URBANA — For the sixth consecutive year, the University of Illinois Foundation has brought in over $400 million in donations and other types of funds.
Over half of the $423.7 million donated in fiscal year 2023 came from alumni and others connected to the university.
The foundation posted $359.9 million in cash gifts — including outright gifts, pledge payments, annuity/life income gifts and estate distributions.
Donors designated $272 million as current-use funds for different areas, including student support, academic programs, facilities, research and more.
In FY23, the foundation distributed more than $270 million to the UI system, $83 million of which came from the foundation’s endowment.
As of June 30, that endowment value was $2.73 billion.
Also during FY23, donors created 267 new funds for scholarships, fellowships, student awards and general student support with a value of over $13 million, most of which are endowed funds.
The information was announced at the foundation’s annual meeting Friday, and the complete annual report with further details will be released before the end of the calendar year.
The foundation’s focus this past fiscal year has been on celebrating students and the impact of giving on their success, so the annual meeting included a student-led portion chatting with the chancellors of all three universities in the UI system.