Centenary raises over $5 million in most recent fiscal year
SHREVEPORT, LA — Centenary College ended its fiscal year on June 30 with an impressive $5.1 million fundraising total, including a $2 million anonymous estate gift announced in early June.
"One of the things I found most attractive about Centenary during my interview process was the obvious passion that so many alumni and other supporters have for the institution," says Dr. Christopher L. Holoman, who became the College's 31st president in July. "This year's fundraising efforts are a testament to that spirit and also to the hard work of our development team."
In addition to the $2 million gift, Centenary raised nearly $500,000 in endowment funds that will support student scholarships and college operations. Generous gifts from alumni and friends of the College allowed Centenary to award $9.4 million in institutional aid during the 2015-2016 academic year. 99% of Centenary undergraduates receive some form of financial aid.
"We are proud to be able to support so many deserving students while they pursue an outstanding education at Centenary," says Fred Landry, Vice President for Development. "Our alumni continue to respond to the call to give back to the place that has given them so much. Some of our newer initiatives, such as targeted Giving Networks and the online Giving Tuesday program, have boosted alumni engagement."
Centenary was recently the only private institution in Louisiana to receive an "A" grade for financial health from Forbes magazine. Consistent successful fundraising campaigns are an essential component in maintaining the criteria that Forbes considers for this annual ranking.