JBU Breaks Fundraising Record: $23 Million in FY 09-10

Siloam Springs, Ark. (July 20, 2010) - The slow economy has not dampened the generosity of people, businesses and foundations that support John Brown University. The University announced today that for the fiscal year ending June 30, the institution received over $23 million in total gifts — the highest dollar amount ever for JBU.

“We are humbled by, and deeply grateful for, the selfless giving of our friends in support of JBU's mission of quality Christian higher education,” said JBU President Dr. Chip Pollard. “God has blessed JBU with wonderful students, fantastic faculty and staff, and generous supporters. It is a privilege to be a part of this community.”

“I am very thankful for the generous alumni, friends, parents, foundations and businesses that give generously to JBU,” said Dr. Jim Krall, vice president of advancement. “Their gifts go to the students and help provide a high-quality Christian education. Gifts to scholarships, buildings and programs all help provide an excellent value for the students.”

The previous record was in FY 07-08 when JBU received $18.5 million in total gifts.

“We have seen both small and large gift donors continue to provide even through tough times,” said Steve Onnen, director of the JBU scholarship fund and advancement services. “The scholarships provided by outside gifts have been important now more than ever because many students and their families are struggling in the current financial environment.”

The $23 million given in FY 09-10 is part of JBU’s Keeping Faith $110 Million Campaign. To date, the university has raised $98 million (gifts and pledges) with two years remaining in the campaign. The campaign provides $50 million for scholarships, $40 million for building projects, and $20 million for operations.

Major building projects include the $9.5 million Bill George Arena and the $8.5 million Berry Performing Arts Center, both scheduled to open this fall. A new $10.5 million engineering and construction management facility is expected to open in the fall of 2011.

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