• Giving by the numbers >

  • Commitments: Annual Totals

    A tally of gifts and pledges made between July 1, 2013, and June 30, 2014, commitments reached $502.5 million.

  • Cash: Annual Totals

    The cash total of $441.4 million reflects new gifts and pledge payments received during the fiscal year.

  • Commitments by Source

    Individual donors, including alumni, parents, and friends, provided more than 74 percent of total giving. Corporations and foundations provided another 21 percent.

  • Endowment Funding Support

    The Endowment contributed $1.0 billion of spending, allocated to university operations as shown here. Twenty-four percent of new gifts and pledges, or $121.6 million, were directed to the Yale Endowment. These gifts and a 20.2 percent return helped the Endowment reach an all-time high of $23.9 billion.

  • Impact of Gifts to the Endowment

    Since 1950, more than 77 percent of the Endowment’s value has derived from gifts and the investment performance on those gifts. Over the past twenty years, the Endowment has significantly outperformed its peers with annualized returns of 13.9 percent as of June 30, 2014.

  • Effect of Investment Performance on Gifts

    Endowment performance can multiply the impact of giving. Over the ten years ending June 30, 2014, a $100,000 scholarship established at Yale would have grown to $284,676, exclusive of spending. With annual payouts, this same fund would have produced $68,789 to support students, finishing at $179,146.

The Financial Story

Advancing Yale’s mission
In the fiscal year ending June 30, 2014, donors contributed $502.5 million in new gifts and pledges to Yale. Alumni, parents, and friends led in this extraordinary outpouring of support, advancing key initiatives in teaching, research, and student life while helping to reduce the budget deficit.

Among the highlights was the completion of a multi-year effort to fund two new residential colleges. In the push to the finish, an anonymous donor offered a $25 million challenge, quickly matched, and the Class of 1964 made a 50th Reunion class gift that sent fundraising past the $500 million target.

In Yale Law School, a leadership gift of $25 million from Christina and Robert C. Baker ’56, ’59 LL.B. set the stage to return dormitory living for law students. With additional funding, the school aims to renovate 100 Tower Parkway beginning in 2018; when complete, the building will reopen as Baker Hall.

Several gifts were directed to enhance teaching. Robert Rosenkranz ’62 established the Rosenkranz Fund for Pedagogical Innovation. Antonio Magliocco, Jr. ’74 and Carla Solomon ’75 contributed to Yale’s Science Teaching Fund. Richard C. Glowacki ’54 endowed an Entrepreneurship Initiative in Yale School of Management, and Tarek Sherif ’84 gave to programs in the Yale Entrepreneurial Institute.

Donors were also generous to Yale Athletics. Supporters, including many former athletes, provided new endowments for football, lacrosse, and crew, advancing a goal to fully endow Yale’s varsity sports programs.

These are but a few examples of giving that touched every area of the university—students, faculty, programs, the arts, collections, and the campus.

Volunteers inspire record giving
The active involvement of volunteers played a critical role in generating support for Yale. Members of the Yale Development Council helped to guide fundraising efforts and were generous with their own giving. The new Asian Development Council extended Yale’s presence in China, India, and East Asia, and the Yale Parents Leadership Council in its second year of operation increased its membership and impact. These groups were complemented by an enthusiastic cadre of annual giving class agents and reunion volunteers, as well as a number of school-specific volunteer groups, who led the way to record giving.

All told, annual giving reached $35.2 million, while reunion giving secured $45.6 million. Yale College parents contributed a new high of $30.2 million, including support from alumni and non-alumni parents for the Parents Annual Fund and restricted gifts from non-alumni parents. Overall, donors contributed a total of $243.8 million to current use funds and $121.6 million to the Endowment, which grew to a new high of $23.9 billion.

Among corporations and foundations, giving reached a record $107.4 million, including a $30 million grant from Gilead Sciences, Inc. The largest single contribution to Yale in 2013–2014, this grant funds the next phase of a ten-year alliance to develop new cancer drugs.

Together, these remarkable gifts had a lasting impact, helping to renew Yale’s campus, enhance collections, accelerate vital research, and re-envision excellent teaching for the twenty-first century.