By Todd Cohen
GREENSBORO, N.C. — Guilford College received more than $3.4 million in cash gifts in December, bringing to $33.3 million in gifts and pledges the total raised in the school’s $50 million capital campaign.
Most of those funds will count in meeting a challenge by the Kresge Foundation in Troy, Mich., which has agreed to give the school $1 million if it can raise $7.8 million by Jan. 1, 2002.
Guilford in December received 955 separate gifts from 776 donors, including two donations of more than $500,000 each and three others between $100,000 and $500,000.
Charlie Patterson, vice president for institutional advancement, said he expected to receive another $1 million this month.
December typically is a big month for giving because donors want to make gifts before the end of the tax year to take advantage of tax deductions, Patterson said.
Gifts in December more than tripled the $944,292 in cash gifts in December 1999 and nearly reached the $3.8 million received during the 1999-2000 academic year.
The school’s previous record-high month was December 1997, when it received $2.3 million.