LAWRENCE, Kan. (AP) – The University of Kansas Endowment had another record-setting year in fiscal year 2013.
The endowment announced Tuesday it received $174.2 million for the year, an 11 percent increase over last fiscal year’s total of $156.5 million. It was the sixth fiscal year the endowment broke the record from the previous year’s fundraising
The funds pay for scholarships, professorships, facilities, research and other programs at The University of Kansas and the University of Kansas Hospital.
The Lawrence Journal-World reports most of the donations were earmarked for specific purposes, with just $2.6 million given as unrestricted funds.
The fundraising year helped the endowment get closer to a goal of raising $1.2 billion by 2016. So far, the endowment has raised $923 million toward that goal.