When you can raise more than $1 million in a single day of giving from the largest number of Drexel donors ever — as the University did in May 2021 for the first time — you must be doing something right.
In fact, every year since its launch, the Campaign for Drexel has fueled the University’s capacity to prepare students for academic and professional success, create solutions to urgent societal challenges, and affect positive change for communities in Philadelphia and beyond. And our donors’ incredible generosity helps sustain a University whose mission is critically needed in a challenged and changing world, and helps secure Drexel’s future as an innovative leader in higher education.
Especially in the last year, our alumni and many other friends propelled our great teaching and research enterprise to new heights. Their generous support powered the Campaign for Drexel past its $750 million fundraising goal – six months prior to the Campaign’s close – in support of scholarships, faculty chairs and other academic enhancements and initiatives.
Through the Campaign, we have established more than 175 endowed scholarships and more than a dozen endowed professorships. We also launched many important initiatives and centers, including The Ubuntu Center on Racism, Global Movements and Population Health Equity with a significant gift from alumna Dana Dornsife and her husband, David. At Drexel’s new Center for Black Culture, supporters are funding scholarships, stipends, new spaces for social activities, art installations and events, as well as a library. Gifts from two anonymous donors will establish an artist-in-residence program at the Antoinette Westphal College of Media Arts & Design and support exhibitions and research and curatorial fellowships at the Robert and Penny Fox Historic Costume Collection. And a dozen students will be chosen each year through the new Nina Henderson Provost Scholars Program, made possible by support from Nina Henderson, vice chair of the Board of Trustees and a Drexel alumna.
More recently, two major gifts built on previous commitments to Drexel, continuing a legacy of support to the University and demonstrating confidence and trust in our mission and leadership. The Charles and Barbara Close Foundation, which made a naming gift creating the Charles D. Close School of Entrepreneurship nine years ago, is providing additional funding to the school. And through a gift to the Lindy Institute for Urban Innovation, Alan, Elaine and Frank Lindy are furthering the philanthropic vision of their late father, Philip B. Lindy.
Thanks to prudent stewardship, the University’s endowment grew over the past year by more than 21 percent, hitting the $1 billion mark for the first time in Drexel’s history on Aug. 31.
More than 40,000 alumni have shown their support through donations, volunteering, mentoring students and attending events, exceeding our original goal of 35,000 engaged alumni.
Running the numbers, the Campaign provided the following for select priorities: $163 million for research initiatives; $157 million for scholarships and co-ops; $139 million for academic support; $65 million for the Academy of Natural Sciences of Drexel University — which celebrated its 10th year affiliated with Drexel; $46 million for civic engagement; $32 million for learning spaces; and $32 million for professorships and chairs.
We are grateful to everyone who has supported our dynamic community of innovators that strives both to ensure that talented students from all backgrounds have access to a transformational educational experience, and to put our knowledge to work in service to society.