Support to the Vision to be the Best campaign, the largest fund-raising effort ever undertaken by Rose-Hulman Institute of Technology, has reached $252 million which surpasses the campaign's $200 million goal, Rose-Hulman President Samuel Hulbert announced.
The new campaign total was announced during a banquet to honor Hulbert and his wife, Joy. Hulbert will retire June 30 after 28 years as president of the nationally ranked, private engineering, mathematics and science college. The event in the college's Sports and Recreation Center, attracted a crowd of 1,612 persons, which was the largest ever to attend a dinner program in the college's recent history.
The campaign will continue until its scheduled completion on June 30. The new campaign total includes cash gifts and financial commitments.
Early success of the fund-raising effort resulted in the original $100 million goal being increased to twice that amount in September, 1999, because the goal was exceeded after only five years of the scheduled 10-year fund drive.
"This has truly been a Rose-Hulman community-wide effort," Hulbert said, referring to the record-breaking contributions from alumni, employees, corporations, foundations and other supporters. "Everyone has had an important role in a remarkable achievement," he stated.
"I'm very proud that 70 percent of Rose-Hulman's alumni and 95 percent of our employees contributed to the campaign," emphasized Hulbert.
Support from its alumni recently ranked Rose-Hulman among the top three percent of the 960 colleges and universities that report annual alumni-giving data to the Council for Aid to Education.
"Rose-Hulman exists for only one reason - our students," Hulbert told the crowd. "When you talk about the Rose-Hulman vision to be the best, students are at the center of all we do. Through the generosity of many, we have been able to provide students with a world-class educational environment," he stated.
Mark Richter, vice president for development and external affairs, described the campaign's success as a milestone for Rose-Hulman. "Support to the campaign is a strong indication that our constituents have a high level of confidence in the institution and pride in what we have achieved and will achieve in the future."
During the campaign, new facilities have been constructed to enhance academic programs, athletics and recreation, campus services, and student life.
"While the $100 million in new facilities is easy to see and has been vital to the college's progress, it is also important that the campaign has received or has commitments for $80 million for student financial aid," Hulbert noted.
The largest scholarship gift in school history was announced last November when Rose-Hulman was notified that it would receive $7 million for financial aid from the estate of alumnus and former trustee Michael Percopo of New York City.
Other record-breaking support has come from the Lilly Endowment to create and grow Rose-Hulman Ventures, assist in the construction of a new residence hall, develop the highly successful Homework Hotline, and provide funds for improvements to academic facilities and programs.
The campaign also received the largest gift Rose-Hulman has ever received from an individual. The $14 million gift from Michael and Deborah Hatfield resulted in the construction of Hatfield Hall that includes a new theatre, facilities for student performing arts groups, alumni center and administrative offices.
The campaign total includes $20 million raised for technology and laboratory equipment and a similar amount for academic programs, according to Hulbert.
New undergraduate degree programs started during the campaign include applied biology, biomedical engineering, engineering physics, and software engineering. A new graduate program in engineering management was started during the second year of the campaign.