Posted by: rcieri | September 12, 2008

“Ever Elon” endowment campaign to build university funds

September 12, 2008
By Rachel Cieri

This year, the Office of University Advancement will kick off Ever Elon, its newest campaign for university endowment.

With a current endowment of $82 million, the university has a tentative goal of $100 million for the Ever Elon campaign. Compared to other universities of similar size and caliber, Elon has a relatively low endowment. Davidson College, for instance, has more than four times Elon’s endowment.

The endowment gained through Ever Elon will be put toward student scholarships, recruiting more and better faculty and staff, undergraduate research and campus energy conservancy. The university would also like to make study abroad possible for every student, and it plans to put endowment toward need-based study abroad scholarships for every student in need.

In addition, the university will be using a portion of the funds to build and endow new facilities. The Lindner building, which is currently under construction, has $6 million allocated for its construction and a $1 million endowment. Some of the money may go toward building new athletic facilities near Rhodes Stadium as well as an interfaith center.

Endowing buildings on campus would help to cover costs for maintenance in the future.

“Elon has a zero-deferred maintenance policy,” Davis said. “That means if the paint is peeling on Alamance, it gets fixed right away.”

Newly endowed buildings may be renamed after the donor as a show of gratitude.

According to Chuck Davis, associate vice president of university advancement, Elon already has nearly $54 million in commitments for the campaign. Around $20 million is expected to come in the form of annual giving.

Several events, including a black-tie gala, will officially kick-off the Ever Elon campaign October 11.

To read the plan for the campaign in detail, visit Elon University’s website:

http://www.elon.edu/e-web/administration/2008_09_institutionalpriorities.xhtml

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Responses

  1. Rachel, this is a good story, but the Ever Elon kick-off event is Oct. 11. I know because I will be quite active in it. You have the date as Oct. 4. Also, the name of the building in the Academic Village is the Lindner Building, not Linder. When you use specific details you have to get them right; if you don’t, you lose the trust of your audience, and you eventually have no audience. Really zero in on the specific details!


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