U of Illinois donations fall 10 percent, but still top $220M

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URBANA, Ill. (AP) — Donations to the University of Illinois fell 10 percent in the fiscal year that ended June 30 but still totaled more than $220 million for a fourth straight year.

The UI Foundation announced the numbers Friday.

The (Champaign) News-Gazette reports (http://bit.ly/2d2YgAE ) that the university’s fundraising arm recorded $224.7 million in cash gifts, pledge payments, annuities and estate distributions in fiscal 2016 for its three campuses.

That’s down from $251.5 million in fiscal 2015.

The combined endowment also dropped in value, from $2.5 billion in 2015 to $2.43 billion this past year. Officials said that was due in part to the market impact of Britain’s vote in June to leave the European Union.

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U of Illinois donations fall 10 percent, but still top $220M

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