The "Making an Impact Worldwide" capital campaign for the University of Maryland, Baltimore has reached its $650 million fundraising goal, a record for the state's Founding Campus.
"I am overwhelmed and inspired by the generosity of the University of Maryland community," said President Jay A. Perman, MD. "This campaign has launched the University into our third century with the belief that our best days are ahead of us, and with more of the resources we'll need to get there."
The capital campaign was designed to support scientific discovery, prepare new leaders, and extend the international reach of the University's programs. It was chaired by former State Senator Francis X. Kelly Jr., a member of the University System of Maryland Board of Regents.
The campaign literally altered the landscape of the University. A $5 million gift by David and Suzanne Hillman jump-started the construction of the Southern Management Corporation Campus Center, and a $30 million gift by the W.P. Carey Foundation led to the law school being renamed the University of Maryland Francis King Carey School of Law, in memory of the grandfather of Carey Foundation founder William Polk Carey. It also will allow the school to expand learning opportunities for its students.
At the School of Nursing, a $1 million commitment from alumna Mary Catherine Bunting established an endowed scholarship that, so far, has helped 12 students pursue a master's degree program to become a registered nurse.
At the School of Pharmacy, members of the Class of 2012 made personal gifts to fund scholarships for second- and third-year pharmacy students. The Class of 2012 Students for Scholarships Fund - which included matching funds from faculty and alumni - will provide scholarships based upon criteria that include leadership, scholastic merit, and financial need.
In addition to being able to afford innovative equipment and curriculum enhancements, the School of Dentistry is using the money for scholarship support, ensuring that highly qualified candidates are not turned away due to financial challenges. "Due to the scholarship I received, I will not have to work while I am in school, so I can devote more time to studying and serving the community," says Suzanne Grey, DDS '13.
At the School of Medicine, fundraising resulted in a near-doubling of endowed chairs and professorships. Those endowments are supporting research into lung transplants, Parkinson's disease, cancer, heart disease, and much more.
The School of Social Work was able to go from three privately funded scholarships each year to 50. The School's Board of Advisors set the aggressive goal to match the 50th anniversary of the School this year, and several board members were among the donors that made the goal a reality.
The campaign started in Fiscal Year 2005, before the recession that in many ways changed the fundraising environment. "The recession caught us by surprise," said Tom Hofstetter, JD, LLM, interim vice president for development. But, he added, "loyal, generous donors who stood by us, combined with the good counsel and leadership provided by the Board of Trustees of the University of Maryland Baltimore Foundation, Inc." helped keep the momentum of the campaign alive.
Hofstetter also said "the nature of philanthropy on this campus has gotten more sophisticated," with gifts of real estate, shares of companies, and trust distributions now common among donations.
The campaign took in more than 80 gifts of $1 million or more, accounting for about two-thirds of the total amount raised. There were more than 430 gifts between $100,000 and $999,999, and more than 1,200 gifts between $10,000 and $99,999.
Hofstetter said the campaign's achievement was a credit to the University's faculty, staff and students. "It's what they do every day that makes donors want to be part of the success here," he said.