April 17, 2008
UT Announces $1 Billion Campaign; Now 70 Percent to Goal
KNOXVILLE – The University of Tennessee today officially launched its $1 billion fundraising campaign to enhance programs of excellence at all of the university's campuses and institutes.
The Campaign for
According to Hershel P. Wall, MD, chancellor, the UT Health Science Center’s goal within the UT Systemwide Campaign is $180 million. “We are a little more than half-way to our goal, and our faculty and staff have given more than $10 million of the total through the Family Campaign,” he said.
Accompanied by Board
of Trustees Vice Chair Andrea Loughry, UT President John Petersen announced
that $704,007,696 has been raised at a gathering of campaign volunteers held at
Pratt Pavilion on the
"This is a
historic day for the
The campaign seeks support for initiatives that impact student access and success, research, economic development, outreach and goals for globalization.
Jim Haslam, along
with his wife, Natalie, and Brenda Lawson of
“We have the
distinct honor to be part of a powerful effort that will have an enormous
impact on the state and its residents for many years to come,” said Jim Haslam,
founder of Pilot Oil Corp. “Each day we have been reminded that the University
Funds are raised through outright gifts and pledges, planned gifts and private grants for research.
Approximately 80 percent of the money raised to this point is from individuals and families, with 12 percent from corporations and 8 percent from foundations. The more than $700 million total involves gifts and pledges received from about 88,000 donors.
are the key to every strategic effort. Funds raised will enhance and
supplement, but in no way supplant support from the state of
Campaign priorities include endowed scholarships and professorships, chairs of excellence, building enhancements and other innovative faculty and student programs.
Traditionally -- and in the case of the university's $1 billion endowment -- more than 98 percent of all gifts are restricted, meaning they are to be used for a specific scholarship, program or objective relating to the donor’s interest. Therefore, private dollars rarely are designated to cover the university's operational costs, which rely on state support and tuition.
“In light of the increasing costs of a college education, scholarship gifts provide greater access for qualified students to attend UT. Gifts for faculty support enable the campuses and units to recruit and retain the very best faculty to offer the highest quality of education and student experience,” said Loughry.
Loughry noted that significant leadership gifts have enabled the campaign’s impressive progress, but stressed the need to engage many alumni and friends in the effort.
“Along with a wonderful way to connect to the university in an exciting initiative that will have a transformational impact, this opportunity drives home the point that support comes in many forms and that every gift counts and contributes to the long-term success of the university,” said Loughry.
Current, former and retired employees have contributed more than $48.7 million through the Family Campaign that was held in 2007. The effort involved gifts and pledges from more than 11,000 people. Employee giving has increased with participation rates of between 26 percent and 54 percent at UT’s campuses and units.
The announcement was
followed by a celebration held at
As the flagship statewide academic health system, the UT Health Science
Center is focused on a four-tier mission of education, research, clinical care
and public service, all in support of a single goal: to improve the health of
Tennesseans. Offering a broad range of postgraduate training opportunities, the
main campus, which includes six colleges, is located in
For more information
about the Campaign for
Amy Blakely, UT media relations, (865) 974-5034 or (865) 789-1692
This study quantifies the economic impact of the UTHSC on the economy of the state of Tennessee for FY2010.
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