I am delighted to tell you that we set a new record for fundraising this fiscal year, having raised more than $86.4 million, the largest single-year amount in the University’s history. This extraordinary total (well in excess of the $60 million goal set for the period from 1 July 2010 to 30 June 2011) brings Excelsior | Ever Upward | The Campaign for Fordham to $437 million.
On behalf of a very grateful University, I thank you. At no time have the collective efforts of the Fordham family paid off more handsomely than during the past year.
I would also like to thank the campaign co-chairs and our splendid campaign volunteers for their remarkable and energetic leadership. (Trustee gifts now total more than $152 million, and have paced the campaign.)
The bottom line, of course, is people: these numbers mean that we can educate more students—many of whom could not otherwise afford a Fordham education—in greater depth and with cutting-edge tools and facilities. (This year saw tangible results of the campaign: We opened Campbell, Salice and Conley Halls; we broke ground on the most ambitious capital project in our history, the first stage of which is a new Law School and undergraduate residence hall; and we began the renovation of the future home of the Gabelli School of Business.) Truly this has been the University’s annus mirabilis.
While the campaign totals for scholarship support and academic support are now at 117 percent and 100 percent of their respective goals, it is clear that we still face many challenges. As the cost of providing a first-class education increases, scholarship support must keep pace, lest we exclude students like Abraham Mercado, Fordham’s eighth Truman Scholar, and Cristina Vignone, Fordham’s first Beinecke Scholar.
Likewise, we must raise almost $85 million still for unmet needs in endowed professorships and several crucial building projects. Therefore, while we celebrate a year of impressive achievements, we simultaneously focus on the work still to be done to achieve the ambitious goals that we have set for ourselves. (I am happy to tell you that on 1 July I received word that the Bloomberg Foundation has decided to give us $1 million for undergraduate scholarships.)
I remain profoundly grateful for the tireless efforts and generous support of the entire Fordham family. We are blessed to count you as a member.
Joseph M. McShane, S.J.