July 14, 2022: Generosity Caps Successful Year End Fundraising

12 July 2022

The Carleton Development and Annual Fund teams are pleased to announce fundraising results from the recently completed fiscal year. Carleton received $65.2 million in new cash and commitments this fiscal year, and a cash received total of $48.2 million.

While donors supported many programs at Carleton through their giving, we saw continued robust support for financial aid in particular, both through endowed gifts and current operating support. At reunion convocation in June, the Classes of 1997 and 1972 announced generous class gifts of $475,000 and $38.9 million, respectively. The Class of 1972’s gift is the second largest fiftieth reunion gift in Carleton’s history, and the Class of 1997’s gift, which is directed to the Annual Fund, is the fourth largest 25th reunion gift in Carleton’s history. This transformative support will positively impact Carls now and in the future. Thanks to campus partners who helped make our first in-person reunion since 2019 a huge success and buoyed the tremendous generosity of our alumni.

Thanks to the work of hundreds of volunteers who encouraged classmates and fellow parents to support Carleton, the Annual Fund raised a new record of $10.7 million for the college’s operating budget, from more than 11,000 alumni, parents and friends. Included in this total is $390,000 to support inclusion, diversity and equity work. Gifts from individual donors ranged from $1 to $200,000.

The Schuler Access Initiative, which aims to provide increased financial aid for Pell-eligible and undocumented students now and in perpetuity, raised $19.8 million in new gifts and commitments this year, and $29.8 million overall has been raised towards the $50 million goal. These gifts will be matched by the Schuler Educational Foundation.

Becky Zrimsek ’89, Assistant Vice President for External Relations