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Saturday, September 09, 2006

Tech fundraising nets $75 million

Virginia Tech followed up its most successful fundraising year with a nearly identical effort, according to figures released by the university last month.

The university raised about $75.3 million in the 2005-06 fiscal year, about $1.2 million less than the previous year.

While alumni giving increased by about $7 million from last year to $32.7 million, corporate giving, giving from friends and giving from foundations decreased by a total of about $9 million.

The nearly 4,000 undergraduates in the class of 2006 gave $6,136 by June 30 -- a figure nearly identical to the 2005 class gift of $6,144 by that date.

Tech President Charles Steger matched the gift for the 2006 class to encourage the students to give.

-- Greg Esposito
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