Record Donations to Mary Baldwin University in 1998-99

July 30, 1999

Mary Baldwin University officials report a record level of donations for the College’s most recent fiscal year, 1998-99, which closed on June 30. Mary Baldwin raised a grand total of $8,210,340.27 in cash compared with $4,914,795.04 in 1997-98.

Mark Atchison, Vice President for Institutional Advancement, said, “Mary Baldwin is nationally recognized as a leading liberal arts college in the South. We are grateful to the many alumnae and friends of this College who invested in Mary Baldwin last year. Their generosity made it a record year.”

“Support for our Annual Fund has exceeded $1.3 million for the second year in a row. In addition, the College received over $4.75 million in gifts to the endowment compared to $1.13 million last year. Gifts to endowment are invested and provide permanent financial support.”

Not included in these totals are planned major gifts, which have also increased dramatically over recent years. Martha Masters, Director of Planned Giving, said, “Donors across the country are realizing the benefits of coordinating their financial planning-retirement or estate planning, for instance-with their charitable giving.” Planned gifts involve assets other than cash and can result in benefits to the donors and their families as well as to charitable organizations.

Mary Baldwin University, founded in 1842, is a four-year, liberal arts college primarily for women located in Staunton, Va. (Men are admitted as students in the Baldwin Online and Adult Programs and in the Master of Arts in Teaching Program.) Mary Baldwin offers the B.A. and/or B.S. in 32 majors as well as the M.A.T. degree. The oldest women’s college affiliated with the Presbyterian Church U.S.A., Mary Baldwin was also the first women’s college to be granted a circle of the national leadership honor society Omicron Delta Kappa. The college also has a chapter of the prestigious Phi Beta Kappa honor society.