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Wofford has record giving year, reaching $19.6 million

Thursday, March 15, 2007

Campaign for Wofford reaches nearly $80 million 

SPARTANBURG, S.C. – Wofford College raised a record $19.6 million in gifts in 2006, $5 million more than the 2005 record year – putting the $105 million Campaign for Wofford at nearly $80 million three years before the campaign’s end.

In addition, $7.5 million in pledges were received in 2006, and more than 40 percent of Wofford’s alumni participated in giving last year, the first time the college has reached that level since 1998.

“We are obviously pleased with the huge successes achieved with the support of so many alumni, parents and other friends of the college,” Wofford President Benjamin B. Dunlap says.  “Wofford’s growing national reputation along with the generous gift support of thousands of individuals is eloquent testimony to the hard work of both faculty and staff.  We aim to offer nothing less than the finest liberal arts education in America.”

Wofford saw the completion of the campaign to garner $8 million for the restoration and renovation of Main Building, and the college recently celebrated the reopening of Main and its historic Leonard Auditorium. 

In addition, the record year allowed Wofford to create 31 new endowed scholarships and one new endowed professorship, plus generous support for numerous other programs.  “Thanks to the diligence of our board of trustees, our National Campaign Steering Committee, and so many other loyal volunteers,” Marion B. Peavey, senior vice president for development and college relations, says.  “Another reason for this success is due to the increased efforts to provide more opportunities through selected programming for our alumni, parents and other friends to meet our faculty and students.”

More than 44,500 gifts have been made to the Campaign for Wofford from alumni, parents, other friends, foundations and corporations since it began in October 2002.

In 2006, Wofford trustee Ed Reeves announced a new challenge gift.  The Reeves Family Foundation pledged $1 million if Wofford raises $2 million by May 2008, with all funds to be used to establish new endowed professorships.  This is the second challenge offered by the Reeves Foundation; the first, which produced nearly $4 million, also established endowed professorships.

“We are delighted to receive this additional major challenge from the Reeves Foundation,” Peavey says, “and we anticipate successfully raising the necessary funding in the coming months.  This challenge will provide a tremendous boost to our efforts to increase the number of endowed faculty positions, which will help assure permanent high quality faculty.”