University of Alabama raises $224 million

University of Alabama raises $224 million

TUSCALOOSA, Ala. (AP) — The University of Alabama says it raised more than $224 million in gifts and pledges during 2017-18 school year.

The school said in a news release the money came from more than 62,000 donors.

The school said it had raised about $120 million during the previous fiscal year.

University President Stuart Bell said  the money creates a strong foundation for growth and development of current and future projects and programs.

“We are tremendously thankful for the devotion of our alumni and friends who have helped us reach such a historic milestone,” said Bell. “The 2017-18 fiscal year was truly remarkable and has created a strong foundation for the growth and development of current and future projects and programs at the Capstone.”

The school’s enrollment has grown from more than 20,000 students in 2003 to more than 38,000 this year.

The university received one of its largest gifts ever. Business executive and attorney Hugh F. Culverhouse Jr. gave the school more than $26 million for the University of Alabama School of Law.

“The enthusiasm surrounding the accomplishments of the University, as well as this institution’s commitment to excellence, has contributed greatly to increases in our fundraising efforts,” said Bob Pierce, UA vice president for advancement.

“I believe we are in the early stages of an era of incredible growth in charitable giving at the Capstone, and we encourage all UA alumni to participate.”