The Campaign for TCU, the university’s comprehensive fund-raising effort, exceeded its $250 million goal two years ahead of schedule, according to an e-mail sent Monday by Chancellor Victor Boschini.
According to a press release, gifts and pledges now total $267.6 million, while the next goal for the campaign is to raise money to focus on scholarships.
“The remarkable support of Horned Frog alumni and other friends is enabling us to realize TCU’s vision of creating a world-class, values-centered university experience,” Boschini said.
Boschini said in an e-mail that now the university is focusing on an aggressive scholarship initiative with a goal of $100 million.
“…We cannot rest on these accomplishments. As the campaign has progressed, additional challenges and opportunities have arisen. For example, the need for scholarship funds has grown significantly as the economic downturn has affected many of our families.”
Donors have committed $51 million for academic programs and faculty support, including 12 endowed chairs and professorships. About $41 million has been raised for scholarship endowment, including the Bob Bolen Leadership Scholars program created by The Sarah & Ross Perot, Jr., Foundation.
A total of more than $32 million has been directed to the Annual Fund, which supports the university’s mission through general scholarships and academic programs.
The Campaign for TCU is also helping to underwrite a campus transformation with facilities such as the J.E and L.E. Mabee Foundation Education Complex with Betsy and Steve Palko Hall; Clarence and Kerry Scharbauer Hall, another new academic facility; the Schieffer School of Journalism Convergence Center; the Brown-Lupton University Union; four residence halls in the new Campus Commons: Amon G. Carter Hall, Teresa and Luther King Hall, Mary and Robert J. Wright Hall and Kellye Wright Samuelson Hall; the Sam Baugh Indoor Practice Facility and Cox Field; and the Meyer-Martin Athletic Complex. Construction on the Mary Wright Admission Center and the Jane Justin Field House are under way. The total committed for facilities is about $133 million.
In addition, $11 million has been raised for other priorities.
During the remaining two years of the campaign, TCU will continue to raise funds for scholarships, academic programs and renovation of Amon G. Carter Stadium, among other initiatives.
For more information, visit www.campaign.tcu.edu.