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Donations from CC alumni increase to $42.2 million in FY 2016

July 19, 2016 Updated: July 19, 2016 at 4:42 pm
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Over the past year, Colorado College alumni dug deep in their pockets to donate money to their alma mater.

The private, liberal arts college in Colorado Springs received $42.2 million in cash, pledges and estate commitments during the fiscal year ending June 30, according to a news release issued Tuesday.

The 6,005 alumni who gave to the college in the 2016 fiscal year is the most since 2008.

CC President Jill Tiefenthaler said that in order to make a greater impact, the college is focusing on three funding priorities: scholarships for students, renovation of Tutt Library and innovation programs.

A $10 million anonymous donation for endowed scholarships for CC students launched a challenge calling for others to make gifts or estate donations, with 15 donors responding with endowed scholarships in the 2016 fiscal year.

The library renovation broke ground in May, and fundraising is continuing.

When completed in fall 2017, the revamped library will have more seating, technology throughout the building, collaborative and and individual study spaces and a café.

The college’s development of innovation programs also made progress during the past year. Three inaugural Innovators in Residence were on campus; 15 Innovation Thursdays, attracting prominent innovators to Colorado Springs were held; and the fourth annual Big Idea pitch competition, in which students compete for $50,000, took place.

CC also received an $8.5 million gift, $6 million of which will help fund a $15 million innovation building on the college’s campus ,and $2.5 million of which will endow a directorship in innovation.

“Every gift to Colorado College truly makes a difference,” Tiefenthaler said. “Our increase in alumni giving provides important funding and strengthens the Colorado College network and the relationships that are formed here.”

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