`Campaign for Santa Clara` to Raise Money for Scholarships, Library, Faculty
SANTA CLARA, Calif.--(BUSINESS WIRE via COLLEGIATE PRESSWIRE)--Oct 7, 2002--Santa Clara University today announced the largest fund-raising campaign in the 152-year-old university`s history, to raise $350 million by 2006, for scholarships, faculty, technology, and new buildings including a new library and business school.
In announcing the campaign at a Saturday evening dinner party for several hundred alumni and friends, President Paul Locatelli, S.J, invited his audience to help the University ''move to a new level of academic quality and influence in the world.''
''Ten years from now, because of our high aspirations and this campaign, Santa Clara University will be known around the world for educating moral, responsible global citizens - leaders who will change the world by finding better ways to overcome ignorance and prejudice, to alleviate poverty and hunger, and to end divisions that are caused by religion, national origins, or languages,'' he said.
University officials said initial fundraising efforts for the campaign had already raised more than $150 million. The University`s previous fund drive, the ''Santa Clara Challenge'' in 1990-96, raised $134 million.
Master of ceremonies for the Oct. 5 fundraising event in the gardens of Santa Clara Mission de Asis was Leon Panetta, director of the Panetta Institute for Public Policy and former White House chief of staff who received his bachelor`s and law degrees from Santa Clara University. Panetta also teaches a political science course each fall quarter, and is a member of the University Board of Trustees.
''This campaign represents an opportunity to invest in a Jesuit education that will shape future generations of leaders,'' said Edward L. Panelli, former associate justice of the California Supreme Court, SCU alumnus and chair of the Board of Trustees. ''It also shows our confidence in the generosity of Santa Clara alumni and in the economic future of Silicon Valley.''
Since the start of the ''quiet phase'' of the campaign less than three years ago, Santa Clara University has announced a $15 million gift from Donald L. Lucas to help build a new building for the Leavey School of Business, a $20 million gift from Lorry I. Lokey for scholarships and a new University library, a $15 million gift from the Leavey Foundation to rebuild the Leavey Center athletic facility, and a $12 million gift from the Jesuit Community of Santa Clara for scholarships and community education.
Highlights of the new campaign are:
-- $100.75 million for scholarships, including both need- and merit-based scholarships, as well as athletic and graduate student scholarships
-- $32 million for endowed faculty chairs
-- $5 million in endowment for housing initiatives, to aid in the recruitment and retention of outstanding faculty
-- $20 million to support faculty in the innovative use of technology, including an endowment to create a new office of instructional technology to train faculty in the use of technology
-- $16 million in endowment for the Centers of Distinction: the Center for Science, Technology, and Society; the Markkula Center for Applied Ethics; and the Pedro Arrupe, S.J. Center for Community-Based Learning
-- $75 million for the construction of a new 21st-century library
-- $40 million for the construction of a new building for the Leavey School of Business
-- $29.25 million for the renovation and expansion of the Leavey Center athletic facility
-- $4.25 million for the construction of a new baseball stadium
-- $10 million for the annual fund for operational costs not covered by tuition and other revenue sources
-- $6 million to build a new Jesuit Community residence
-- $4 million to support expanded facilities for the School of Law
Santa Clara University`s endowment on June 30, 2002, was $407 million. Two-thirds of the University`s 4,400 undergraduate students receive some form of financial aid.
Approximately 3,100 students are enrolled in graduate programs. More than 30,000 of the University`s 65,000 alumni live in the Bay Area.
The comprehensive Jesuit, Catholic university located in California`s Silicon Valley offers students rigorous undergraduate curricula in arts and sciences, business, and engineering, plus master`s and law degrees. Distinguished nationally by the fourth-highest graduation rate among all U.S. master`s universities, California`s oldest higher-education institution demonstrates faith-inspired values of ethics and social justice. More information is online at www.scu.edu.
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