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Posted July 30, 2008
LEWISBURG, Pa. – Bucknell University raised a record $50.5 million during the first year of its $400 million comprehensive fundraising campaign, Bucknell President Brian C. Mitchell announced.
“This record-setting support is a wonderful demonstration of the generosity of the Bucknell community and the growing enthusiasm for Bucknell's direction,” Mitchell said. “Clearly our alumni, who make up the largest group of donors, feel tremendous satisfaction in the experience they had at Bucknell and great excitement about the strength and future of the University.”
The University started the campaign last summer in a “private phase” that will continue for the next 18 to 24 months before a more public launch.
92 percent increase
According to a formal accounting process just completed for the past fiscal year, donors contributed $50,533,681 as new commitments to the University from July 1, 2007, to June 30, 2008, a 92 percent increase over the previous year’s total. The amount far surpasses all previous fundraising in one year at Bucknell for both actual and inflation-adjusted totals, which had been $34 million and $44 million respectively.
Combined with contributions that were designated for the campaign before its official launch, the University has now raised more than $77 million toward its $400 million goal.
“I would like to take this opportunity to thank publicly the Board of Trustees and its chair, Susan Crawford, and campaign chair Ken Freeman, as well as Sam Lundquist, vice president for development and alumni relations, the DAR staff, and all those at Bucknell who are so pivotally involved in initiating, managing, and supporting this wonderful start to the University’s campaign,” Mitchell said.
Among other aims, the campaign will help establish new endowments for professors to expand the University’s capacity to recruit and retain the best teacher-scholars in the nation. It will increase scholarships and fellowships and research opportunities, and support the development of new academic programs and centers to enhance Bucknell's value as a learning community.
These objectives, and the many others that are part of the campaign, are essential to Bucknell’s vision “to provide students with the premier undergraduate experience in American higher education.”
Contact: Division of Communications