![]() ![]() ![]() What are the principal areas of funding needs? All the while, we're working very closely with the provost, Biddy Martin, and the deans to be certain campaign priorities align with the university's academic needs. It's also a time to build the prospect pool and to hone planning. The nucleus fund phase is where you begin to test campaign priorities and to assess how the institution's needs resonate with prospective donors. ![]() We are proceeding as if we are going to have a two-year quiet nucleus fund phase and a five-year public phase. The starting point was July 1, 2004, when we began the nucleus fund phase. We have a definite starting point and a definite end point. What is the timetable for the capital campaign moving forward from the silent phase to a public announcement, and the stages to follow? They include the Residential Initiative, as well as important interdisciplinary research and teaching facilities, such as the Life Sciences Technology Building, Milstein Hall, a new building for the physical sciences and facilities for Computing and Information Science. There are also several very large capital projects that will be part of the campaign - large in terms of scale and cost. We need to ensure that resources are available to recruit new faculty but also to maintain our current stars. Demographics are such that over the course of the next decade, as many as a third of our faculty may retire. We've made a lot of progress in helping those students with the greatest need, but we're seeing that the cost of a Cornell education has become more difficult for members of the middle class to afford.Ĭornell also faces challenges related to the recruitment and retention of faculty. Over 60 percent of our student body receives some sort of financial aid. And Cornell is committed to maintaining its need-blind admissions policy - admitting students based on their academic qualifications, not their ability to pay. As the cost of education goes up, the needs associated with financial aid go up at the same time. How are the university's needs different or greater now than a decade ago?Įndowment continues to be a high priority for Cornell, and we still lag behind many of our peers in endowment per student. I think what we've seen is that over time, government support as a percentage has diminished, and as a result endowment has become increasingly important to Cornell. So there was some pretty significant growth.ĭoes that go along with the changing nature of endowments in higher education, and some aspects of how universities are funded? Further, there was a 114 percent increase in the number of student aid endowments. Between 19 there were another 118 added - an increase of 91 percent in just a seven-year period. From the university's founding until 1988, when the nucleus fund phase for the last campaign began, 130 positions were endowed. When you look at the number of endowed positions going into it as well as the number of endowed scholarships, it's where we saw significant growth. And I think one of the reasons we've been so successful in raising money for endowment since then has been the foundation laid during that campaign. One of the more significant things about the last campaign was its focus on endowment as an institutional need. Let's start by talking about the experience of Cornell's last major capital campaign, which raised $1.507 billion from 1988 to 1995. Toy, interim vice president for Alumni Affairs and Development, talks about the planned Cornell capital campaign in her Day Hall office.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |