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Published August 24, 2020
Private support to the University of Wyoming held steady over the past fiscal year despite unprecedented global economic shifts and the COVID-19 pandemic.
The UW Foundation raised a total of $43.6 million during the fiscal year ending June 30, surpassing the previous year’s $41.6 million private giving total. The university’s five-year annual fundraising average remains above $50 million.
“The unwavering generosity of the UW family is remarkable,” says Ben Blalock, president and CEO of the UW Foundation. “Even during these historic times of hardship and uncertainty, our alumni and friends, along with our corporate and foundation partners, continue to prioritize support for Wyoming’s university.”
The UW endowment pool now surpasses $585 million, distributed among 1,589 individual endowments. UW has the largest endowment in the Mountain West Conference.
The university has developed a strong public-private partnership with the state of Wyoming, Blalock says.
The state’s matching funds program has greatly incentivized private giving since 2001. State matching dollars have encouraged private support for major investments in UW endowments and facilities. Since the program’s inception, more than $222 million has been invested in UW. Donor gifts have doubled these funds.
In 2020, the Wyoming Legislature added an additional $6.25 million in state matching funds to the UW program to support the Tier-1 Engineering Initiative; the Science Initiative; programs to support endowed professorships; research in agriculture for production, ranch and range management; and endowment support for the College of Law legal clinics and experiential learning programs.
Private giving plays an ever-increasingly critical role in advancing UW, Blalock says.
For more information, call the UW Foundation at (307) 766-6300.