D. Sweeney, Vice President for Development
Campaign is making its mark
the Board of Visitors
raised the Campaign for the University's fund-raising goal from
$750 million to $1 billion in February 1998, we could not have
foreseen that the University would reach the 10-figure milestone
a year before the campaign's scheduled conclusion, as now appears
for those of us in the field of institutional advancement, these
are the best of times. The University has had the rare good fortune
of conducting its campaign in a strong economy and the longest
bull market in history. Moreover, the University's standing among
alumni and the general public has never been greater. Our benefactors
know they are investing in a winner.
campaign's success can't be measured in dollars and cents alone.
Across the Grounds, our donors are strengthening schools and programs
in tangible and enduring ways.
The most visible transformation has been in physical facilities,
from the new and expanded structures for Darden
and Law to the restoration
work under way in Pavilion VII to the additional seats and state-of-the-art
playing surface in Scott Stadium. Soon the University will break
ground for a medical research building, a laboratory addition
for Environmental Sciences,
and a library complex that will house the David A. Harrison III
Institute of American History, Literature and Culture and the
Albert H. Small Special Collections Library. All of these have
been funded in large measure through the campaign.
campaign also is touching individual members of the University
family. To date we have received some $130 million in gifts, pledges,
and deferred gifts for endowed professorships, scholarships and
graduate fellowships. When all these commitments are fulfilled,
they will generate more than $7 million a year in student and
campaign already has helped the University make faculty salaries
more competitive. Between 1996 and 1999, with the help of unrestricted
funds received in the campaign, the University pushed its faculty
salaries from 32nd place in the American Association of Universities
to 23rd place. And through the campaign, faculty and staff have
helped themselves by contributing to a new scholarship fund for
children of U.Va. employees.
will happen when we reach the $1 billion mark? Be assured we will
not simply declare victory and strike our tents. We will continue
to seek funds for priorities yet to be addressed, but more important,
we will begin laying the groundwork for the next phase of the
campaign has taken us to a stage where we can pursue bold new
aspirations, including those being explored by President Casteen's
Virginia 2020 strategic planning initiative. We have already heard
from many alumni and friends who are encouraging us to reach for
new opportunities and are willing to help provide the resources
to achieve them.
Buoyed by the success of this campaign, the University is in a
position to determine its own destiny and to envision possibilities
that could not have been imagined a decade ago.
This is the second in a monthly series featuring letters from