MHC Trustees Approve $300M Campaign
The Mount Holyoke College board of trustees unanimously authorized a comprehensive fundraising campaign set to launch fall 2006 and conclude by December 31, 2011.
A May 22 letter to the campus community reported that the board has approved a $300 million goal, with increasing the College's endowment as the fundraising priority.
According to the letter from Board Chair Leslie Anne Miller '73 and President Joanne V. Creighton, "The campaign will be launched in the fall, and its priorities will be guided in large part by the Plan for 2010. The lion's share of funds raised will go into the endowment in order to provide ongoing support for faculty and student financial aid. Other funds will be used to support the operating budget. Specific projects targeted for the campaign include the proposed new residence hall and three new athletic facilities: a boathouse, outdoor track, and turf field."
Additional priorities for the campaign are still under discussion.
A 35-member campaign steering committee has already been formed and has been hard at work laying the groundwork for the next effort. Chairing the committee is Eleanor Graham Claus '55. Cochairs for the campaign are Miller and Barbara McClearn Baumann '77. President Creighton will discuss the goals of the new campaign and the necessity for it in her biannual letter to the College community. A case statement is well underway.
"The steering committee is looking forward to working with the entire community--including alumnae and the Alumnae Association, administrators, faculty, staff, students, and parents--to mount a successful effort to support the College in this period of remarkable progress," Claus said. "The great strides the College has made are due, in no small part, to the success of our previous comprehensive campaign. The College is a leader in the liberal arts and in the education of women worldwide. It's essential that we work now to move forward from our current strong position."
On December 31, 2003, the College successfully completed The Campaign for Mount Holyoke College: Advancing Our Legacy of Leadership with a record-breaking $257 million in gifts from more than 80 percent of alumnae in addition to parents and friends. More than $134 million was raised for endowment.