Tag Archives: record

Bruno Mars wins Grammy for record and tune of the year

Image

Matt Sayles/ Assocaited Press Bruno Mars and Cardi B perform “Skill” at the 60th yearly Grammy Awards at Madison Square Garden on Sunday, Jan. 28, 2018, in New York.

Sunday, Jan. 28, 2018|7:57 p.m.

New York City– Bruno Mars’ “24K Magic” is giving the singer a solid gold night at the Grammys: He’s won five of the six awards he’s nominated for, and is still up for album of the year.

Mars won two of three greatest awards Sunday– record of the year for “24K Magic” and tune of the year for “That’s What I Like”– on Sunday at Madison Square Garden.

” My dad, if you’re enjoying this, I enjoy you,” stated Mars. “This is for the fans.”

Kendrick Lamar also got 5 awards, including finest rap album for “DAMN.” and finest rap/sung efficiency for “Commitment,” with Rihanna.

” This is special guy. I got a great deal of people in this structure that I still admire today,” stated Lamar, naming Jay-Z, Nas and Diddy as motivations.

At the end, Lamar closed with: “Jay for president.”

In the pre-telecast, Lamar won best rap tune, finest rap efficiency and finest music video for “SIMPLE.”

Lamar, chosen for seven awards, started the Grammys with a powerful and poignant efficiency featuring video screens displaying a waving American flag behind him, as background dancers dressed as army soldiers marched and moved behind. He was joined Sunday by U2’s Bono and The Edge, as well as Dave Chappelle– who informed jokes in between Lamar’s performance.

At one point, Lamar’s background dancers, worn red, were shot down as he rapped lyrics, later coming back to life as fire burst to end the six-minute efficiency.

Kesha gave a passionate performance at the Grammy Awards with the aid of powerful females behind her, consisting of the Resistance Revival Chorus.

She was joined by Cyndi Lauper, Camila Cabello, Julia Michaels, Andra Day and Bebe Rexha for her Grammy-nominated song, “Hoping.” Dressed in white, they won over the audience and hugged at the song’s end as some audience members sobbed, consisting of Hailee Steinfeld.

Kesha, who made her first pair of Grammy nominations this year, has remained in a legal war with former producer and coach Dr. Luke. Janelle Monae introduced the efficiency with strong words.

” We come in peace however we imply company. To those who would attempt try to silence us, we provide two words: Time’s Up,” Monae stated. “It’s not just going on in Hollywood. It’s not just going on in Washington. It’s here in our industry, too.”

Before the efficiency, Maren Morris, Eric Church and Brothers Osborne carried out a psychological performance of Eric Clapton’s “Tears In Heaven”– composed after his kid passed away– in honor of the 58 individuals who passed away at the Route 91 Harvest Celebration in Las Vegas in 2015. The names of the victims were displayed behind them as they performed.

The efficiencies were 2 of the program’s severe moments. Dozens of artists and music industry players also sported white roses in assistance of the Time’s Up and #MeToo movements versus sexual abuse and harassment.

Sting’s efficiency was somewhat political as he sang his 1987 song, “Englishman in New York City,” which includes the lyrics, “Oh, I’m an alien, I’m a legal alien, I’m an Englishman in New York City.”

Mars provided an energetic and colorful performance of “Finesse” with breakthrough rapper Cardi B; Pink was a singing powerhouse while she sang “Wild Hearts Can’t Be Damaged”; and Rihanna, DJ Khaled and Bryson Tiller collaborated for a dynamic efficiency of “Wild Thoughts.”

A shaking Alessia Cara won best brand-new artist, winning over SZA, Julia Michaels, Khalid and Lil Uzi Vert.

” Thank you to my moms and dads and my brother for thinking in me,” she stated, also prompting the crowd to “support genuine music and genuine artists due to the fact that everybody is worthy of the very same shot.”

Chris Stapleton won 3 awards, including finest nation album, finest nation tune and finest country solo efficiency.

” We constantly try to make excellent records … and I guess this is a testimony to that,” Stapleton stated.

The Rolling Stones picked up their 3rd profession Grammy– for best standard blues album for “Blue & & Lonesome,” while Ed Sheeran won best pop vocal album. Emmy and Golden Globe winner Childish Gambino, who got finest standard R&B efficiency, gave a smooth and sultry efficiency of “Terrified” in all-white featuring screeching high notes. Gambino was signed up with by young singer-actor, JD McCrary, who matched his vocals and sings on the original track.

Little Big Town, who sang their Taylor Swift-penned No. 1 hit “Better Man,” likewise won finest country duo/group efficiency with the tune. Girl Gaga won over the audience with a rousing efficiency of the tunes “Joanne” and “Million Reasons,” while Sam Smith provided an effective efficiency of the song “Pray

The Weeknd, Lin-Manuel Miranda, Reba McEntire, LCD Soundsystem, Portugal the Male and Shakira also won early awards. Benj Pasek and Justin Paul, both Oscar and Tony winners, won finest musical theater album for “Dear Evan Hansen,” shared with Tony winner Ben Platt.

Chappelle won finest funny album throughout the telecasted show.

” I am honored to win an award, finally, and I wanted to thank everybody at Netflix, at ‘Saturday Night Live,’ at ‘The Chappelle Program,'” he stated.

Pups were passed to the losers of finest funny album, consisting of Jerry Seinfeld, Sarah Silverman and Jim Gaffigan.

Posthumous Grammys were likewise handed out to starlet Carrie Fisher, vocalist Leonard Cohen and engineer Tom Coyne, who worked on Mars’ “24K Magic” album. Double winners consisted of Jason Isbell, Justin Hurwitz and CeCe Winans.

Upgraded: Banks Closed Record Quantity of Branches in 2017

Somewhat lost in the wave of store closure statements in 2015 was news that another significant user of retail area deserted a record amount of square video footage. U.S. banks accelerated their pace of branch consolidation in 2015, closing a net 2,069 locations, an 18% boost over the net number closed in 2016.

The net variety of closed branches totals up to about 10.46 million square feet of retail space closed based on the average size of existing U.S. bank branches. And that quantity does not consist of decreased square video from branch relocations.

That speed of closures might accelerate much more in 2018 as a variety of bank holding companies reported plans to release a substantial portion of anticipated cost savings from tax reform legislation enacted last month into increased spending on technology, expected to support increasing reliance on digital and mobile technology by bank customers to carry out more of their banking activity.

Wells Fargo & & Co. (NYSE: WFC )is the poster kid of the movement. It closed an internet of 194 branches in 2015 – the highest amongst all U.S. banks– and it expects to close 250 branches or more in 2018, plus as lots of as 500 in each 2019 and 2020.

” Based on our existing presumptions concerning consumer channel behavior and our own technology advances along with other factors, we can see our total branch network declining to approximately 5,000 by the end of 2020,” said John Shrewsberry, CFO of Wells Fargo.

As of Sept. 30, 2017, Wells Fargo ran 6,082 U.S. branches.

The bank is likewise minimizing homes and other businesses consisting of standalone mortgage locations and is transitioning operational activities in its vehicle company from 57 local banking centers into 3 bigger local sites.

[Editor’s Note: This story was upgraded at 9:20 am Thursday Jan. 25 with the following details about JPMorgan Chase.]

Even for bank holding companies with branch expansion strategies, the present might not lead to growth of their branch portfolios.

JPMorgan Chase today announced that it means to broaden its branch network into new U.S. markets, opening up to 400 brand-new branches over the next five years. These brand-new branches will directly employ about 3,000 individuals.

Presently, the firm has 5,130 branches in 23 U.S. states and plans to expand to 15-20 brand-new markets in a number of new states over the next 5 years.

” The heart of our company is our retail branches,” stated Gordon Smith, CEO of customer & & community banking, Chase. “We are a leader in 23 states, however aren’t yet in major markets like Washington DC, Boston, Philadelphia, and numerous others.

Still, JPMorgan Chase like other major nationwide and regional banking business, has actually been combining branches. Last year they closed 137 more branches than they opened. And because 2008, they have actually closed 1,467 branches and opened 1,251.

Asked what the net effect of the 400 new branches might be, a spokesperson for JPMorgan Chase, said just: “We continue to take our cue from our consumers. Over the last few years, we have actually opened branches where there’s need, closed or combined branches where there’s overlap or reduced foot traffic, and remodelled existing branches to better match how consumers use them now.”

Citizens Financial Group (NYSE: CFG) represents another method banks are taking in shedding excess space: lowering the overall square video of each branch.

” There’s a little bit of pruning of the variety of places, however the greater component of that program is aiming to take 4,200-square-foot branches and turn them into 2,500- or 2,200-square-foot branches,” stated Bruce Van Saun, chairman and CEO of Citizens Financial. “I ‘d state, by 2021, I believe we’ll have gone through 50% of the branches as the target.”

People operates more than 1,100 branches. The rent cost savings from the effort will be reinvested in digital innovations, Van Saun included.

Meanwhile, 85% of banks prepare to make digital change programs a company top priority for 2018, inning accordance with the EY Global Banking Outlook 2018.

” In order for banks to weather the efficiency challenges that lie ahead, they need to get ready for a future led by innovation and innovation,” stated Jan Bellens, EY Global Banking & & Capital Markets Deputy Sector Leader. “The rate of innovation continues to speed up, and banks must have a strategy in place to ensure their implementation of brand-new technology works.”

According to EY, 59% of banks surveyed prepare for that their technology financial investment budget plans will rise by more than 10% in 2018.

BB&T Corp. (NYSE: BBT) announced last week it will reserve approximately $50 million to purchase or obtain emerging digital innovation business to assist reduce its operating costs.

” A considerable investment in fintech [financial technology] puts BB&T on an aggressive speed to more quickly browse our digital plan and further foster a culture of development throughout the business,” stated W. Bennett Bradley, chief digital officer of BB&T. “Things are altering rapidly and we, like many banks, need to move quicker to fulfill and surpass our customers’ expectations.”

BB&T runs over 2,100 monetary centers in 15 states and Washington, DC.

Banks closing the most branch locations (internet) in 2017

Wells Fargo Bank, 194 (net closures)
JPMorgan Chase Bank, 137
The Huntington National Bank, 134
First-Citizens Bank & & Trust Co., 127
Bank of America, 119
SunTrust Bank, 119
KeyBank, 112
PNC Bank, 109
Branch Banking and Trust Co. (BB&T), 92
Capital One, 73

Updated: Banks Close Record Quantity of Branches in 2017

Somewhat lost in the wave of shop closure statements in 2015 was news that another major user of retail area deserted a record quantity of square video. U.S. banks accelerated their pace of branch consolidation last year, closing a net 2,069 places, an 18% increase over the net number closed in 2016.

The net number of closed branches totals up to about 10.46 million square feet of retail space closed based on the typical size of existing U.S. bank branches. Which quantity does not include lowered square footage from branch relocations.

That rate of closures might speed up a lot more in 2018 as a number of bank holding business reported strategies to release a considerable part of expected savings from tax reform legislation enacted last month into increased costs on innovation, anticipated to support increasing dependence on digital and mobile technology by bank customers to conduct more of their banking activity.

Wells Fargo & & Co. (NYSE: WFC )is the poster child of the movement. It closed a net of 194 branches in 2015 – the greatest amongst all U.S. banks– and it expects to close 250 branches or more in 2018, plus as numerous as 500 in each 2019 and 2020.

” Based on our current presumptions relating to customer channel behavior and our own innovation advances along with other aspects, we can see our total branch network decreasing to roughly 5,000 by the end of 2020,” stated John Shrewsberry, CFO of Wells Fargo.

As of Sept. 30, 2017, Wells Fargo ran 6,082 U.S. branches.

The bank is likewise lowering homes and other services consisting of standalone home mortgage places and is transitioning functional activities in its auto organisation from 57 local banking centers into 3 larger local websites.

[Editor’s Note: This story was upgraded at 9:20 am Thursday Jan. 25 with the following information about JPMorgan Chase.]

Even for bank holding companies with branch expansion strategies, the present might not lead to development of their branch portfolios.

JPMorgan Chase today revealed that it means to expand its branch network into brand-new U.S. markets, opening to 400 new branches over the next 5 years. These brand-new branches will straight employ about 3,000 people.

Presently, the company has 5,130 branches in 23 U.S. states and plans to broaden to 15-20 brand-new markets in numerous new states over the next five years.

” The heart of our business is our retail branches,” said Gordon Smith, CEO of consumer & & neighborhood banking, Chase. “We are a leader in 23 states, but aren’t yet in major markets like Washington DC, Boston, Philadelphia, and numerous others.

Still, JPMorgan Chase like other major national and regional banking companies, has actually been consolidating branches. In 2015 they closed 137 more branches than they opened. And given that 2008, they have actually closed 1,467 branches and opened 1,251.

Asked what the net result of the 400 new branches may be, a representative for JPMorgan Chase, stated only: “We continue to take our hint from our clients. Over the last few years, we’ve opened branches where there’s demand, closed or combined branches where there’s overlap or reduced foot traffic, and remodelled existing branches to much better match how customers utilize them now.”

Citizens Financial Group (NYSE: CFG) represents another technique banks are taking in shedding excess area: lowering the overall square footage of each branch.

” There’s a little bit of pruning of the number of locations, but the greater element of that program is trying to take 4,200-square-foot branches and turn them into 2,500- or 2,200-square-foot branches,” said Bruce Van Saun, chairman and CEO of Citizens Financial. “I ‘d state, by 2021, I think we’ll have gone through 50% of the branches as the target.”

People operates more than 1,100 branches. The rent savings from the effort will be reinvested in digital innovations, Van Saun added.

On the other hand, 85% of banks plan to make digital transformation programs a service top priority for 2018, inning accordance with the EY International Banking Outlook 2018.

” In order for banks to weather the performance challenges that lie ahead, they must get ready for a future led by innovation and technology,” stated Jan Bellens, EY Global Banking & & Capital Markets Deputy Sector Leader. “The speed of innovation continues to accelerate, and banks need to have a technique in place to guarantee their execution of brand-new innovation works.”

Inning accordance with EY, 59% of banks surveyed expect that their innovation investment spending plans will increase by more than 10% in 2018.

BB&T Corp. (NYSE: BBT) revealed recently it will set aside approximately $50 million to invest in or get emerging digital innovation companies to help lower its operating expense.

” A substantial investment in fintech [financial technology] puts BB&T on an aggressive speed to faster navigate our digital road map and more foster a culture of development throughout the company,” said W. Bennett Bradley, primary digital officer of BB&T. “Things are altering rapidly and we, like numerous financial institutions, have to move quicker to satisfy and surpass our customers’ expectations.”

BB&T runs over 2,100 monetary centers in 15 states and Washington, DC.

Banks closing the most branch places (web) in 2017

Wells Fargo Bank, 194 (net closures)
JPMorgan Chase Bank, 137
The Huntington National Bank, 134
First-Citizens Bank & & Trust Co., 127
Bank of America, 119
SunTrust Bank, 119
KeyBank, 112
PNC Bank, 109
Branch Banking and Trust Co. (BB&T), 92
Capital One, 73

Banks Close Record Amount of Branches in 2017

Rather lost in the wave of store closure announcements in 2015 was news that another major user of retail area abandoned a record quantity of square video footage. U.S. banks accelerated their speed of branch debt consolidation in 2015, closing a net 2,069 places, an 18% increase over the net number closed in 2016.

The net variety of closed branches totals up to about 10.46 million square feet of retail space closed based on the typical size of existing U.S. bank branches. And that quantity does not consist of reduced square video footage from branch relocations.

That speed of closures could speed up even more in 2018 as a number of bank holding companies reported strategies to release a substantial portion of anticipated cost savings from tax reform legislation enacted last month into increased costs on technology, expected to support increasing reliance on digital and mobile technology by bank customers to conduct more of their banking activity.

Wells Fargo & & Co. (NYSE: WFC )is the poster child of the motion. It closed an internet of 194 branches in 2015 – the highest among all U.S. banks– and it expects to close 250 branches or more in 2018, plus as lots of as 500 in each 2019 and 2020.

” Based upon our current assumptions regarding customer channel behavior and our own innovation advances as well as other aspects, we can see our total branch network declining to roughly 5,000 by the end of 2020,” stated John Shrewsberry, CFO of Wells Fargo.

Since Sept. 30, 2017, Wells Fargo operated 6,082 U.S. branches.

The bank is likewise decreasing homes and other organisations consisting of standalone mortgage locations and is transitioning functional activities in its automobile organisation from 57 regional banking centers into three larger local websites.

People Financial Group (NYSE: CFG) represents another method banks are taking in shedding excess area: reducing the total square video footage of each branch.

” There’s a bit of pruning of the number of areas, but the greater component of that program is trying to take 4,200-square-foot branches and turn them into 2,500- or 2,200-square-foot branches,” said Bruce Van Saun, chairman and CEO of Citizens Financial. “I ‘d say, by 2021, I believe we’ll have gone through 50% of the branches as the target.”

People operates more than 1,100 branches. The lease cost savings from the effort will be reinvested in digital technologies, Van Saun included.

Meanwhile, 85% of banks prepare to make digital improvement programs a service priority for 2018, inning accordance with the EY Worldwide Banking Outlook 2018.

” In order for banks to weather the efficiency challenges that lie ahead, they need to get ready for a future led by development and innovation,” stated Jan Bellens, EY Global Banking & & Capital Markets Deputy Sector Leader. “The pace of development continues to accelerate, and banks need to have a strategy in location to guarantee their implementation of new technology works.”

Inning accordance with EY, 59% of banks surveyed prepare for that their innovation financial investment budget plans will rise by more than 10% in 2018.

BB&T Corp. (NYSE: BBT) revealed recently it will set aside as much as $50 million to purchase or obtain emerging digital technology business to help lower its operating expense.

” A significant investment in fintech [monetary technology] puts BB&T on an aggressive rate to quicker navigate our digital plan and additional foster a culture of development throughout the company,” stated W. Bennett Bradley, chief digital officer of BB&T. “Things are altering quickly and we, like lots of banks, have to move quicker to fulfill and exceed our clients’ expectations.”

BB&T operates over 2,100 monetary centers in 15 states and Washington, DC.

Banks closing one of the most branch places (net) in 2017

Wells Fargo Bank, 194 (net closures)
JPMorgan Chase Bank, 137
The Huntington National Bank, 134
First-Citizens Bank & & Trust Co., 127
Bank of America, 119
SunTrust Bank, 119
KeyBank, 112
PNC Bank, 109
Branch Banking and Trust Co. (BB&T), 92
Capital One, 73

School District graduation rate hits a record 82.7 percent

Competitive eater from Las Vegas sets record for downing ice cream

Image

Michelle Pemberton/The Indianapolis Star/ AP

Big league Eating Host Sam Barclay, right, congratulates Miki Sudo, left, on setting a world record for eating the most pints of ice cream while 2nd place eater Juan Rodriguez, right, recovers from the first-ever World Ice Cream Consuming Championship at the Indiana State Fair in Indianapolis on Sunday, Aug. 13, 2017.

Monday, Aug. 14, 2017|12:01 p.m.

Competitive eater Miki Sudo downed a heaping assisting of ice cream at the Indiana State Fair to set a brand-new mark for gobbling up the cool reward.

The Indianapolis Star reports the Las Vegas lady consumed 16 1/2 pint-sized containers in 6 minutes, topping a previous record that Major League Consuming lists as 15 pints in that much time.

The mark was set during Sunday’s Meadow Farms World Ice Cream Eating Championship, which was approved by Big league Consuming. Sudo, who likewise gets a $2,000 reward for first place, joked she ‘d “prefer to get a sweater right now” as she took images with fans.

This year’s reasonable theme is the “Wonderful World of Food.” Sunday was ice cream day at the fair, which runs through Aug. 20.

Reno typical house rates set record, Sparks homes follow

Wednesday, Aug. 9, 2017|3:36 p.m.

RENO– Reno median home costs continue to climb, with Sparks houses tracking closely.

The typical costs for an existing single-family Reno home reached $387,250 in July, going beyond the $380,000 record set in January 2006, according to the most recent numbers from the Reno/Sparks Association of Realtors. Those numbers do not consist of townhouses, condos, produced and modular homes.

The July price represents an 8 percent boost from June and is 17 percent higher than in July 2016, the Reno Gazette-Journal reported. The paper obtained the numbers from the association as part of data demand made earlier this year.

The association’s numbers put the typical price for a single-family house in Stimulates at $315,000, a 5 percent increase from rates in June and 2016, however still under its average cost record of $335,000 set on July 2005.

The combined average rate for the greater Reno-Sparks came out to $357,500, simply 2 percent under the $365,000 record set in January 2006. As it stands, Reno/Sparks Association of Realtors President John Graham predicts the area could be on track to go beyond that mark this year.

Prices for starter houses in the Reno-Sparks utilized to start from $250,000 and under, inning accordance with Graham. Starter houses are now about $300,000, making it tougher for new house buyers.

He sees the costs as an opportunity for the move-up purchaser market, which took a heavy toll during the economic downturn.

“If you’re still $50,000 down on your house, then you’re not trying to find the next location up that costs more cash,” he stated. “People can a minimum of have thoughts now that it could be possible to move up.”

Reno typical house prices set new record, Spark homes follow

Wednesday, Aug. 9, 2017|3:36 p.m.

RENO– Reno average home costs continue to climb up, with Stimulates houses routing closely.

The median rates for an existing single-family Reno home reached $387,250 in July, exceeding the $380,000 record set in January 2006, according to the most recent numbers from the Reno/Sparks Association of Realtors. Those numbers do not consist of townhomes, condominiums, made and modular residential or commercial properties.

The July cost represents an 8 percent increase from June and is 17 percent higher than in July 2016, the Reno Gazette-Journal reported. The paper obtained the numbers from the association as part of data request made previously this year.

The association’s numbers put the typical cost for a single-family home in Sparks at $315,000, a 5 percent boost from prices in June and 2016, but still under its average rate record of $335,000 set on July 2005.

The combined median rate for the greater Reno-Sparks came out to $357,500, simply 2 percent under the $365,000 record set in January 2006. As it stands, Reno/Sparks Association of Realtors President John Graham forecasts the location could be on track to exceed that mark this year.

Rates for starter houses in the Reno-Sparks utilized to begin with $250,000 and under, according to Graham. Starter homes are now about $300,000, making it tougher for new house purchasers.

He sees the prices as an opportunity for the move-up buyer market, which took a heavy toll during the economic downturn.

“If you’re still $50,000 down on your house, then you’re not looking for the next place up that costs more money,” he stated. “Individuals can at least have ideas now that it could be possible to move up.”

Multifamily Loan Origination Expected to Hit New Record This Year

By a number of procedures, the multifamily sector continues to defy expectations of ‘cooling off’ over the second half of the year and loan origination projections for multifamily home is now predicted to grow for the rest of 2017 and into 2018, according to new analysis from Freddie Mac and Kroll Bond Score Firm analysis of Freddie Mac lending.

While the multifamily market continues to attract financial investments and capital, market unpredictability in the very first part of the year recommended that 2017 full-year volume may reduce. Nevertheless, a pick-up in 2nd quarter in offers and continued boosts in home costs now has Freddie Mac expecting loan origination volume to grow by 3% to 5% in 2017, to in between $270 billion and $280 billion, which would be another record year, inning accordance with Steve Guggenmos, Freddie Mac Multifamily vice president of research study and modeling.

The modified forecast comes even as the variety of multifamily building tasks is peaking between now and early 2018 and therefore moderating general development.

That building activity is rising vacancy rates and making absorption of new systems take longer in some areas than in prior years, putting some downward pressure on rent development, especially in particular bigger metropolitan areas such as San Francisco, New York City, Washington DC and Miami.

For the U.S. as an entire, apartment lease development is expected to be just like 2016 levels, with vacancy rates increasing more gradually than initially anticipated, according to Guggenmos.

Still, nearly two-thirds of metros are anticipated to end the year with vacancy rates listed below their historic averages. In these areas, demand continues to surpass supply, permitting rents to keep increasing.

Guggenmos expects rent growth for the rest of 2017 will continue to be combined throughout U.S. metros, moderating the most in locations that previously experienced the highest levels of lease boosts, such as Seattle, Tacoma, Sacramento, Nashville, Portland and Atlanta, but still remain above historic averages in those markets.

Meanwhile, San Francisco, New York and Boston are expected to experience a rebound in lease development by the end of 2017 compared with 2016, while staying at or listed below their historical and the national averages, he said

Individually, in evaluating Freddie Mac loan securitizations, Kroll Bond Rating Firm is finding a similar strong efficiency but with some softening.

The cyclically high levels of building and construction are affecting Class A residential or commercial properties more than classes B and C, where construction remains relatively soft, the firm said.

This bodes well for the $132.3 billion of multifamily loans that have actually been securitized since 2010 in 346 Freddie Mac K-Series transactions and CMBS conduit deals. KBRA’s analysis suggests that almost 80% of the underlying collateral ($103.9 billion) is class B or class C.

UNLV Sets Campus Fundraising Record with $93 Million Year

More than $93 million in new presents and promises were devoted to UNLV during the recently finished fiscal year, setting a new annual record for philanthropic contributions to the university.

UNLV reached its new high water mark in June with an anonymous $25 million contribution, the largest single gift in the university’s history. The contribution, which was matched by the state throughout the final days of the 2017 Nevada Legislative Session, will start building and construction of a medical education building for the UNLV School of Medication.

The yearly total is comprised of promises and money and cash-equivalent contributions from individuals, corporations, and private structures. From July 1, 2016 to June 30, 2017, almost 22,700 contributions were tape-recorded from more than 10,000 donors.

Over the past three years, the UNLV Structure has actually raised $243 million. Funds raised assistance all sectors of campus and will positively affect students, faculty, research study, and facilities.

” The commitment from our donors and the community is both effective and inspiring,” stated UNLV President Len Jessup. “We are immensely grateful for their continued self-confidence in our university and its essential function in our area.”

UNLV’s record fundraising year likewise included a brand-new annual high for athletics fundraising, with almost $22 million in presents and promises committed to UNLV Sports. This includes $10 million commitment from siblings Frank and Lorenzo Fertitta for the prepared Fertitta Football Complex, a 73,000 square-foot football training facility near the group’s current practice field on the school’ north end.

Additional 17 fundraising highlights include:

Nearly $18.3 million designated to buildings and facilities (in addition to the $25 medical school gift);.
$ 13.8 million in new scholarship support;.
$ 5.8 million in brand-new presents to endowed funds;.
$ 4.6 million in brand-new estate dedications;.
A $1 million gift from Jon Huntsman Sr. in honor of Sen. Harry Reid that will money an endowed chair in history;.
13 presents and commitments of $1 million or more.

Alumni played a pivotal role in the year’s robust numbers, representing 47 percent of all donors.

” We see this year as a key step in our development toward becoming a top tier university,” stated Scott Roberts, who has actually acted as Vice President for Philanthropy and Alumni Engagement given that September 2016 and was called President of the UNLV Structure in February 2017. “It is an honor to deal with the terrific alumni and friends who care so much about UNLV and believe in our vision. We are eager to continue working to build a world-class university for a world-class city.”

Current department restructuring has integrated the alumni relations, yearly providing, and local advancement departments. The department likewise just recently filled key vacancies, hiring Chad Warren from Ohio State University to head the group as senior associate vice president for alumni engagement and yearly providing. He likewise functions as executive director of the UNLV Alumni Association. Margo Wolanin, formerly vice chancellor for advancement at the University System of Georgia, joined UNLV in June as senior associate vice president for development.

Find out more about how personal providing is making a distinction at UNLV and find methods to get involved by checking out unlv.edu/foundation or call 702-895-3641.