The Kansas State University Foundation had its second-best fundraising year in history.
The foundation announced Monday that it raised $174.2 million in fiscal year 2018.
A portion of the money was used to create 170 new scholarships. That’s up from the 124 new scholarships created last year.
More than $37 million in scholarships were awarded through the foundation this fiscal year.
The university’s long-term investment pool grew to $539 million. The funds come from endowed gifts to the foundation, which totaled $106 million this year. Last year, the foundation received $61.8 million in endowed gifts.
Foundation President Greg Willems said the increased funds will help K-State reach its goal of becoming a top 50 public research university by 2025.
“The K-State family can be proud of what we have achieved together to support students, faculty, facilities and programs in fiscal year 2018,” Willems said in a news release.
Ray Strunk is an intern in the KMUW News Lab.
Copyright 2018 KMUW | NPR for Wichita
