Everything. Everywhere. All at Once
Academics. Campus-wide programs. Financial aid. Athletics. The Brown Annual Fund has a direct impact on nearly every nook and cranny of College Hill. It’s the University’s primary vehicle for immediate-use funds, and it’s integral to Brown’s ability to respond to unanticipated needs and emerging opportunities. But as Brown grows, so do those needs and opportunities. To help meet that growing demand, the Annual Fund was turned into a family of funds in 2019.
“We live in an ever-changing world and, therefore, need to be as adaptable as possible,” says Pamela Reeves ’87, P’22 — former Annual Fund co-chair and current vice chancellor of Brown. “With this family of funds, donors to the Brown Annual Fund empower the University to be more nimble, and to create the greatest value from each dollar raised.”
The restructuring led to the creation of The Brown Fund — a fund for unrestricted gifts that delivers on the Annual Fund mission of supporting Brown’s most pressing needs. Nowhere is that need greater than financial aid.
This year, Brown’s total budget for financial aid is $186.2 million — roughly 12% of the University’s overall budget. Across the country, the cost of college tuition has skyrocketed with average tuition and fees jumping by 144% in the past 20 years. Like many private institutions, Brown is not immune to this trend. However, as the cost of a Brown education has risen, so have gifts to the Annual Fund. With increased philanthropic support for financial aid, the University is able to meet the demonstrated need of any deserving student accepted to Brown — regardless of their socioeconomic status.
“Telling students and their families that a Brown education is affordable and possible for them is something I truly treasure,” says Dean of Financial Aid Jim Tilton. “I’d be having far fewer of those conversations if not for our Annual Fund. Contributions from the Brown community have allowed us to build one the most generous financial aid programs in the nation.”