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| Office of the President > State of the University 2000 | |
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A Future We Would
Welcome - How We Measure Up |
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| IV. | Initiate a new Capital Campaign | Recommendation IV | |
 This
past July, Florida State University developed plans for our second Capital
Campaign. Our first campaign, which ended in 1997, showed how a concerted
effort to raise funds to better the University can produce huge benefits.
The first campaign, which lasted approximately seven years, raised over
$300 million. |
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| The
last campaign funded 27 Eminent Scholar chairs; 37 professorships; 255 endowed
scholarships; and nine endowed programs of $2 million or more. It increased
our endowment, right at $50 million in
1994, to what it is today--approaching $300 million--and, thanks to this
effort and the proceeds from the licensing of Professor Bob Holton’s Taxol
invention, our endowment has passed that of 106
other universities. |
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| We
are on course to move into the list of the top 100
endowments. |
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| During
our first Capital Campaign, our ability to
raise private funds increased every year and, remarkably, this trend
did not drop off after the completion of the campaign. Last year we raised
nearly $90 million in private funds. |
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| We
often talk about the dollars without reflecting on all that these resources
do to enrich this university. Today, I would like to provide just one example.
Thanks to a very generous gift from an anonymous donor, we have been able
to provide an endowment of $6 million for our new Center for the Advancement
of Human Rights--the first in the Southeast, and I am proud to introduce
the newly hired director of that center, Terry Coonan. This Center will
be located for now in a house directly across from the law school, but I
want to emphasize that this will be an interdisciplinary program involving
fine arts, communication, social work, criminology, as well as law. Indeed,
Terry is planning an open house for all interested faculty soon. |
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 Our
new campaign will be even more ambitious than the first. The Foundation
Board has approved and the staff is working on a plan for a $500 million
campaign. With such an effort, much up front work must first be accomplished,
and we are doing that now. This includes hiring new staff and working with
some of the leadership donors to seek commitments. The campaign will be
announced to the public by the end of 2001 or early 2002. |
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| If
we can take a moment to dream to some time in 2007, when the second campaign
has closed--successfully--we will have 37 additional Eminent Scholar chairs,
for a total of 75; 150 more named professorships, for a total of 219; 876
more undergraduate scholarships; 278 more graduate fellowships; 46 programs
endowed at $2 million or more; and $121 million in facilities beyond those
funded entirely by the state. |
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| The
campaign will provide additional funding for FSU’s new medical school and
other new initiatives, and it will give FSU the financial boost we need
to propel many of our already outstanding programs to world-class status. |
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| We
have also just formally announced a new Boosters
campaign, with a goal of $70 million. The five-year campaign actually
began in September 1997, and will end in October of 2002, the night before
FSU plays Notre Dame in Tallahassee. About half of all the funds raised
will go to facilities and half to scholarship endowments. |
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| During
the three years of the Campaign's "silent phase," a total of $43
million in cash and commitments was raised. The Boosters will succeed. |
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| I
am particularly proud of what our athletic fundraising has done to develop
opportunities for women athletes, and I salute the Committee of Thirty,
which has led this effort. |
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| Since
we are a public university with a public service mission, our Commissions
urged us to: |
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| Recommendation V | back to III | ||
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