Penn Champions Club Raises $61.3 Million in commitments and $21.6 Million in cash receipts during 2020-21 fiscal year
PHILADELPHIA – The Division of Recreation and Intercollegiate Athletics at the University of Pennsylvania and the Penn Champions Club achieved another historic fundraising year during the 2020-21 fiscal year beginning July 1, 2020 and concluding June 30, 2021, the final year of the Game Onward Campaign. During that time, the Penn Champions Club raised $61.3 million in commitments towards Penn Athletics’ highest priorities including annual fund support, endowment commitments, and capital projects. This marks the second time in Penn Athletics’ history and in the Game Onward Campaign that commitments for Penn Athletics exceeded $60 million. The last time was during FY19 when the Penn Champions Club raised over $64 million in commitments. Total cash-in for the Division finished at $21.6M in FY21, marking the third highest year ever and fourth time in Penn Athletics history that cash-in receipts exceeded $20M, all achieved during the Game Onward Campaign.
The extraordinary fundraising year ending on June 30, 2021 formally concludes the Game Onward Campaign for the Future of Penn Athletics. The funds raised for Penn Athletics are part of the University-wide campaign, The Power of Penn: Advancing Knowledge for Good.
Highlights of the 2021 fiscal year include setting a new fundraising record for endowment dollars raised in a single year for Penn Athletics, representing one of the core priorities of the Game Onward Campaign. Donors committed $18.8 million in endowment gifts in FY21, providing lasting financial stability and helping Penn Athletics plan for the future. Another highlight from this year included funding for the Jane and David Ott Center for Track and Field, transforming space just south of Penn Park into one of the region’s premier indoor track facilities, the Franklin Field Locker Room and Meeting Space project, as well as contributions for the Penn Boathouse renovation on historic Boathouse Row. These capital gifts further establish Penn as having one of the best athletics infrastructures among its Ivy League peers and all urban campuses nationwide.
“As the new Athletic Director, I am enormously grateful for the support of our entire Penn Athletics community. The successful fundraising efforts over the last year will help us build on the distinguished history of Penn Athletics, while providing for an even more successful future,” the T. Gibbs Kane, Jr. W’69 Director of Athletics and Recreation Alanna Shanahan said. “The remarkable generosity of the Penn Athletics community has enabled us to get to this moment, transforming our programs and ensuring our prosperity for our student-athletes both now and well into the future.”
“Despite the many challenges over the last year, the generosity and passion of our alumni, parents, family and friends allowed us to not only reach but surpass our goals,” Senior Associate Athletic Director for Development and Alumni Relations Tim Folan said. “These gifts will have a significant impact on Penn student-athletes which will be felt for years to come, and we are truly grateful for the extraordinary dedication and hard work of the entire Penn Athletics community, particularly our Board of Advisors, our Campaign Steering Committee, and all volunteers across our 33 varsity teams and club sports. We look forward to building upon this momentum in the years following the Game Onward Campaign.”
The 2021-22 fiscal year is now underway. For those interested in learning more about supporting Penn student-athletes, please contact the Penn Champions Club at (215) 898-4717 or visit www.pennchampionsclub.com.