The UMBC endowment reached $96 million at the close of the fiscal year, with existing pledges from several of our largest donors that will take us over $105 million. We raised more than $14 million in gifts and pledges in FY 2018, bringing our campaign grand total to more than $107 million. We are more than 70% of the way toward meeting our $150 million campaign goal. Our fundraising efforts have been directed toward institutional priorities, including student scholarships, fellowships, and internships; faculty development and research; and K-12 initiatives. Congratulations to Greg Simmons, MPP ’04, and all of our colleagues who have been involved in this effort.
The fiscal year 2019 budget totals $451 million, a 1.8% increase over the fiscal year 2018 working budget. The budget includes an additional $7.6 million in State funding, a 6.2% increase.