as the dedicated work of our faculty and the Office of Alumni Affairs and Development, we continue to provide the essential resources, scholarships and programs that make Cooper Union a remarkable institution. Thank you again for supporting the future of The Cooper Union and the next generation of students.
Alumni celebrating their reunion years in FY16 contributed about $729,000. Through their leadership and peer-to-peer outreach, the class of 1966 worked together to raise over $243,000, more than any other reunion class gift in recent history.
Our graduating seniors also joined together to support their fellow students. With 88 percent of the class of 2016 participating, they raised nearly $4,500 in contributions to the Annual Fund. To honor their accomplishment, a foundation managed by descendants of Peter Cooper donated an additional $15,000.
We also thank the donors and their families for who included The Cooper Union in their estate and gift planning. With their generosity and foresight, we received $6.3 million in planned gifts. These contributions extend their legacy and continue to benefit Cooper and its students.
Graphics by Carol Wolf '84