The Price Center at UC San Diego. Photo by Alex Hansen  via Wikimedia Commons
The Price Center at UC San Diego. Photo by Alex Hansen via Wikimedia Commons

The University of California, San Diego raised a record $177.5 million from private sources in the 2014-2015 fiscal year, a 20 percent increase for the prior year.

The university announced Thursday it had received over 43,000 gifts and grants from alumni, other individuals and foundations.

“I am so grateful to our community of generous and visionary alumni and friends who helped UC San Diego achieve this fundraising milestone,” said Chancellor Pradeep K. Khosla. “These critically needed funds will help us realize our strategic plan goals which include a focus on students, research and public service.”

UC San Diego Health Sciences was the beneficiary of 56 percent of the total dollars raised, generating $99.1 million in private support. Much of that money was for the Jacobs Medical Center, currently the largest hospital project in Southern California.

The largest source of gifts to the campus was from foundations, with a total of $66.9 million raised.

In addition to the $177.5 million in gifts and grants, UC San Diego received a commitment for $100 million from Evelyn and Ernest Rady that will create an endowment to benefit the Rady School of Management.

Chris Jennewein is founder and senior editor of Times of San Diego.