Difference between revisions of "Columbia Campaign"
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Revision as of 23:19, 18 October 2012
The Columbia Campaign is the university's primary fund raising effort, launched in September 2006.[1] It is the fourth capital campaign in Columbia's history, and the first not to bear the "Campaign for Columbia" title. When it was announced, its initial target of $4 billion was the largest capital campaign ever mounted by an American university, and has since only been eclipsed by one, a $4.3bn campaign announced by Stanford. In 2011, the Office of Alumni and Development announced a new goal of $5bn, to be completed in 2013.
Contents
Launch
The campaign launched with $1.6 billion already pledged during the "silent phase" of the campaign. The campaign's launch had been anticipated since the University's 250th anniversary celebrations in 2003-2004.
Kick-off gifts included $48 million from trustee Gerry Lenfest (L'58) for a "challenge" matching fund for the endowment of faculty chairs in the arts and sciences and law, and $29 million from Robert Yik-Fong Tam (B'50) and his sister Wun Tsun Tam for faculty positions and the Committee on Global Thought.
Strategy
The university employed a variety of outreach tools to woo alumni donations, using a variety of media. The 2005 creation of the Columbia Alumni Association as an umbrella organization to reach out to alums across the spectrum of CU's various schools was one of the centerpiece strategies of the campaign.
Subsequent donations
In April of 2007 the university announced a $400 million pledge from John Kluge, all of it slated for financial aid.[2] It is the largest gift in university history, the 4th largest received by any university, and the largest financial aid gift in the country. In 2012, Gerry Lenfest announced a $30M gift to help fund the new School of the Arts building in Manhattanville.
Sub-campaigns
The campaign features many sub-campaigns, including the $865 million Campaign for Undergraduate Education, the $100 million Columbia Campaign for Athletics, both formally launched in the fall of 2007, and the Second Century Campaign at the School of Journalism, launched in 2006 with the goal of raising $100 million in time for the school's 100th anniversary in 2012. There is also a Campaign for Engineering, which has an overall goal of $125 million.
Progress to goal
In 2011, the Office of Alumni and Development announced that the Campaign had surpassed its $4 billion goal ahead of schedule, and that the Campaign would continue on with the new goal of $5 billion by December 2013. In 2012, the Campaign again surpassed its goal early, surpassing the $5 billion goal almost 18 months early.
This progress moved Columbia up to consistently ranking in the top five universities for annual fundraising in the nation.
Uses for funds
According to Dan Baker, executive director of university donor relations, the funds raised by the campaign will be used to improve student life, including enhanced financial aid, and fund professorships. 40% will be used to shore up Columbia's endowment. $1b of the total will be used by the Medical Center.
External links
References
| Preceded by Campaign for Columbia (1990) |
University Capital Campaign 2006-2013 |
Succeeded by Incumbent |
