Westmont Magazine A Record Year for Westmont
Fund Raising at Westmont Continues to Build on Recent Successes
What a difference five years makes! Since 2000, fund raising at Westmont has increased substantially in every category.
One of the most striking — and important — areas is endowment. On June 30, 2000, Westmont had amassed an endowment of $15 million.That number has nearly quadrupled to $57 million as of June 30, 2005. Unrestricted gifts to the recent capital campaign, bequests from estates and newly established faculty chairs and scholarship funds have made the difference.
As the endowment numbers suggest, gifts from bequests and estates have grown greatly. During the 2005 fiscal year, maturities totaled $4.5 million, a record for Westmont. To find out about the people who made these gifts, see the related article on page 23. In 2005, donors made commitments through bequests and planned gifts that totaled more than $62 million. These expectancies have increased from $46.5 million in 2000.
In 2000, gifts to the Westmont Annual Fund, which provides critical support for scholarships and other essential programs, brought in $1,754,370. Five years later, for the 2005 fiscal year, the total was $2,454,204, a 40 percent increase.
Alumni giving has improved as well. The participation rate rose from 32 percent for graduates in 2000 to 37 percent in 2005.
Warrior Sports Associates enjoyed its best year ever in 2005, raising $545,534 for athletic scholarships.
Total giving grew 64 percent during the five-year period, from $7,636,279 to $12,549,175.