COLUMBIA — MU set a single-year fundraising record in 2013-14, raising $164.5 million, beating out the previous record of $160.5 million raised in the 2007-08 fiscal year.
The goal for the year was $150 million, according to a Tuesday news release from the MU News Bureau.
The $164.5 million includes a "an eight-figure gift" that has not been announced. Tom Hiles, vice chancellor for advancement at MU, said he thinks it will be made public in September but would not say how much the donation is or how it will be used.
"All I can say that it is for an academic unit, not an athletic (unit)," Hiles said.
This is the third year in a row the university has received a gift in the eight-digit range. In 2013, the Donald W. Reynolds Foundation gave $30 million to the School of Journalism. In 2012, the Kansas City Sports Trust gave Intercollegiate Athletics $30 million as well.
Hiles said donors want to see that their money has mattered to the university, whether through funding new research or helping to construct university centers, such as a planned center for constitutional democracy.
"Donors who give these million-dollar gifts want to see an impact," Hiles said. "They want to see a return of investment."
Private fundraising continues to grow in importance to MU. "If you look across the board, it is increasingly a critical part of the strategic plan of all universities," Hiles said.
The focus of the One Mizzou comprehensive fundraising campaign, still in its planning stages, is to support MU's people, places and programs with private philanthropy, the release said. Hiles said the university anticipates the program will have a public kick-off sometime between the fall of 2015 and the spring of 2016.
Richard Miller, one of three co-chairs of the One Mizzou campaign, said in the release that with fewer funds coming from the state, the university must seek support elsewhere.
"With reduced state support, the university must rely more and more on private support," Miller said.
Supervising editor is Elizabeth Brixey.