Posted: Jul 30, 2010 6:17 AM by Bea Karnes, News First 5
Updated: Jul 30, 2010 8:01 AM
The University of Colorado received $140.8 million in private support over the past fiscal year, capping the school's strongest-ever four years for such donations.
The private contributions for the fiscal year that ended June 30 represent a 4.7 percent increase from the 2008-09 school year.
The funds include $92 million given through the University of Colorado Foundation, the school's fundraising arm. Nearly $49 million was given directly to CU, including gifts in kind.
CU President Bruce Benson says the private support adds significant value to the school. However, Benson says the money is targeted to specific people, programs and infrastructure and can't be used to replace declining state funds.