Anonymous $27M Donation Helps Give Rutgers University Record Fundraising Year

Ann McClure's picture

Rutgers University says it had a record fundraising year for the 12 months that ended June 30, largely because of an anonymous $27 million gift.

New Jersey's flagship state university brought in $137.4 million in private donations — up from $93.2 million last year.

The previous high was $128.6 million in the 2008-09 academic year.

The $27 million gift, announced Tuesday, is to help establish 18 new endowed chairs for faculty members.

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