September 29, 2008
Promise and Distinction: The Campaign for Tulane University, which began its public phase just months before Hurricane Katrina pummeled New Orleans, has come to a successful conclusion, surpassing by more than $30 million its goal of raising $700 million by the end of 2008.
The success of the campaign puts Tulane’s endowment, an investment fund from which the university derives income for its programs and operations, at the $1.1 billion mark. Only 76 universities in the country have endowments that large. This achievement also comes on the heels of Tulane welcoming one of its all-time largest and most qualified freshman classes ever, a select group of scholars chosen from a record 34,000 applications.
“This is a pivotal moment in the long and distinguished history of Tulane University,” Tulane University President Scott Cowen said. “We are poised to further elevate our place among the most distinguished and distinctive universities in the nation in terms of education, research and community service programs. This is a transformative time for our university, our city and state.”
More than $297 million of the campaign’s total was earmarked specifically for Tulane’s endowment to support chairs, professorships, scholarships, fellowships, research, scholarly travel, internships, athletics and libraries. Through the campaign, endowed chairs and professorships grew from 153 to 331.
In addition to the funds dedicated to the endowment, more than $238 million was raised for educational and research programs in areas of current and emerging strength at Tulane such as undergraduate education, public service, community medicine and more.
Another $101 million was raised in unrestricted support, providing funding for salaries, programs and operations. An additional $93.5 million of the raised funds were dedicated to improving student housing; the major expansion and renovation of the Lavin-Bernick Center for University Life and Greer Field at Turchin Stadium; and a new addition to the A.B. Freeman School of Business.
Much of the support came from Tulane’s alumni, according to Cathy Pierson who, along with husband Hunter, chaired the campaign.
“I am very excited to say that of the more than $730 million we raised, $316 million of that was raised by our alumni. This shows the dedication and commitment of this group to the mission of Tulane,” Pierson said.
Highlights of the 10-year campaign include:
• Gifts from Carol Bernick and the Bernick and Lavin family to create the Lavin-Bernick Center for University Life and the Cowen Institute for Public Education Initiatives;
• Gifts from the Carnegie Corporation and Parents Council to support student engagement in the community through the Center for Public Service;
• A gift from Dr. Jim Doty to support medical scholarships and the Department of Neurology as well as establish the James R. Doty Distinguished Endowed Chair in the School of Medicine;
• A bequest from the estate of Lallage Feazel Wall to provide seed money for faculty and staff ideas. This funding has lead to the creation of the Computational Sciences Center, the Center for Ethics and Public Affairs and other initiatives in research, education, leadership and community outreach;
• Funding from the Qatar Katrina Foundation for scholarships and the establishment of neighborhood health clinics;
• Donation of the former Murphy Exploration Building in downtown New Orleans for use by Tulane’s School of Medicine.
Tulane will celebrate the successful completion of Promise and Distinction with a host of activities slated for Homecoming weekend Oct. 3-4.
Tulane University, New Orleans, LA 70118 504-865-5000 email@example.com