The Financial Story

A year of transition

Fiscal 2012–2013 ended on a Yale milestone: President Richard C. Levin ’74 Ph.D. stepped down after twenty years in office, to be succeeded by former provost and Yale College dean Peter Salovey ’86 Ph.D. Donors were generous in support of the university and its leadership, providing $605.9 million in new gifts and commitments to benefit students, faculty, research, collections, and the campus.

Also making history was Charles B. Johnson ’54, whose transformative commitment of $250 million—Yale’s largest ever—will help fund the construction of two new residential colleges. Other highlights included a gift of $10 million from the Sol Goldman Charitable Trust, under the direction of Jane Goldman P ’14, endowing two faculty chairs and an undergraduate scholarship fund. The Blavatnik Family Foundation, led by Len Blavatnik, provided $10 million to support the medical research of Ruslan Medzhitov and Richard Flavell. And a group of grateful alumni and friends contributed more than $35 million to the endowment in honor of Yale’s chief investment officer, David Swensen ’80 Ph.D.

A base for tomorrow’s excellence

This spirit of generosity was evident across Yale’s community of alumni, parents, friends, corporations, and foundations, with contributions setting a record pace. Many gave to honor President Levin, while others answered his call for funds that would provide flexibility to incoming President Salovey in his first year of leadership. Donors contributed a total of $228.3 million to current use funds and $143.2 million to the endowment—funds that will grow and support Yale’s mission in perpetuity.

Annual giving in 2013 reached $34.0 million, with new records set by the annual funds of Yale College, the Graduate School, and several professional schools. Reunion giving secured $50.8 million, with three classes setting reunion records.

Giving by Yale College parents reached a new high of $27.2 million. This figure included a record level of support from alumni and non-alumni parents for the Parents Annual Fund and generous restricted gifts from non-alumni parents for core priorities such as undergraduate financial aid, teaching, and research.

Among corporations and foundations, giving reached a new record of $101 million.

The impact of giving was felt across the university, from student life to classroom teaching and from collections to laboratories. Thank you, everyone, for your support.