Wooster Launches $122 Million Campaign with Largest Gift in its
History
For Immediate Release
October 18, 2003
 |
| Wooster President R. Stanton Hales announces
the $122 million goal for "Independent Minds, the
Campaign for Wooster," at a gala dinner in Kittredge Hall
Saturday night. |
WOOSTER, Ohio - The College of Wooster kicked off its largest
fund-raising campaign ever today by announcing the largest single
gift in the
school's history - $9 million from The Walton Family Foundation,
Inc. The announcement came at a gala dinner attended by more than
200 alumni, trustees, faculty, students and friends of the college
in Kittredge Hall on Wooster's campus. -
One million dollars will be used to establish an endowed scholarship
fund. The foundation has asked the college to use the remaining
$8 million in whatever way will best ensure the overall success
of the campaign.
The Walton Family Foundation, Inc. was established as the culmination
of the philanthropic interests of the family of Sam M. and Helen
R. Walton. The family's purpose in establishing the foundation was
to focus their philanthropic efforts to assure that their charitable
giving would have the most positive impact. Rob Walton, chairman
of Wal-Mart Stores, Inc., attended The College of Wooster for two
years before transferring to the University of Arkansas. He served
as a trustee of the college from 1986 to 2001.
In all, Independent Minds: The Campaign for Wooster seeks to raise
$122 million for capital projects, student scholarships, and academic
programs over the next four years. Including the $9 million gift
announced tonight, the college has raised just over $80 million
since the so-called "quiet phase" of the campaign began in July
2000.
Some tangible results of that effort are already visible on campus:
Gault Admissions Center, Longbrake Student Wellness Center, and
Burton D. Morgan Hall, Wooster's newest academic building, were
all funded by generous campaign gifts. So was Bornhuetter Hall,
a 183-bed student residence hall that will be ready for occupancy
next fall.
Other benefits of the money raised to date are less obvious, but
no less concrete, including several new endowed professorships and
a number of endowed scholarships.
"For the last three years, trustees and close friends of the college
have not only identified needs, they have made extraordinary commitments
in order to meet them," said R. Stanton Hales, Wooster's president.
"Members of the board of trustees have together contributed nearly
$25 million of the $80 million raised to date."
"We've come a long way in the campaign, but the most challenging
- and exciting - period lies ahead," added James T. Clarke '59,
the campaign chair. "With the launch this weekend of the public
phase we extend our hand to the greater Wooster family of alumni
and friends¸Together we can help transform Wooster into what it
can be Ü a nationally recognized liberal arts college with lofty
goals, providing an exceptional educational experience."
Two major capital projects remain to be funded: renovation of Kauke
Hall and construction of a 60-bed residence hall.
Built in 1901 with a challenge grant from Andrew Carnegie, Kauke
is the college's most identifiable building and its symbolic centerpiece.
For more than a century, every Wooster student has had at least
one class there. Last renovated in the 1960s, the building "is showing
its age," Hales says. Dropped ceilings conceal original woodwork
and obscure windows. Classrooms show the wear and tear of constant
use. Offices have been carved out of storage rooms. There are no
public spaces where students and faculty can gather before and after
class. A top-to-bottom interior renovation will restore Kauke's
original beauty, while also updating its technology infrastructure
and mechanical systems.
The new residence hall will, along with the addition of Bornhuetter
Hall, allow the college to turn crowded double rooms in three existing
buildings into singles.
In addition to these bricks and mortar projects, the college hopes
to raise $53 million in new endowment.
"The endowment is the foundation that provides long-term financial
stability for the college," said James R. Wilson '63, chair of Wooster's
board of trustees. "It provides a significant portion of our operating
budget each year and allows us to weather the tough times while
continuing to position ourselves among the highest quality small
liberal arts colleges in the nation."
Endowed professorships help the college attract and retain the
best teacher-scholars, while endowed scholarships assist talented
and motivated students who would not otherwise be able to attend
Wooster. Endowment income also supports curriculum enhancements,
distinguished speakers and cultural events, and Independent Study,
Wooster's signature academic program, in which every senior creates
an original research project, written work, performance or art exhibit,
supported one-on-one by a faculty mentor.
"Independent Study is a distinctive approach to liberal arts education,"
Hales says, "but it is not an inexpensive one. It takes faculty
as dedicated to teaching, advising and mentoring their students
as they are to their scholarly work. It takes first-class facilities.
And it takes the resources to attract bright, motivated students
to Wooster. Independent Minds: The Campaign for Wooster will help
us continue to provide all those things."
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