Drexel surpassed its fundraising goal for fiscal year 2016 by raising $120.7 million in outright gifts and pledges, which exceeded the University’s goal by $700,000 and beat the previous year’s total by $5.3 million.
This marks the third year in a row of achieving a record-breaking fundraising total.
The largest gift to the University during the fiscal year came from longtime philanthropists and humanitarians Dana (LeBow ’83) and David Dornsife. The couple donated $45 million to the School of Public Health, which was named in their honor.
Another generous $6 million gift from philanthropist Raymond G. Perelman made possible the Perelman Center for Jewish Life (see story on opposite page). Renovations have also begun on the Korman Center in the heart of Drexel’s campus, after an $8 million gift from the Hyman Korman Family Foundation and another $8 million in matching University funds.
Drexel’s finances also remained strong for the fiscal year. The endowment has grown to $663.4 million, a 23.7 percent increase in just five years.