The generosity of Lawrence University supporters shone bright in the 2018-19 fiscal year that concluded at the end of June.
Monies raised for the Lawrence Fund, a key funding mechanism to support students, the work of faculty and the upkeep of the campus infrastructure, surpassed $3.9 million, the second highest one-year total in the school’s history.
But that is just one slice of the good news the school is reporting. The overall giving across all funds topped $24.4 million, the fourth highest ever.
The ongoing generosity of donors speaks to the deep relationship Lawrence alumni and other supporters have with the school, the desire to enhance the Lawrence experience for today’s students and the pledge to pay it forward for future Lawrentians, said Cal Husmann, vice president for alumni and development.
“The impact of philanthropic investment in the college is profound and enhances all aspects of the student experience,” he said.
The Lawrence Fund plays a significant role in the campus’s operation, supporting everything from scholarships, study abroad opportunities and research to infrastructure maintenance, Conservatory performances and athletics. It affects every student and every member of the faculty and staff in some measure.
The alumni donor participation rates in the Lawrence Fund have an impact on national rankings and future funding opportunities. It’s estimated that without the Lawrence Fund, each student’s tuition would increase by more than $10,000 per year.
“Gifts to the Lawrence Fund keep the entire academic and co-curricular offerings robust,” Husmann said. “Donors have invested in the curriculum, allowing us to add new professorships, enhance classrooms, and fund student-faculty collaborations.”
The $3.9 million raised in the Lawrence Fund is second only to the $3.91 million raised in the fiscal year ending in June 2016.
Meanwhile, the overarching $220 million Be the Light! Campaign, which launched quietly in January 2014 and had its public launch in November 2018, has reached $182.3 million in gifts and pledges. The ongoing campaign, the largest in Lawrence’s history, includes the Lawrence Fund as one of its four cornerstones. It also includes the Full Speed to Full Need initiative to make Lawrence accessible and affordable to all academically qualifying students, the Student Journey, which has welcomed numerous endowed positions aimed at supporting cutting edge programs and course offerings, and Campus Renewal, targeting facility and infrastructure upgrade projects on campus.
The recent $2.5 million gift from J. Thomas Hurvis ’60 to create an endowed professorship to teach the psychology of collaboration is the latest in a string of endowed positions, supported by Lawrence alumni, that have boosted and diversified the school’s academic offerings.
Mike O’Connor recently began his work as Lawrence’s new Riaz Waraich Dean of the Center for Career, Life, and Community Engagement (CLC), a newly endowed position that aims to better prepare students for life after Lawrence by, in part, enhancing connections with alumni in the students’ fields of interest.
The Full Speed to Full Need fund has made progress toward its goal of reaching $85 million, Husmann said. When that number is finally reached, it will mark a major milestone for the university in its ongoing commitment to make sure the doors are open to students of all socioeconomic backgrounds.
The fund has already delivered direct financial aid assistance to 250 students, and another 100 incoming students are expected to benefit in the 2019-20 academic year.
“The Lawrence community has rallied around the Full Speed to Full Need fundraising initiative in an increasingly strong fashion,” Husmann said. “With more than $82 million raised, we can provide more financial resources for our students than ever before, which is driving LU student debt down — against a national trend of increasing student debt.”
That sort of engagement is seen from Lawrence alumni all year round, Husmann said, and not just in the form of financial gifts or pledges. Lawrence alumni give back to Lawrence in other ways, too, he said.
“Hundreds of alumni serve as resources for the Center for Career, Life, and Community Engagement, volunteer with Innovation and Entrepreneurship, volunteer with admissions, and serve on boards and advisory groups. This reflects the enthusiasm Lawrence alumni have for their alma mater.
“We in the Lawrence community are so grateful for this impressive support.”