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St. John’s Capital Campaign Nears $120 Million Mark
As of September 30, 2007, St. John’s College has raised $119.2 million in gifts and pledges toward the $125 million goal of “With a Clear and Single Purpose”: The Campaign for St. John’s College. The college hopes to meet—or exceed—the goal by June 30, 2008. The most ambitious fundraising endeavor in the college’s history, the campaign seeks to raise funds for three major priorities: to support students with need-based financial aid and improved services; to increase faculty salaries to the median of peer institutions and provide more faculty development opportunities; and to fund building projects, including renovations and additions, on the two campuses.
Money raised through the campaign has already made a significant difference to the college, through growth in the Annual Fund (which provides operating expenses for instruction and financial aid), growth in the college endowment, and two new buildings in Annapolis.
These leadership gifts have contributed to the campaign’s success:
- Ronald Fielding (A70) made a $10 million gift to fund scholarships. He has also pledged to give another $2.5 million to the campaign if St. John’s alumni match that amount through first-time or increased gifts as well as pledges to the college.
- Warren Spector (A81) provided funding for a new dormitory in Annapolis.
- A single anonymous donor contributed $12 million, earmarked for the college’s annual spending needs and for endowment.
- The Hodson Trust has given $11 million for the construction of Gilliam Hall and for Mellon Hall renovations, for student internships; for Information Technology development, and for teacher fellowships to the Graduate Institute.
- Dr. Norman Levan (SFGI74), a California physician, made a gift of $5 million for the construction of a Graduate Institute center in Santa Fe.
- Alumni, friends of the college, and foundations have pledged $26.5 million to help support faculty salaries and development.