The Missouri State University Foundation, which raises private funds to support the Springfield university and its students, brought in more than $19.5 million in fiscal 2017, which ended June 30.
That’s the second-largest total raised since the foundation was started in 1981.
Foundation executives said 21,292 donors contributed in fiscal 2017. The funding will go to support student scholarships and programs, faculty research and facilities enhancements.
“As state appropriations have continued to decline, these funds are even more important to the success and growth of the university,” foundation officials said Monday in a release.
The not-for-profit Missouri State University Foundation promotes private financial support for, and manages an endowment on behalf of, the university. The foundation had total assets of $140.3 million for the fiscal year ended June 30, 2016, according to its most recent IRS filing.
Read more: St. Louis Business Journal