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Wofford exceeds fundraising goal a year early


2009-03-06

More than $106 million raised for professorships, scholarships, facilities

SPARTANBURG, S.C. – Wofford College has exceeded its fundraising goal by more than $1 million a year ahead of schedule in the six-year “Campaign for Wofford” – bringing in more than $106 million by the end of 2008.

Begun in October 2002, the Campaign for Wofford, with a goal of raising $105 million, was scheduled to end on Dec. 31, 2009. A year early, the campaign closed Dec. 31, 2008, with $106,110,824 in gifts and pledges, according to Marion Peavey, senior vice president for development and college relations.

“We received lots of loyal support from alumni, parents and friends,” Peavey says. “Our National Campaign Steering Committee led by Jerry Richardson (owner, Carolina Panthers), Hugh Lane (president/CEO, The Bank of South Carolina) and Harold Chandler (CEO, Univers Workplace Benefits) and the great volunteer network did an outstanding job.”

Lane, president and CEO of The Bank of South Carolina and a member of the Wofford Board of Trustees, says, “The generosity of Wofford alumni and friends in support of this campaign is overwhelming and quite a tribute to the college. The success of the campaign is an enormous investment in the future of the college and certainly makes the future more secure.”

“To be part of something that you and others can believe in with all your heart and soul is a wonderful gift,” says Wofford President Benjamin B. Dunlap. “To give back to it in turn is both a privilege and an affirmation. There are many of us for which the Wofford capital campaign has meant exactly that.”

Peavey attributes the early success of the campaign to a number of things. “The credibility of Wofford College is the major reason. We are so well-respected by our constituents, and with that loyalty comes support and approval. It’s a stamp of approval for what we do here at Wofford every day – provide an excellent education to outstanding young men and women.”

The Campaign for Wofford included raising funds for a variety of purposes, including the permanent endowment to fund endowed professorships and chairs, endowed scholarships and The Novel Experience program; facility needs, including work at Russell C. King Field baseball stadium, restoration and maintenance of Main Building, renovations of Andrews Field House, residence hall work and other needs; Annual Fund and Terrier Club support; and funds for the enrichment of academic and campus programs.

The campaign has or will fund 142 new scholarships, and 11 new professorships/chairs have or will be created. A total of 10,965 donors contributed gifts or pledges. Of Wofford’s 13,000 living alumni, 6,572 provided gifts. More than are 1,660 parents of current or former students gave. The number of gifts and pledges total more than 67,523, with individual donors giving to more than one category.

Peavey notes that 18 donors provided at least $1 million each, with the largest gift of $4.5 million from the Bonner Foundation going toward the college endowment.

While the Campaign for Wofford has ended, needs continue in a variety of areas, and fundraising for those will continue, Peavey stresses. “We have about $160 million in high priority needs, including building our endowment and meeting some pressing facilities needs. Those include funding the completion of The Village senior student apartment complex, completion of the Joe E. Taylor Athletics Center and more funds for the Glendale Shoals Environmental Studies Center. Other facilities needs include renovation of the former Baptist Student Center, work on the maintenance facility, laboratories and the new campus greenhouse. In addition, we are raising funds for additional endowed scholarships and professorships.”

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