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OCT21

Carroll Publicly Launches Largest Fundraising Campaign in University History

The launch of the largest and most ambitious comprehensive campaign in Carroll's history marks the first time that the university has sought to raise $50 million.

"This, friends, is a big deal," President Doug Hastad told an audience of more than 220 people who joined together on October 16 to celebrate the start of the campaign's public phase.

Dr. Hastad announced that "Campaign Carroll: The Common Thread" emerges from its quiet phase, which began in 2009, with more than $31 million, or 63% of the goal, in gifts and pledges. The public phase is intended to go through June 30, 2016 as the university continues to reach toward its financial goal to support students, academic programs, and campus facilities.

The campaign journey began several years ago amid a long-range strategic plan focused on strong academic programming, infrastructure and sustainability to position Carroll for future growth, according to Jim DeJong '73, chair to Carroll's Board of Trustees. He is serving as the campaign committee co-chair along with Tim Sullivan '75, who is also a board trustee.

"As trustees of Carroll, each of us can tell you firsthand that Carroll is a place on the move. And when this campaign exceeds its goal – and it will exceed its goal – you will see another level of transformation," DeJong said.

Campaign funding will be allocated to four primary objectives:

  • $25 million for new science facilities, the Van Male Field House renovation, and the Greene Field Station.
  • $14 million for scholarships, faculty positions, and program endowment.
  • $6 million for academic initiatives travel abroad, athletics, pre-college programming, and core curriculum.
  • $5 million for The Carroll Fund to support current scholarships, academic services, and the resources for pioneering opportunities as they arise.

Sullivan stressed the need to build Carroll's endowment, which university administrators note lags behind other institutions such as Lawrence University, Beloit College, Elmhurst College, and Monmouth College.

He said of the $14 million planned to build Carroll's existing endowment, "I call that a good start. I don't call that the end game."

The financial goals for endowment and facilities – including a new state-of-the-art science center - account for 78% of the total funds sought. The science building, planned for opening in the fall of 2016, will be Carroll's first building constructed with only gift dollars.

"To many people it will be just simply another building on campus," said sophomore Emina Halilovic. "To me, though, it is a place where I can make dreams come true, where I can further my education and get one step closer to my goal of becoming a pediatrician."

Joanne Passaro, provost and vice president of academic affairs, said of the campaign that "each of us has an enormous stake in its successful completion. The success of future generations of Pioneers depends on it."