Comes to a Close; $159 Million Raised in Last Month
At More Than $1.43
Billion, University of Virginia Fund-Raising Total Exceeds All Expectations
14, 2001-- December 31, 2000 will long be remembered
in the history of the University of Virginia. On that day, the Campaign
for the University officially concluded, marking the end of a fund-raising
effort that took the better part of a decade. The results have been
tallied, and they were officially reported today to the Campaign
Executive Committee. The total: $1,427,912,522 in gifts, pledges
and other commitments.
University is indebted to all of its loyal volunteers and generous
donors who more than a decade ago joined us on what seemed, at the
time, a most difficult journey," said University President
John T. Casteen III. "They met every challenge and every new
goal, working tirelessly to raise private funds to enhance our great
university and prepare it to meet future aspirations. Our success
belongs to them."
campaign total is the second-highest amount ever raised by a single
public university. Last week the University of California at Berkeley
announced the close of its campaign, which also ended in December,
with a record sum of $1.44 billion.
all expectations, the U.Va. campaign ran counter to the standard
model in several ways, according to Robert D. Sweeney, the University's
vice president for development.
Typically, such fund-raising efforts lose steam over time, he said.
Propelled by major gifts early in the process, they usually peak
at about their midpoint and then taper off. That was hardly the
pattern shown in the University's seven-year appeal.
the final month of the campaign, donors committed $159 million,
nearly 16 percent of the campaign's goal or 11 percent of the
commitments also kick-started the drive. By the weekend of Oct.
6, 1995, when the campaign began its five-year public phase, the
University had raised more than $350 million toward what was then
a $750 million goal. But that was just the beginning. The campaign's
last year became its most successful, bringing more than $200 million
in commitments to the University and its schools and programs.
campaign planning began in the early 1990s, University officials
and members of the Board
of Visitors envisioned a goal of $350 million to $500 million.
University at that time was determined to enter the 21st
century able to finance its long-term commitments to academic excellence.
Beginning in 1990, the Commonwealth of Virginia started to cut into
its support for higher education, and U.Va. realized that without
increased private support, it could not sustain the quality of its
programs. Between '90 and '95, the portion of state funds
in the University's budget dropped from 27 percent to 12 percent.
Today, the University receives 14.4 percent of its budget from the
this, the University has managed to remain among the top 25 universities
in the country in the annual rankings by U.S. News & World
Report and is currently tied with the University of California
at Berkeley as the No. 1 public institution.
142,000 donors took part in the campaign, including alumni, parents
of current and former students, friends of the institution, corporations
a head start on the rest of the institution, the Jefferson Scholars
Program, the Darden School and the Law School began fund-raising
efforts in 1990, 1991 and 1992, respectively. The quiet phase of
the campaign for the rest of the University began on July 1, 1993,
and early success prompted the University to set the bar at $750
million at the 1995 public kickoff.
years later, in February 1998, the Campaign Executive Committee
recommended to the Board of Visitors that they raise the goal to
$1 billion. The board approved the increase, and the campaign continued
to pick up speed, posting successively higher totals each year.
Bolstered by a $60 million gift from Frank Batten (College
of Arts and Sciences '50) for the Darden
School, the campaign topped the $1 billion mark in December
1999, a year ahead of schedule.
campaign's imprint can be seen across the Grounds, most notably
in the new and expanded facilities completed or under construction
for Arts & Sciences, law, graduate business, medicine, and athletics.
The campaign also has provided funds for new structures planned
for the University Library, the arts, engineering and undergraduate
business. Less visible but equally significant is the campaign's
human impact. With commitments to endow 154 professorships, 122
fellowships and 616 scholarships, the campaign has reaped enormous
benefits for students and faculty.
addition to endowment gifts and contributions for capital improvements,
the campaign has greatly increased the level of annual giving from
alumni and other members of the University family.
During the course of the campaign, the University pursued a target
of $86.7 million in annual giving, a vital source of unrestricted
operating support for its schools and programs. The campaign surpassed
this goal in March 2000.
campaign also aimed high in its pursuit of future support, such
as bequests and similar deferred gifts. Counted separately from
other campaign commitments because donors can change such provisions
in their estate plans, future support received in the campaign topped
$218 million, more than double the $100 million goal.
the $1.43 billion raised, $638 million (45 percent) came from alumni
and $307 million (21 percent) from non-alumni, including $22 million
from parents. The campaign also received $174 million from corporations,
$239 million from foundations and $70 million from other organizations.
Carol Wood, (804) 924-6189