Last week, the University of Virginia Darden School of Business announced its first-ever $100M-plus fundraising year, including $102.9 million in new commitments. The extraordinary philanthropic contribution will boost funds for scholarships, faculty and facilities — a win-win for students!
Combined with $20.1 million in matching funds from UVA’s Bicentennial Scholars Fund and Bicentennial Professors Fund, the total impact of philanthropy to the School for the 2019 fiscal year ended 30 June is $123 million.
The extraordinary results were led by the transformational gift from Frank M. Sands Sr. (MBA ’63) announced in May 2019 that delivers $82 million in total philanthropic impact through a $68 million gift and $14 million in matching funds from the Bicentennial Professors Fund.
Record-breaking results from reunion giving, planned giving and on GivingToHoosDay also directly contributed to the strong fundraising efforts. An impressive 99% of the graduating full-time MBA class of 2019 made a gift to the school.
Darden also set a new record for alumni participation on GivingToHoosDay, with 1,530 donors — a 53 percent increase from the previous year’s event — raising more than $1 million. It marks the second consecutive year Darden donors have contributed more than $1 million in a single day to the Darden Annual Fund. Across UVA, Darden raised the most dollars of any school for the fourth consecutive year and, for the first time on GivingToHoosDay, earned the top spot for number of donors to an individual school or unit.