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Campaign on track to finish a year early
by Barbara
Pitoniak, News Office staff and Sarah
R. Buchholz, Chronicle staff
ampaign UMass will be completed one year ahead of schedule, Vice
Chancellor for University Advancement Royster Hedgepeth told the
Faculty Senate at its Oct. 5 meeting.
"We are still
on track to reach our goal by the end of this calendar year,"
he said. The campus raised $19.8 million in private donations during
Fiscal 2000 to bring the total amount generated by Campaign UMass
to $109.9 million, according to Hedgepeth.
Begun in 1996,
the campaign was originally targeted to last five years, but it
is now expected that the goals will be reached by the end of December,
he said.
"I am extremely
pleased with the progress of Campaign UMass," Hedgepeth said
in September. "We are laying the groundwork for making philanthropy
a part of the University's future. I'm especially proud of the progress
we've made in establishing endowments for faculty support and toward
increasing financial aid for our students."
The campaign total
includes cash gifts, gifts in kind, and all new pledges. Highlights
for the past fiscal year include:
- A $1-million gift from the Marriott Foundation
to the Department Of Hotel, Restaurant and Travel Administration;
- An $850,000 challenge grant from the Kresge
Foundation to the Isenberg School of Management;
- A $1-million gift from alumnus Richard Mahoney
to the College of Natural Sciences and Mathematics;
- A gift of $500,000 from alumnus Frank R.
O'Keefe Jr., to provide University scholarships to students at
Peabody High School;
- First-time gifts from the Pew Charitable
Trust and the Nellie Mae, Freeman, Templeton, and Starr foundations;
and
- An overall increase in undergraduate alumni
participation, from 15 to 16 percent. That translates to an increase
from 17,561 to 18,566, or 1,005 undergraduate alumni, out of a
total of 116,014 undergraduate alumni of record.
"The expectation
is that fund-raising activity will double in the next five years,"
Hedgepeth told the senate.
Although the Development
Office has been under new leadership since April when Diane Dukette
was named assistant vice chancellor for University Advancement and
executive director of Development, Hedgepeth expressed confidence
that fund-raising efforts remain on target.
"Diane has
a strong track record in major-gift fund-raising. She is one of
our own, having received her MBA from UMass, and is an experienced
administrator," he said. "I have every confidence in her
ability to lead us to our campaign goal and beyond."
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