ACU unveils $50 million student affordability campaignPosted February 20, 2012
Abilene Christian University announces the public phase of the Partnering in the Journey Campaign, a $50 million effort to reduce the effects of rising tuition costs on current and prospective students.
Lead donors have already committed $15.5 million to the campaign. The news was announced at Saturday evening's President's Circle Dinner, an annual gathering of top ACU donors.
"The increasing costs of higher education and a struggling economy have made it much harder for our students to afford a premier Christ-centered education," said Dr. Phil Schubert, university president. "If we are to equip students to make a real difference in the world, as we promise, we must make it easier for them to leave our campus with little or no debt."
The Partnering in the Journey Campaign takes its name from the life of the Apostle Paul, who met Jesus on the road to Damascus and received a mission that changed his life and transformed the world. His series of missionary journeys, undertaken with a group of committed partners and generous supporters, helped spread Christianity throughout the known world.
"When Paul met Jesus, his first question was, 'Who are you, Lord?'" said Phil Boone, ACU vice president for advancement. "The students on our campus have questions of their own. They find Jesus here, and they begin to get answers – what they’re going to do and where God is calling them. But Paul had partners as he fulfilled his mission, and our students need partners, too."
ACU's endowment – $289 million, as of Dec. 31, 2011 – has been one of the best-performing university investments in the nation, comprising 609 scholarship funds that collectively award more than $3.5 million in scholarships each year.
Since June 1997, ACU's endowment has received about $100 million in gifts and distributed more than $130 million in grants and scholarships yet has more than tripled in size from $79 million to its current total, thanks to an award-winning investment team.
"Giving to endowed scholarships is an investment in students that pays dividends generations into the future," Schubert said. "It is a decision to stand alongside the young men and women of today and tomorrow as they answer the call of God in their lives and their world."
Please consider partnering in the Journey Campaign. Visit here to donate and to see a detailed case statement about the campaign.