Lexington, VA • Monday, October 25, 2010
Washington and Lee University has officially launched the most ambitious fund-raising campaign in its history, setting a goal of $500 million to be reached by June 30, 2015.
The University announced the figure during a celebration for "Honor Our Past, Build Our Future: The Campaign for Washington and Lee University," on Friday, Oct. 22. The University announced that it has already raised $310 million during the campaign's quiet phase, which began in July 2008.
"We are all in this together, and we are asking a lot of each other," Washington and Lee President Kenneth P. Ruscio told those who gathered in W&L's Warner Center for the kickoff event. "But the task before us matters. And it is bigger than any of us."
The "Honor Our Past, Build Our Future" campaign calls for commitments to five areas that W&L originally identified as part of its strategic plan, which it adopted in May 2007:
- $160 million for recruiting and supporting students with exceptional personal and intellectual characteristics;
- $122 million for recruiting, retaining and developing exceptionally qualified faculty and staff committed to the values of the University;
- $120.5 million for creating a campus for the 21st century;
- $37.5 million for establishing new academic programs and enhancing existing ones that foster learning, engagement and character;
- $60 million for creating financial flexibility through sustaining and growing the Annual Fund throughout the campaign.
During the campaign, the School of Law’s areas of focus will include financial aid, professorships, and a renovation and expansion of Lewis Hall to support the School’s innovative third-year curriculum, among other programs.
The campaign's co-chairs are Philip W. Norwood, a 1969 graduate from Charlotte, N.C., and Warren Stephens, a 1979 graduate from Little Rock, Ark. The honorary chairman is Robert E.R. Huntley, of Lexington, Va., an alumnus, former president of the University, and former dean of the School of Law.