Private Giving Reaches $11.7 Million
Posted: November 23, 1999 at 1:00 am, Last Updated: November 30, -0001 at 12:00 am
By Denise St. Ours
George Mason University received $11.7 million in private support for the fiscal year ending June 30.
The endowment, held and managed by the George Mason University Foundation, grew by almost 20 percent to $32.3 million. Its growth is due, in part, to $3.4 million in new gifts to the endowment, double the amount received during the previous fiscal year.
A $3.2 million gift from Arthur and Elizabeth Kellar of Fairfax for the Helen A. Kellar Institute for Human disAbilities was the largest donation of the fiscal year. The majority of that gift, $3 million, was contributed for endowment purposes.
Other major gifts include $2 million from the Charles G. Koch Charitable Foundation, part of its $10 million pledge to support research and education programs focusing on the application of market ideas, and $530,000 from the Theodore and Vada Stanley Foundation through the National Alliance for the Mentally Ill Research Institute, part of a new $1.85 million pledge to the Law and Psychiatry Center at the School of Law.