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RFH 2010, Cover Stories, Colgate News

Colgate Reaches Fund Drive Goal Early

Mon, Jan 31, 2011

Colgate raised $400 million 16 months ahead of schedule. Upstate Institute fully endowed.

President Jeffrey Herbst today announced that Colgate has reached the goal of Passion for the Climb: The Campaign for Colgate ahead of schedule.

The fund raising drive reached its goal of $400 million 16 months ahead of schedule, according to a statement from the university. It was the largest campaign in the university's history.

The impact of Passion for the Climb will be felt in the broader community for decades to come. Now fully endowed, Colgate's Upstate Institute will have the resources to sustain its scholarly collaboration, research and connections with the region.

The university said the campaign raised also:

  • $78 million for academic excellence,
  • $94 million for financial aid and access,
  • $51 million for residential education and the campus community,
  • and $177 million for the general endowment and annual fund.

According to Murray L. Decock '80, vice president for institutional advancement and campaign director, the campaign launched publicly in March 2007 with $185 million already raised. Since then, alumni, parents, and friends contributed an additional $215 million in gifts, bringing the total number of participants to 31,000. The $400 million total also includes $5 million in grants, and $22 million in gifts from parents and grandparents.

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