Plans to Refocus Fund-raising to Enhance
By Carol Olechowski (April
Kermit L. Hall has announced plans to retire
UAlbany's Bold.Vision. campaign and refocus
the University's fund-raising efforts
to place greater emphasis on scholarships and
academics with the goal of enhancing student
"Philanthropy plays a critical role
in determining UAlbany's success," noted
Hall, adding that he wants to realign the University's
philanthropic efforts with the changing needs
"Upon arriving at UAlbany, I discovered
many new institutional developments that had
occurred since the launch of its major fund-raising
campaign," said Hall. "It is essential
that these developments, along with new priorities,
be factored into our vision for institutional
success and our overall fund-raising equation.
"As we work to reformulate our institutional
goals, I expect the Inaugural Scholarship
Fund to serve as the bridge between UAlbany's
original campaign and a newly focused one."
Hall launched the Inaugural Scholarship Fund
when he arrived at UAlbany, jump-starting it
with $100,000 that would have been spent on
his presidential inaugural event. He and his
wife, Phyllis, then pledged an additional $10,000.
To date, the fund has generated more than $177,000
in support of need-based undergraduate scholarships.
Former President Karen R. Hitchcock launched
the Bold. Vision. campaign in April 2003 with
the goal of reaching $500 million by 2008.
Support for new buildings and scientific equipment
was a major priority of the campaign, and about
$250 million has been raised so far, much of
that in the form of scientific equipment and
other corporate donations.
Hall said the new campaign will be "directed
toward creating the resources that make it
possible for our students to be retained, graduate
and get on to successful lives." Besides
scholarships, the University's fund-raising
efforts will seek to increase support for endowed
professorships and fellowships, he said.
In the coming months Hall will conduct a feasibility
study and work with key University stakeholders
to develop a new strategy.