Pepperdine Fund Drive Raises $70 Million

After a record-setting year of fund-raising, Pepperdine University’s $100-million “Wave of Excellence� campaign has raised more than $70 million in gifts and pledges, university President David Davenport has announced. Pepperdine raised $23 million in fiscal year 1986, $10 million more than the university’s one-year fund-raising record set in 1982.