In the fiscal year ending June 30, Penn State alumni and friends set a new record for annual fundraising at the university.

More than 235,000 donors — also a record number — gave the university $369.5 million in the form of cash and other outright gifts.

“Thanks to our generous alumni and friends, we can continue to prioritize our students, expand access and empower every Penn Stater to succeed,” said President Neeli Bendapudi. “This historic level of support is a clear reflection of our community’s belief in the power of Penn State to transform lives and uplift the commonwealth and make a difference in the nation and world.”

This year’s fundraising success reflects primarily targeted support earmarked for areas that matter deeply to Penn State donors, and the results were driven by 19 commitments of $5 million or more, the highest total in any fiscal year. That number includes gifts to support the Beaver Stadium Revitalization project, which will fuel economic development in the Centre County region and generate increased revenue for all 31 NCAA Division I teams at the University and philanthropic investments in Penn State’s academic enterprise, such as an $8.5 million anonymous estate commitment to the College of Engineering.

The year-end totals also reflect support for student success initiatives, including a new gift from Steve and Nancy Sheetz to Penn State Altoona.

“Generosity shown by Penn Staters this year will touch every aspect of our mission, from offering a world-class education to students, to meeting the economic and health care needs of the commonwealth, to pursuing research with the potential to shape our shared future,” said David M. Kleppinger, board of trustees chair. “As we work toward long-term financial strength for the institution, philanthropy is an opportunity for supporters to communicate their own values and their vision for Penn State.”

THON, the nation’s largest student-led philanthropy, secured $17.7 million in 2025, surpassing past totals, and more than 9,700 donors helped to achieve a new high of $1.7 million during the University’s 10th annual GivingTuesday. Industry and foundation partners stepped forward as well, with corporate support totaling $125.8 million.

The year-end results reflect broad-based support and engagement spanning the entire Penn State community, said Alyssa Wilcox, vice president for development and alumni relations.

Several other units had standout years. Thanks to support for the Arboretum at Penn State, Outreach topped its record, and the Smeal College of Business and Penn State Health and Penn State College of Medicine also surpassed their historic highs with new scholarships, faculty endowments, research funds and other gifts that will further their academic missions.

The university is now preparing to launch its 2026 fundraising campaign.