Torchbearer: Spring 1998 |
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Over The Top
UT's 21st Century Campaign has raised $360 million$110 million over its original goaland it's not over yet. Until the closing date on June 30, campaign volunteers and staff are focusing on a phone solicitation of alumni. Gifts to the campaign are being used to provide scholarships, recruit and keep outstanding faculty, and improve academic programs. Staff and volunteers will call as many of UT's more than 230,000 alumni as possible before the campaign ends. "This is the 'friend-raising' phase," says President Joe Johnson. "While we will probably receive some additional gifts from businesses and corporations, our focus now is to reach our alumni and friends." More than 90,000 individuals and firms have made gifts or pledges. Funds endowed for UT will total more than $500 million when the campaign ends. "A major goal of this effort was to increase our endowment," Johnson said. "Partly as a result of the 21st Century Campaign, the University of Tennessee will be among the top public universities in the South in endowed funds." National campaign chair William B. Stokely III says the campaign has averaged about $1.5 million per week in gifts and pledges so far. In one 10-day period last summer, the university received $10 million in gifts and pledges. Sixty-nine gifts and pledges of more than $1 million have been received. UT Knoxville has raised $201 million so far as its part of the university-wide campaign, $26 million over its goal. Some of the recent major gifts that contributed to the success of the 21st Century Campaign include:
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