Campaign St. Lawrence Total
MEMORANDUM
TO: St. Lawrence Faculty and Staff
FROM: President Daniel F. Sullivan '65,
Campaign St. Lawrence Chair Bruce W. Benedict '60, and
Board of Trustees Chair Lawrence J. Winston '60
SUBJECT: Campaign St. Lawrence Total
DATE: January 20, 2003
We are greatly pleased -- indeed, privileged -- to announce today
that on December 31, 2002, Campaign St. Lawrence exceeded its goal
with $132,175,669 in gifts received and pledges made, payable by
the end of 2005. We express deepest thanks to our trustee colleagues
and the alumni, parents, friends, foundations and corporations
who contributed to the most successful fund raising effort in the
University's history.
With a master plan of academic, co-curricular and facilities initiatives
to guide our conversations with prospective donors, we explained our
needs, and literally thousands of donors responded with historic generosity.
Our goal, as you may remember, was $130 million, established three years
ago after we achieved our initial goal of $75 million one year early.
The Campaign includes most gifts to the University given July 1, 1994
through December 31, 2002. Additionally, it includes a few lead gifts
committed before 1994.
Of the $132.2 million in the Campaign total, $88.8 million has been
received and put to use-to support the operating budget, fund special
programs, add to our endowment, and to support the facilities renovation
and construction program on which we have embarked. Another $27.9 million
is made up of life income gifts and irrevocable bequests. The University
will receive the majority of these gifts through the donors' estates.
An additional $15.5 million is pledged for payment by the end of 2005.
It is due to the generosity of many that we have reached our goal. Here
is a breakdown by source of gifts: $88.6 million from alumni, $13.5 million
from current parents and parents of alumni; $15 million from friends
of the University; $2.5 million from corporations; $11.1 million from
foundations; and, $1.5 million from organizations. Of special note is
the strong level of philanthropy from our fellow trustees and trustees
emeriti (most of whom are alumni but also include parents and friends).
From within the totals above, these University leaders donated
$35,640,800 to Campaign St. Lawrence.
The Campaign includes gifts and pledges totaling $21.1 million in support
of facilities, and $38.3 million in support of the endowment, in addition
to unrestricted and restricted gifts for other purposes.
Gifts to the Campaign touch every aspect of our mission. In the academic
area we are grateful for gifts that have endowed six professorships; have
enabled us to renovate Owen D. Young Library and the Launders Science
Library and Computing Center; and have established programs such as the
University Fellowships for student/faculty summer research, the Integrated
Science Education Initiative (ISEI), and the global studies major.
Complementing the academic mission, gifts to student life programs,
and for renovation and construction of residential and athletic facilities
enhance our students' education as well. And of course, hundreds of
students attend St. Lawrence on scholarships because of gifts to Campaign
St. Lawrence. Much has been accomplished through the Campaign and
more will still be done with these funds.
When the campaign was initiated, St. Lawrence chose to follow the Council
for Advancement and Support of Education's Management and Reporting
standards for campaign counting. It's important to note that we count
only private, not public, support in our totals. We are, of course, deeply
grateful that in addition to the private support cited above, which is
only what we have counted in the campaign, we have received in excess of
$8.5 million in public grants and commitments in large part due to the
efforts of University Trustee and former New York State Senator Ronald
B. Stafford '57. We once again acknowledge his leadership.
In April, we will publish the final edition of the New Light Campaign
newsletter, sharing the full array of gifts and grants that comprise
Campaign St. Lawrence.
At a time like this, we think about the collective efforts of so many
people who share our vision, who have worked with energy, creativity
and passion to make our vision a reality, and who have made meaningful
commitments to St. Lawrence. We'll have the chance, with an all-campus
event on Friday, February 21, to express our thanks in personal and
tangible ways. You will receive an invitation to this event very shortly.
Let this memo begin our expression of gratitude to you. Thank you, most
warmly, for all you do to make St. Lawrence the institution worthy of
such trust and for the gifts that many, many of you made to the Campaign.
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