years, $2 billion, one goal: building on Chicago's strengths
food for thought and a celebratory dinner, on April 12 the University's
Board of Trustees launched "The Chicago Initiative,"
the largest fund-raising effort in the University's history-and
among the most ambitious campaigns in the history of higher
education. In announcing the five-year, $2 billion capital campaign
at a Bartlett Dining Commons event attended by 525 Chicago alumni
and friends, Board of Trustees chair Edgar D. Jannotta noted
that in a two-year "quiet" phase, early supporters
had already committed $702 million to the effort-surpassing
the $676.2 million raised during Chicago's last five-year capital
campaign, completed in July 1996.
President Randel helps launch the Chicago Initiative.
Bartlett dinner followed an afternoon series of symposia in
which faculty members from across the University considered
some of today's most pressing issues and persistent questions,
while offering glimpses of how Chicago's researchers are responding.
As President Don M. Randel noted in introducing the program,
the symposia reflected Chicago's central enterprise and thus
underscored the Initiative's aim, to "support what matters
to this University most."
on four priorities, the Initiative will raise fund to build
on Chicago's traditional strengths, with the following monetary
$275 million for faculty positions and research, including
endowments for more than 35 full professorships;
million to support undergraduate financial aid and graduate
million to finance 11 facilities projects in the campus master
plan, including the Interdivisional Research Building, a Graduate
School of Business campus, and facilities for the creative
and performing arts;
million to underscore resources to Chicago's programs in the
natural sciences, medicine, and computation; and
million in annual giving to provide student scholarships and
graduate fellowships; faculty research and teaching programs;
Initiative's quiet phase raised $152.6 million in gifts to Chicago's
endowment, $291.1 million earmarked for current use, $97.6 million
for facilities, and $160.9 million in gifts for purposes that
have yet to be specified.
The result of a three-year, University-wide planning process,
the Initiative is chaired by Jannotta, assisted by James S. Crown
and Paula Wolff, AM'69, PhD'72, vice chairs of the Board of Trustees.
Other members of the Trustee Campaign Steering Committee are Andrew
M. Alper, AB'80, MBA'81; James S. Frank; Robert M. Halperin, PhB'47;
Dennis J. Keller, MBA'68; Peter W. May, AB'64, MBA'65; Harvey
B. Plotnick, AB'63; and Andrew M. Rosenfield, JD'78.
94, Number 5
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