MURRAY, Ky. — Private support for Murray State University during the 2017 fiscal year indicates strong support of the University with more than $7.2 million received in total gifts to the University. At the close of the fiscal year, a total of 14,507 gifts were made to benefit the University.
“Private support is vitally important and allows for all of our academic programs to maintain high standards of rigor, relevance and excellence. We hold high expectations for our students, and these gifts help ensure that our students have the opportunity to achieve their goals,” explained Murray State President Bob Davies.
Dollars raised support nearly every area of the University, including student scholarships, academic research, campus improvements, study abroad activities, University libraries, Racer Athletics and WKMS.
The University received several significant planned gifts during the last fiscal year, including the Eagle Rest Plantation valued at over $2.6 million from Judge Jimmy Don Robinson. Additional gifts and pledges include more than $1.9 million in support of the new Engineering and Physics building scheduled to open in fall 2017. Of the funds raised last year, more than $1.6 million was given in support of student scholarships.
Scholarship support affords opportunities for students
Historically, student scholarships have been one of the most well-known areas of support for the University. The Murray State University Foundation, Inc., an independent nonprofit corporation which accepts private support to the University, authorized more than $3 million in student scholarships for the upcoming 2017-18 academic year. During the 2016-17 academic year, more than 2,100 scholarships were awarded totaling $2.8 million in student support.
“Since 1946, the Foundation has been pleased to assist the University in receiving and managing private support and is extremely grateful to the numerous alumni and friends who make donations each year,” said Dr. Bob Jackson, president of the Murray State University Foundation, Inc.
Charitable gifts to Murray State University and the Murray State University Foundation, Inc., are tax deductible for federal income tax purposes.