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NDSU Foundation reports record fundraising for 2017

A bison statue seen June 14, 2016, on the North Dakota State University campus in Fargo. Forum file photo

FARGO — North Dakota State University's alumni and friends contributed a record $59.9 million in its fundraising efforts for 2017.

The mark surpasses the $52.3 million raised or pledged in 2016, according to figures recently released by the NDSU Foundation.

Last year, benefactors gave more than $47 million in cash and pledges, including $500,167 in cash donations received on NDSU Giving Day, a one-day online fundraising campaign, and $461,661 raised during the annual NDSU Bison Bidders Bowl.

Support also included $12.38 million in deferred gift commitments and $200,000 in state matching funds through the North Dakota Higher Education Challenge Fund. Almost $22 million in new gifts were designated for the College of Health Professions' Sudro Hall expansion.

"We are grateful for the tremendous generosity of our alumni, friends and the state's Challenge Fund," NDSU President Dean Bresciani said in a statement. "NDSU's benefactors are making a lasting impact on students' lives and they're empowering the university to build on its strengths as a student-focused, land-grant research university."

The foundation transferred more than $8.24 million to the university last year, including $4.1 million to increase support for student scholarships. The NDSU Foundation's permanent endowment totaled $201.6 million at the end of 2017, up from $166 million the year before.

"Thanks to NDSU's generous benefactors, the foundation has concluded its most successful year ever," said Steve Swiontek, chairman of the foundation's executive governing board.