Bethune-Cookman see endowment growth

Photo: Bethune Cookman University President, Dr. Trudie Kibbe Reed.

Bethune-Cookman University is the only school to earn a bullet as a fast-riser in this week's issue of the Chronicle of Higher Education.

President Trudie Kibbe Reed and her board have infused energy and ideas into the fundraising effort, growing the endowment at the end of fiscal year 2007 to $42.9 million, a 21.2-percent growth.

"We asked alumni to give every month, as if they were tithing in church,’’ Reed told us this morning. “We went from 7 to 64 percent in alumni giving."

Reed said the endowment has gone from $24 million when she started in 2004 to about $47 million, but the recent market downturn has it back down to about $44 million.

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