For immediate release
Feb. 23, 2004
Abilene Christian University kicked off its largest development campaign in the school's history Saturday with the announcement of the $150 million Centennial Campaign.
ACU will celebrate its 100th year in 2005-06, and the campaign is the first in a long lineup of events marking the anniversary, said Dr. Royce Money, ACU president.
"As we approach our Centennial, we naturally reflect on our history and anticipate the possibilities of our future," Money said. "The Centennial Campaign is the beginning of several years of doing just that."
The campaign, with a theme of "Called to Faith and Excellence," seeks to fund improvements to the campus and, most importantly, to the faith and learning of ACU students, said Don Crisp, chairman of ACU¹s Board of Trustees and campaign co-chair.
"This campaign looks to the future of ACU while honoring our heritage and fulfilling our mission in today's world," said Doc Cornutt, Board of Trustees member and campaign co-chair. "We begin this campaign relying on God and focusing on the needs of our students."
The co-chairs for the Centennial Campaign are Crisp and Cornutt. The campaign began in January of 2001 and will conclude in December 2006.
As of the announcement on Saturday, ACU had raised $ 56,942,502.97 toward the campaign goal, including a commitment of more than $31 million by the Board of Trustees.
The $150 million raised during the campaign will go toward capital projects, the Centennial Annual Fund and ACU's endowment. The endowment will receive $95 million; $39 million will go to capital projects; and $16 million will be applied to the Centennial Annual Fund.
ACU's Annual Fund provides for the basics essential to students' education such as faculty salaries, scholarships, supplies, and regular operation expenses, said Dr. John Tyson, vice president for development.
"Funding received for the Centennial Annual Fund provides things that would be beyond the reach of income from tuition and fees," Tyson said. "It funds the things that set us apart in the eyes of prospective students and proves our commitment to their futures"
A challenge gift of $250,000 has been given anonymously to the Centennial Annual Fund for the 2003-04 school year. The gift is designed to inspire alumni and friends of the university to become donors and to encourage gifts for the university's budgeted needs.
Nearly $40 million of the funds raised will be dedicated to capital projects. The projects include new and refurbished academic buildings, a new Alumni Welcome Center, a wellness and fitness center for students, and an off-campus conference/retreat center.
The largest part of the campaign funds will be added to ACU's endowment, which secures the future for ACU and its students. A few of the goals of the endowment are meeting the financial needs of students through scholarships, providing specialized academic programs to embrace each student and every discipline on campus, reducing faculty-student ratios, and providing students international learning opportunities.
"There is no better investment of time, emotion and money than right here in this university," Crisp said. "Young people who receive a Christian education will bless their families and every succeeding generation for untold years to come."
ACU's previous campaign, "To Lead and To Serve," began in 1998 with a goal of $100 million and concluded in 2001 with $114 million raised.
If you are a member of the media who would like more information about this release, please contact Wendy Kilmer, media relations coordinator.
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