The University of Massachusetts raised more than $100 million in private funds in fiscal 2013, exceeding its goal and encouraging even a higher one for the future, officials said Wednesday.
During the fiscal year, which ended in June, UMass raised $103.7 million across its five campuses. The goal had been $102.7 million, UMass said in a statement.
“We asked the Commonwealth to do more by increasing state funding for the University of Massachusetts. . . . We at the same time challenged ourselves to improve our performance in the fund-raising area — and breaking the $100 million mark certainly indicates that we are having success,” Robert Caret, president of UMass, said in the statement.
The funding total is a 12 percent increase from fiscal 2012.
The success has encouraged UMass to raise its goal for fiscal 2014 to $106.8 million, university officials said.
“The campuses are doing a much better job of reaching out to donors,” said Ann Scales, a UMass spokeswoman. “I think it’s a testament to what Massachusetts residents place on the quality of education.”
UMass is also planning its first ever systemwide capital campaign.