BW Surpasses Campaign Goal in Raising Over $97 Million
Baldwin Wallace is celebrating the successful conclusion of Transforming Lives: The Campaign for Baldwin Wallace University, which exceeded its goal in generating $97.2 million to support important capital projects, endowment for student scholarship and academic initiatives, and operating support through the Annual Fund.
The campaign, the most ambitious financial undertaking in school history, was publicly announced in 2007 with a minimum goal of $82 million. Since that time, 15,395 alumni, trustees, parents, faculty/staff and friends have provided $97,168,974.
"Transforming Lives has been the catalyst to bring a series of wonderful enhancements to the campus, while simultaneously providing added stability as we enter a new century," stated trustees and campaign co-chairs Willard E. Carmel and William B. Summers, Jr. in a recent report.
"We are deeply grateful for the investments people have made-- investments that will have an enduring impact on the learning and growth of BW students," continued Carmel and Summers. "Baldwin Wallace has a proud tradition of excellence and an even brighter future."
The campaign included four objectives:
- To enhance the learning environment through renovation, new construction, new equipment and learning resources.
- To provide financial assistance for deserving students.
- To support professional scholarship, sustain faculty excellence and develop new academic initiatives.
- To sustain excellence and strengthen the College through giving to the Annual Fund.
Thanks to the generosity of donors, the following goals were achieved through the campaign:
Creating a physical environment for a world-class Conservatory
Scheduled for completion in fall 2011, the stunning 15-month, $17 million project has nearly doubled space for the Conservatory. The four-building complex has new and updated rehearsal halls, performance areas, classrooms, teaching studios and practice rooms, among other amenities.
Building a state-of-the-art complex for science and innovation
The new Thomas Family Center for Science and Innovation offers impressive graduate-level research opportunities. At $27 million, the four-building complex is the largest capital project in College history. Completed last year, it includes 27,000 sq. ft. of new construction as well as full renovation of three existing buildings.
Giving athletic facilities a "kick"
A $7 million, 20,000 sq. ft. expansion to the Lou Higgins Center added space and offers outstanding workout areas, state-of-the-art athletic training facilities, faculty offices, classroom space and more.
Also impressive were the two Finnie Stadium updates. Tressel Field underwent complete replacement of its artificial turf and the running track was redone. At the time of completion in 2009, the new track was one of only four in the world using the latest Mondo technology.
Providing financial assistance to deserving students
With an unstable economy placing financial strain on families, BW-based financial assistance has become paramount in attracting and retaining quality students. Currently, over 90 percent of the College's students receive some form of aid. Through Transforming Lives, over $20.6 million in new endowment has been created to aid students.
Nurturing student success through faculty mentoring, programs
Faculty-student interaction fosters exceptional learning at BW. Current and future generations of students and faculty will benefit from the campaign's $16 million dedicated to the support of professional scholarship, faculty initiatives and new program development.
Endowed funds, such as the Burton D. Morgan Chair in Entrepreneurial Studies, sustain excellence in teaching. The chair helps to spread entrepreneurial thinking across campus. Campaign funds also helped BW introduce nine new majors in recent years to address a rapidly changing world.
Strengthening the College through Annual Fund
The Annual Fund strengthens the College's planning process and provides budgetary stability to sustain excellence in every aspect of campus life.
Annual Fund dollars give the College flexibility to respond to change, meet unexpected needs and take advantage of new opportunities-- whether the needs involve emergency financial aid, new program development, curriculum innovation or otherwise. BW alumni and friends provided more than $11.6 million for this purpose.
Building a College for the future
As Baldwin Wallace continues to position itself for the future, the successes of today will become the building blocks for a greater tomorrow.
"BW is committed to providing exceptional student-centered opportunities for learning," emphasized BW President Richard Durst. "Transforming Lives allows us to build upon the momentum of recent decades, enhance the learning environment and ensure the continued excellence of our programs. We deeply appreciate the confidence and commitment expressed by the thousands of alumni and friends to make this possible."