Campaign Approaches Final 2 Years
When Campaign Georgia Tech began its quiet phase on July 1, 2004, three and a half years had passed since the successful conclusion of the previous capital campaign. That five-year effort raised nearly three-quarters of a billion dollars in gifts and commitments, surpassing the original goal of $300 million and multiple revised goals, and finally closing at $712 million. At the time, it was the most successful campaign in the Institute’s history, measured not only in dollars but also in terms of physical spaces (Technology Square, the four-building Biotechnology Complex, the Klaus Advanced Computing Building, and the Campus Recreation Center). Add to that hundreds of newly endowed undergraduate scholarships and graduate fellowships, as well as 54 new endowed chairs and professorships. In five short years, the campaign had played a critical role in Georgia Tech’s transformation.Fast Forward What a difference a decade makes. The current campaign started with a goal of $1 billion — the highest in school history — and was originally scheduled to end in 2010. But a change in Institute leadership in 2009 brought with it a new strategic plan and a corresponding roadmap for philanthropy. President G.P. “Bud” Peterson, along with his leadership team and members of the campaign steering committee, decided to extend Campaign Georgia Tech through Dec. 31, 2015, and to raise the goal to $1.5 billion. Where do things stand with less than two and a half years remaining? As of the close of fiscal year 2013, the campaign has generated $1.248 billion in gifts, multiyear pledges, and testamentary commitments. In addition:
- Of that total, $470 million has been directed to permanent endowments, $282 million to facilities construction and renovations and equipment, and $488 million to current operations.
- Alumni continue to be the primary source of philanthropy, with $570 million, followed by corporations at $348 million, and foundations at $150 million.
- $158 million has been raised for intercollegiate athletics.
- The G. Wayne Clough Georgia Tech Promise scholarship program has received $41 million in endowments toward a $50 million goal.
- Two academic programs have been named: the H. Milton Stewart School of Industrial and Systems Engineering and the Ernest Scheller College of Business.
- Workflow Status: Published
- Created By: Amelia Pavlik
- Created: 09/16/2013
- Modified By: Fletcher Moore
- Modified: 10/07/2016