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March 31, 2011
The OSU Monthly Campaign Update tracks progress toward our $1 billion campaign goal, celebrates successes along the way, and, above all, showcases the impact philanthropy makes on OSU students, the state of Oregon, and our world.
The third quarter of the fiscal year came to a strong close with $76 million raised to date this year. The campaign total now stands at $682 million toward our $850 million goal. Learn more about campaign progress.
One of the most exciting gifts of March was a $2 million commitment in memory of Joyce Furman '64, a member of the Campaign Steering Committee who passed away in 2009. This gift, combined with other funds, will support the interior refurbishment of Education Hall's first three floors while the exterior renovation is underway. The building will be renamed in Joyce's honor.
This month's update describes several additional facility projects now in process and the impact they will have on students.
• Academics: Education Hall, College of Business building
• Athletics: Sports Performance Center, Track and Field Complex
• Student Experience: Native American Cultural Center, Student Success Center
Facilities and equipment account for 22% of the total campaign goal, somewhat higher than most university campaigns (15% average). Because this is OSU's first campaign, demand has built up for new and improved facilities.
The vision of a new facility and how it will enhance the university can be highly motivating for certain donors, another example of how The Campaign for OSU is expanding the university's donor base. For example, a recent $100,000 commitment for an athletic project came from an individual who had never previously made a gift to Oregon State.
Altogether, more than a third of those who have made a gift to the campaign are making their first gift to OSU. "That's a remarkable number of first-time donors," says Shawn Scoville, Senior Vice President for Development and Campaign Director. "Our goal is to help them remain engaged with the university far into the future. You start to see how campaigns build on each other as the philanthropic community — and a culture of giving — grows."
In March, the total number of households who have contributed to the campaign passed the 55,000 milestone.