Le Moyne’s Gift Contributions

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Le Moyne has received $51.7 million in “gifts, grants, contributions and membership fees,” from 2011 to 2015, according to public documents the college files with the IRS.

This public support helps offset the cost to students. In 2015-2016 academic year, the college’s total revenue was $127,252,629.00, while public support totaled to $11,949,274.00, about 9.3% of the college’s overall revenue.

According to Joe Della Posta, Le Moyne’s Director of Communications and Public Affairs, the public support Le Moyne has received includes things such as, gifts and donations that have been earned through Le Moyne’s fundraising efforts as well as receiving donations made by alumni and friends of the college. Many of the donations from alumni and friends of Le Moyne are utilized towards funding student scholarships of the donor’s choosing. The increase in both gifts, government grants, and private foundations are due to the efforts of the College’s Advancement Division said Della Posta.

Some figures that were reported by Della Posta to help understand where some of this money is coming from in terms of public support between 2014-2016 are:

  • In 2016, donors’ contributions surpassed $2 million in unrestricted (money that wasn’t designated to go towards one specific objective) gifts for the first time.
  • Over the past five years unrestricted support is up by 35%.
  • Over 200 employees made gifts for the first time in Le Moyne history, contributing over $70,000, 13% more than the previous year.
  • In Government and Foundation Relations, a record-breaking $5.3 million was given to Le Moyne.
  • Attendees and sponsors of our Founder’s Day and Le Moyne in New York events provided $362,000, 17% of the unrestricted total, and a new record for Le Moyne in 2016.
  • Every member of the Board of Trustees and the Board of Regents made a gift and 98% of the Alumni Board contributed.
  • Over 1,000 donors made gifts of $1,000 or more.
  • The college had 6,708 donors in the years ‘15- ‘16.
  • Since June 1, 2014, the College has received 17 seven-figure commitments, more than any other three-year period.

Della Posta said the public support given to the college does positively affect many of its students because though the money is spent in many different ways, much of the money can be contributed to helping offset the cost of a Le Moyne education. The public support given to Le Moyne according to Della Posta can also include grants received from federal and state sources, as well as money that comes in from governmental agencies to help provide funding for financial assistance and financial student programs.

Some student programs that Della Posta contributed to bringing in funding were programs such as the Arthur O. Eve Higher Education Opportunity Program (HEOP), the Collegiate Science and Technology Entry Program (CSTEP) and Science and Technology Entry Program (STEP), the Upward Bound Program, and the Liberty Partnership Program (LPP), as well as other programs not listed. Some testimonies from students in the programs listed above show just how much the funding means to them and how it has changed their lives.

“HEOP is the reason why I’m at Le Moyne College,” said Abashmattie Deodat (Manisha) ’18. “I’m two months away from graduation and without HEOP I wouldn’t have made it this far. I’m very thankful for the program and all the doors that it has opened for me.”

Angela Cotto ’19 said that without HEOP she would probably have attended a CUNY school.

“I am a first-generation student and to attend college, my biggest worry was not being able to afford it,” Cotto said. “Le Moyne was the most affordable with the HEOP scholarship.”

 

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