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First Capital Campaign Exceeds $61 Million

Sept. 22, 2010
SHSU Media Contact: Julia May

Frank HolmesSam Houston State University officials have announced that the Share the Vision Campaign officially wrapped up on Aug. 31 with more than $61 million in commitments received, surpassing the $50 million goal that had been announced on March 30, 2006.

The fund-raising effort was a five-year campaign. The goal was met nearly a year ahead of schedule and its attainment announced in early August.

The campaign generated approximately $25 million for scholarships. More than $4 million was given for faculty endowments and some $12 million for academic program endowments. Nearly $3 million was committed for construction projects and in excess of $10 million for annual programs and projects. Unallocated bequest and trust provisions accounted for about $7 million.

"We are so pleased," said Frank Holmes, vice president for university advancement. "If it had not been for the downturn in the economy, the campaign would have been completed almost two years ago. Our alumni and supporters have been enormously generous."

Fifteen donors to the campaign made commitments of at least $1 million, and five of them were for at least $2 million. Eleven of the donors made outright contributions and pledges and four made deferred gifts provisions through wills and trusts.

"In addition to the extraordinarily generous giving by alumni and friends, the university was fortunate to have received support from more than 20,000 donors. Gifts of all sizes combined to make our campaign a success," said Holmes.

The number of donors has increased from approximately 2,100 prior to campaign preparations beginning to more than 8,800. Annual gift income has risen from a five-year average of $2.5 million prior to campaign preparations to an average of $7.5 million over the past five years.

"The success of the Share the Vision Campaign has helped to create a new culture of philanthropy for our university that will continue to grow," said Dana Gibson, president of Sam Houston State University.

"Thanks to the outstanding efforts of Dr. Jim Gaertner, who is now president emeritus, Campaign Chair Ron Mafrige and his Executive Leadership Council, and our wonderful advancement staff, we are much better positioned to meet the challenges of today and to enjoy success with future fund-raising projects and programs."

 

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