The Texas A&M Foundation announced Thursday that it will make more than $70 million available to Texas A&M University as a result of donations from former students and other supporters during the past fiscal year. Foundation President Ed Davis presented a symbolic check to Texas A&M President R. Bowen Loftin during the annual academic convocation ceremony on campus.
“Since its founding in 1876, Texas A&M has been known as the state’s first public institution of higher education for developing leaders of character,” said Loftin, a 1970 graduate. “The generosity of our former students and friends helps us continue this important mission, as well as strengthen our trajectory as one of the nation’s top public institutions.”
Most donors to the foundation designate how their gifts will be used in one of four impact areas: student, faculty, college or spirit. More than half of donor contributions support the student impact area by providing scholarships and graduate fellowships, while the remainder funds faculty professorships and chairs, college and departmental programs, student activities, construction and other projects.
“Texas A&M is uniquely blessed with generous individual, corporate and foundation donors,” said Davis, a 1967 graduate of Texas A&M. “We are fortunate to have benefactors who share our spirit and vision and who are committed to providing the support needed to help Texas A&M reach its highest potential.”
The private, nonprofit organization also directs fundraising campaigns to support Texas A&M. Ongoing since 2009, its most recent campaign is its $20 million portion of the Memorial Student Center renovation and expansion. Donors have pledged about $16.5 million to the project, and the foundation continues to raise funds for naming opportunities in the building, which reopened in April.
The Texas A&M Foundation is a private nonprofit organization that solicits and manages investments in academics and leadership programs at Texas A&M. To learn more about scholarships, fellowships and other academic- and student program-focused giving to benefit Texas A&M, contact the Foundation at (800) 392-3310 or (979) 845-8161.