Campaign achieves records in giving, participation
When University officials closed the books on the Anniversary Campaign this summer, a new chapter had been written on fund raising at Princeton.
More than 58,000 alumni, parents and friends of the University contributed $1.14 billion to the campaign, making it the most successful fund-raising effort in Princeton's history. An unprecedented level of undergraduate alumni -- 78 percent -- participated.
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The campaign was launched five years ago as part of the University's 250th anniversary commemoration. It collected gifts for capital projects totaling $992 million, 60 percent of which has been allocated for new endowment, 21 percent for construction and 19 percent for current programs and operations. Total donations to Annual Giving, which have no restrictions on their use, added up to $154 million.
"I think it is safe to say that this amount for our scale is quite remarkable," said Van Zandt Williams, vice president for development. "Most schools three or four times our size would love to do as well."
The campaign enabled the University to pump $170 million into its financial aid programs for undergraduate and graduate students. At the undergraduate level, this funding allowed Princeton to enhance its scholarships for lower- and middle- income families, to extend its need-blind policy to include international students and to keep its tuition down. Since 1990, the annual rate of increase for Princeton's tuition has declined steadily from 7.3 percent to 3.2 percent in the current academic year--the lowest increase since the 1960s.
The five-year campaign also provided for the construction of four new state-of-the-art classroom buildings--McDonnell Hall for physics, the Friend Center for engineering education, Wallace Hall for the social sciences and the expanded Woolworth Center for musical studies--as well as the establishment of the McGraw Center for Teaching and Learning.
It funneled $137 million into construction and renovation of residential, athletic and social facilities, including: Scully Hall, Wright Hall and Buyers Hall dormitories; Princeton University Stadium for football, Weaver Stadium for track and field, Class of 1952 Stadium for lacrosse and field hockey, and Shea Rowing Center; Cotsen Children's Library; the Frist Campus Center; and the Graduate College, the University Chapel and Patton, Blair and Little halls.
A total of $451 million for academic and research programs helped launch major initiatives in genomics, religion, finance, environmental studies and public policy. Some of those efforts include new and renovated facilities like the Icahn Laboratory for Genomics, Bendheim Center for Finance, Bobst Center for Peace and Justice and Berlind Theater at McCarter Theatre. In addition, 25 endowed chairs were established to support the work of faculty, and the Princeton Society of Fellows in the Liberal Arts was created to bring outstanding post-doctoral scholars to campus.
The Anniversary Campaign for Princeton began in November 1995, with the initial goal to raise $750 million by June 30, 2000. Because of a strong economy and needs that emerged, the goal was revised to $900 million in the fall of 1998.
A majority -- $782 million -- of the total was raised from alumni. Corporations and foundations contributed $165 million, bequests made up $104 million and parents of Princeton students gave $52 million.
In the same spirit of the campaign's theme -- "With One Accord"--the University plans to pay tribute to the donors by listing each of their names on a single plaque. The plaque will be unveiled in the spring and displayed in the main stairwell of the new Frist Campus Center.
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September 10, 2000 Contents • They've
arrived! • New
look debuts for Bulletin • Many
work 'with one accord' to raise funds for
Princeton • Briefs • Rowers
go for the orange in Sydney • Berry
keynotes two-day event
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