FAU Foundation Raises $81.24 Million in Record-setting Year
The Florida Atlantic University Foundation (FAUF) raised more than $81.24 million from more than 5,332 donors at the end of the 2022 fiscal year – the largest amount raised in the University’s history.
The Florida Atlantic University Foundation (FAUF) raised more than $81.24 million from more than 5,332 donors at the end of the 2022 fiscal year – the largest amount raised in the University’s history. This total breaks the record of $57 million from the previous year and demonstrates a continued trajectory for growth.
“FAU was founded on philanthropy, and that tradition has continued for more than 60 years,” said Chris Delisio, vice president of institutional advancement and CEO of FAUF. “This last fiscal year shows just how committed our friends, alumni and partners are to the mission and vision of the University.”
During this record-setting year, FAU received the largest scholarship gift in its history. Announced in May, the University received an estate pledge of $28 million from John and Ann Wood to support scholarships for students enrolled in the Charles E. Schmidt College of Medicine. This is the largest known scholarship gift to a Florida public university’s medical school.
“At the university’s dedication ceremony in 1964, former U.S. President Lyndon B. Johnson declared that our goal must be to open the doors of higher education to all who can qualify,” said FAU President John Kelly. “Thanks to generous gifts from our many supporters, Florida Atlantic is able to provide opportunities for talented, hard-working students to earn degrees, regardless of their background.”
FAU currently serves more than 30,000 undergraduate and graduate students across six campuses. In recent years, the University has doubled its research expenditures and outpaced its peers in student achievement rates. FAU is highly ranked by U.S. News & World Report for “Social Mobility” and a top degree producer for black and Hispanic students. FAU is also consistently ranked as the most ethnically and culturally diverse institution in Florida’s State University System.
“FAU’s ever-increasing success is fueled by the generosity of our supporters,” said Steven Schmidt, FAUF board chair. “It is thanks to their philanthropy that the University is able to add and expand exciting experiences for learning, research, athletics and the arts and more.”
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Latest University Initiatives
- Tech Runway Entrepreneur Wins Funding from 'Sharks' at FAU's CrocTankAn entrepreneur from Florida Atlantic University's Tech Runway was offered $250,000 during CrocTank, a first-of-its-kind live business pitch event recently hosted with the judges from ABC's show "Shark Tank."
- FAU Awarded $6M Grant to Expand Marcus Institute of Integrative HealthThe grant from the late Bernie Marcus and The Marcus Foundation will enable the FAU Marcus Institute of Integrative Health to expand its operations to provide more services and conduct more research.
- FAU Hosts ABC's 'Sharks' for First-of-its-Kind CompetitionThe judges of ABC's "Shark Tank" will be coming to Florida Atlantic University for its very own CrocTank, the first-of-its-kind live event on Dec. 4 at the Carole and Barry Kaye Performing Arts Auditorium.
- FAU Tech Runway® Hosts 2024 Maverick ReceptionFlorida Atlantic University's Tech Runway® will host its 2024 Maverick Reception on Wednesday, Nov. 13 from 6 to 8 p.m. at its site, 901 NW 35th St., Boca Raton campus.
- FAU Named 2024 Fulbright HSI Leader by the US Department of StateFlorida Atlantic University has been named as a Fulbright Hispanic-Serving Institution (HSI) Leader for 2024.
- FAU College of Business Hosts Second Annual Golf ClassicFlorida Atlantic University's College of Business recently hosted its second annual golf classic to support students and program development.