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Wayne State, U-M exceed capital campaigns by millions

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  • Charles C. Primas
    Monday, February 2, 2009 Wayne State, U-M exceed capital campaigns by millions The Detroit News Wayne State University raised nearly $900 million in its
    Message 1 of 1 , Feb 3, 2009
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      Monday, February 2, 2009

      Wayne State, U-M exceed capital campaigns by millions

      The Detroit News

      Wayne State University raised nearly $900 million in its first-ever capital campaign, far surpassing its $500 million target, the university announced today.

      The money raised during the Wayne First campaign will go toward building projects, scholarships, faculty chairs and research and more.

      "Wayne First is a real triumph for all the people and institutions Wayne State serves in Detroit, throughout Michigan and beyond," President Jay Noren said in a statement. "It has assured our continued excellence. ... The far-reaching effects of Wayne First will be felt well into the future as Wayne State moves to even higher levels of excellence in education and research."

      The seven-year campaign ended Dec. 31 and it was the first comprehensive fundraiser in the university's 140-year history.

      In all, the university received more than 400,000 gifts from alumni and friends, as well as donations from corporations and foundations. Faculty and staff donated more than $30 million, six times their original goal.

      The campaign is responsible for several new buildings on campus. Among them, the Eugene Applebaum College of Pharmacy and Health Sciences, the Marvin I. Danto Engineering Development Center and the Damon J. Keith Center for Civil Rights. Donor Nick Labedz contributed more than $25 million, the largest individual gift in Wayne State's history, to create the Richard J. Mazurek, M.D. Medical Education Commons.

      In addition to gifts for immediate capital improvements, the campaign focused on growing the university's endowment to fund projects and scholarships in perpetuity. In all, $83 million was added to the endowment through 256 new scholarships, 13 faculty chairs and professorships and 110 funds to support new instructional and research programs.

      "Wayne First was one of the most important endeavors undertaken in the history of Wayne State," Noren said. "The campaign has infused the university with greater resources and enabled us to showcase the quality and strength of our programs."

      In other news, the University of Michigan revealed the final total of its capital campaign today: $3.2 billion, the largest amount ever raised by a public university.

      The university celebrated the end of its Michigan Difference campaign in November with an event at Hill Auditorium that honored campaign donors and volunteers. Then, the total was $3.1 billion. But between November and the official Dec. 31 finish, more money came in -- far surpassing the university's $2.5 billion goal.

       
       
       
      Find this article at:
      http://www.detnews.com/apps/pbcs.dll/article?AID=/20090202/SPORTS0203/902020426
       
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      Regards,

      Charles C. Primas

      WWW.CHARLESPRIMAS. COM
      WWW.DETROITBUSINESS TODAY.NET

      "If everything seems to be under control, you're just not going fast enough." ... Mario Andretti, Formula One and Grand Prix driving legend
       
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