Bolstered by the success to date of SMU’s Second Century Campaign, the University’s Board of Trustees has raised the goal from $750 million to $1 billion.
At its quarterly meeting Friday, Sept. 13, the board voted unanimously to accept the new goal recommended by the campaign’s leadership.
The campaign seeks additional funds for scholarships, academic programs, faculty positions and campus improvements and facilities.
SMU already has surpassed its original goal and timetable, raising $780 million for a campaign scheduled to end in 2015, the 100th anniversary of the University’s opening. That date is now set to mark another milestone – the completion of SMU’s first $1 billion campaign.
SMU will join only 12 other private universities currently seeking goals of $1 billion or more. Among them are Columbia, Duke, Johns Hopkins, Georgetown, the University of Chicago and the University of Southern California. SMU is the first comprehensive university in North Texas to seek that amount.
“The generosity of our donors, the strength of our campaign leadership and the hard work of volunteers around the globe have resulted in record-breaking support for SMU,” said SMU President R. Gerald Turner. “Even during uncertain economic times, our donors kept the momentum of the campaign going. They did not skip a beat in continuing to fund SMU’s rise in quality and reputation.”
Gerald J. Ford, trustee and convening co-chair of the campaign, said, “The notable investment made in SMU through the campaign demonstrates the University’s positive trajectory and unprecedented momentum. Raising and achieving the campaign goal is the next logical step for SMU as it expands its national and global impact.”
“Adding to SMU’s momentum during its Centennial era, 2011-2015, is the opening of the George W. Bush Presidential Library, Museum and Institute,” Turner said. “This resource has attracted joint programming, concurrent appointments of SMU faculty and Bush fellows, visiting dignitaries, heightened visibility and more than 206,000 visitors to campus thus far. The support attracted by this resource has already been a tremendous benefit to the campus, city and nation.”
The funding campaign for the Bush Center, conducted by the Bush Foundation, proceeded separately from SMU’s Second Century Campaign, although at the same time. The Bush funding campaign raised more than $500 million for construction, programming and endowment for the Bush Center. “The campaigns have been synergistic, achieving mutual success,” Turner said.
Read about the $1 billion campaign goal in The Dallas Morning News.