With $151.8M haul, University of South Florida breaks fundraising record

The University of South Florida garnered more than $151 million in donations during its 2022 fiscal year, the most generous level of support in the institution’s nearly 70-year history, according to a news release. More than 34,000 donors contributed gifts to the Tampa university, which also has campuses in St. Petersburg and Sarasota.

The $151 million shatters USF’s previous fundraising record, set in 2015, and marks the fourth-straight fiscal year that charitable giving has topped $100 million.

“Our university has a history of setting ambitious goals and surpassing expectations,” USF President Rhea Law states in the release. “I want to convey my deep gratitude to the thousands of USF donors who made this remarkable, record-setting achievement possible. It demonstrates how our community is investing in USF like never before, which will only help fuel our upward trajectory and lead to even greater impact on our students, faculty, region and beyond.”

The $151.8 million included contributions from more than 6,300 new donors, the release states.

“We are deeply grateful for the continued generosity of our USF family,” USF Foundation CEO Jay Stroman states in the release. “The growing support from our Bulls community is changing the trajectory of our university, across all of our colleges and campuses. These investments in USF empower our faculty, physicians, scientists and staff members to better serve our immensely talented and diverse student body, increasing their success and advancing research endeavors that have a global reach.”

USF says the funds will support several key initiatives, including the construction of a new indoor sports training facility on the Tampa campus, as well as USF Health’s new Ubben Family Center for Pulmonary Fibrosis, the latter made possible by a $5 million gift from the late Timothy Ubben, the founder of Lincoln Capital Management, a Chicago-based investment firm.