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PSU says fundraising rebounded last year

STATE COLLEGE, — Penn State said Monday its fundraising efforts bounced back last year after a drop-off in donations followed the arrest of former assistant football coach Jerry Sandusky on child molestation charges.

Total alumni giving reached nearly $88 million in the year that ended in June, up from about $71 million a year earlier but still down from $131 million in 2010-11. That year a major donation for the school’s hockey program caused a spike in donations.

The total number of donors rose to an all-time high of about 193,000, and the school was 92 percent of the way toward meeting a $2 billion goal for a campaign that began in 2007. “For the Future: The Campaign for Penn State Students” has raised $400 million for facilities and $688 million toward the endowment, in addition to hundreds of millions of additional funds.

Rod Kirsch, vice president for development and alumni relations, said giving to the university remained solid despite the Sandusky scandal, a transition to a new president, a rough national economy and uncertainty about federal tax laws.

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