UAlbany President Kermit
Hall Announces Plan to Refocus Fundraising
Catherine Herman (518) 437-4980
ALBANY, N.Y. (March 25, 2005) -- President
Kermit Hall announced today his plan to evaluate
and refocus the goals and direction of UAlbany’s
Bold Vision capital campaign. His objective
is to realign the University’s philanthropic
efforts with that of the changing needs of
“Philanthropy plays a critical role
in determining UAlbany’s success,” said
President Hall. “Upon arriving at UAlbany,
I discovered many new institutional developments
that have occurred since the launch of its
major fundraising campaign. It is essential
that these developments, along with new priorities,
be factored into our vision for institutional
success and our overall fundraising equation.”
One area that President Hall wants to place
an increased emphasis on is student success.
In his welcoming remarks to the University
community he announced the launch of an Inaugural
Scholarship Fund. Hall jump-started the fund
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.
"President Hall has offered a new and
exciting vision for the future of the University," said
George Hearst III, president of the University
at Albany Foundation Board of Directors and
associate publisher of the Albany Times
that builds on the achievements of the past.
The realignment he proposes with its increased
focus on students is a compelling initiative.
We are pleased to join him in this reinvigorated
effort and ask those who share our belief in
student success to continue their support."
“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
said. In the coming months Hall will conduct
a feasibility study and work with key University
stakeholders to develop a new strategy.
The Bold Vision Campaign was launched by
former President Karen R. Hitchcock in April
2003 with the goal of reaching $500 million