$1 Billion; Impact of ‘Vision & Tradition Campaign’ Will Be Felt for Generations
Nearly a year ahead of schedule, Texas Tech’s “Vision & Tradition: The Campaign for Texas Tech” has surpassed its $1 billion goal with the support of more than 120,000 donors, making the effort the most successful capital campaign in the history of the Texas Tech University System, officials claim today (Feb. 8).
“This is a historic moment,” said Chancellor Kent Hance. “Surpassing the $1 billion milestone is a direct testament to the overwhelming support from our loyal donors.” Donations to the campaign came from 39 countries and all 50 states.
Gifts to the system are designated to whatever cause the donor chooses; and support many areas, including:
- Student scholarships
- Faculty endowments
- Research efforts
- Facility improvements.
Of the several areas benefiting from the campaign, preliminary numbers indicate approximately $145 million is being invested in students by creating scholarships; more than $70 million is being invested in faculty by establishing endowments; and more than $470 million is being invested in academic programs, innovative research and university initiatives.
Nearly $315 million is being invested in campus development through the construction of spaces where students and faculty can learn, discover and compete. Approximately 20 buildings were built, renovated or are currently under construction thanks to the campaign, and four academic programs have been named in the honor of significant contributions.
Officials note that the Texas Tech University System is one of only three institutions in the state to have completed a $1 billion fundraising campaign. The system joins a group of fewer than 70 universities to have raised $1 billion.
Reporting by Dailey Fuller
CONTACT: Jane Piercy, Director of Development and External Relations, College of Agricultural Sciences and Natural Resources, Texas Tech University at (806)742-2802 or email@example.com
Editor’s Note: For more information go to http://today.ttu.edu/2013/02/vision-and-tradition/