The endowment provided an all-time high of $281 million for financial aid and student support, scientific research and other priorities in Fiscal Year 2024, as Brown’s investments generated $728 million in gains, an 11.3% return.
President Christina H. Paxson wrote to the campus community about priorities for raising funds for research, teaching and student support before the campaign’s culmination in December 2024.
Cementing a future that supports students from all income levels, the Brown Promise initiative exceeded its ambitious $120 million fundraising goal to replace loans with scholarships in University financial aid packages.
The gift from Chancellor Samuel M. Mencoff and Ann S. Mencoff will support M. Grace Calhoun and fellow athletics leaders in implementing a new strategic plan for Brown’s Division of Athletics and Recreation.
Appointed Brown’s 19th president in 2012, Christina H. Paxson has guided the University through major accomplishments and national moments of challenge, and she looks forward to achieving more in the years to come.
The largest gift for international financial aid in University history, from alumni Aysha and Omar Shoman, will expand Brown’s ability to educate the most exceptional international students from all socioeconomic groups.
With professional accomplishments in community building and more than a decade of volunteer leadership with Brown, Langway will return to College Hill to lead efforts to cultivate and sustain strong alumni relationships.
Priorities for the campaign’s extension include raising funds for research and teaching in medicine, public health, engineering and the arts, as well as student financial aid, career services and Brown Athletics.
Generous support from the Legorreta family will propel plans for a world-class, nationally designated cancer center at Brown that will turn basic science into treatments for patients in Rhode Island and beyond.
Having reached its target more than a year ahead of schedule, the University will continue raising funds for student scholarships and faculty research, while establishing new goals in the months to come.
The approved $1.34 billion base budget strikes a deliberate balance between long-term financial sustainability, economic recovery from COVID-19, and continued investments in academic excellence and support for students.
By bringing together biomedical research and discovery with world-class physician-scientists advancing care for patients with Alzheimer’s, the center aims to accelerate the pace of development for novel treatments and cures.
With continued momentum in support of Brown’s diversity, equity and inclusion initiatives, new BrownTogether gifts and grants are catalyzing research on race and inequity, and supporting students from underrepresented groups.
The latest major investment in Brown’s cutting-edge brain science research, the generous gift will support computational brain science and endow a program to promote innovative research.
A generous gift from U.S. Army veteran and Brown parent Joseph P. Healey will provide crucial support for Brown’s plan to double the number of student veterans enrolled as undergraduates by 2024.