The University of California, San Diego said it hit record fundraising totals this year, garnering $177.5 million as well as a $100 million donation from the Rady family to fund an endowment for the university’s business school.
The $177.5 million in fundraising was 20 percent higher than last year’s figure and was made up of 43,000 gifts and grants. The Radys’ endowment, announced in April, will be given over several years and will be used to grow the Rady School of Management’s faculty. The Radys’ donation was not part of the fundraising total.
UCSD Health Services received the bulk of the donations, with $99.1 million in private support. More than $20 million was earmarked for the upcoming Jacobs Medical Center, which UCSD said is the largest hospital project in Southern California and will have 245 private beds.
The largest source of funding was from foundations, including Price Philanthropies, which donated $6 million to establish an ocean science education fund in its name at the Scripps Institution of Oceanography. Foundations donated $67 million to the university this year.