Annual gifts are a critical source of revenue for the college each year. In 2012, nearly 2,300 donors contributed $2.7 million to support initiatives across the college. Annual gifts come in all sizes and the results demonstrate there is power in numbers.
Annual gifts are so valuable because they either supplement existing operating budgets or they provide revenue that can be directed toward priorities that are not supported by other sources of funding. These include: scholarships, support for student programs, faculty support, facility enhancement and unrestricted support for departments. Annual gifts provide the flexibility necessary for responding to emerging needs and opportunities that arise during the year. To coin an old saying, annual gifts can be the margin of excellence.
In addition, a broad base of annual support influences the investment of corporations and foundations as they consider supporting the college. Likewise, alumni support is often weighted in the ranks that compare UK’s College of Engineering with its peers.