Sweet Briar exceeds fundraising goal again

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SWEET BRIAR, Va. (CBS19 NEWS) -- For the third year in a row, Sweet Briar College has exceeded its fundraising goal.

According to a release, the college got gifts and pledges totaling $18.4 million during fiscal year 2018, including donations for people, corporate and foundation gifts, grants, and future commitments.

The release adds that $13 million of these gifts is for fiscal year 2018, while the rest will come as future support.

There were also contributions to the college's endowed funds, which help scholarships, faculty, and academic programs.

"I'm in awe of the generosity of our alumnae and friends," said Mary Pope M. Hutson, vice president of alumnae relations and development. "Their generosity not only ensures that we'll be able to continue to educate fierce women, but also that we'll be able to be a leader in the future of higher education."

The release says corporate and foundation giving increased by 15 percent over last year, highlighting a grant from the Lettie Pate Whitehead Foundation and renewed commitments by the Andrew W. Mellon Foundation as well as the Jessie Ball DuPont Fund and the Roller-Bottimore Foundation.

Donations helped the college renovate several resident halls and supplied funding for more than 250 scholarship funds to bolster recruiting efforts among other impacts.

Back in 2015, Sweet Briar College almost closed its doors permanently due to financial problems. Alumnae and organizations raised funds to keep the school going.

Since then, the college has raised $53.7 million.

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