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UAlbany President Kermit Hall Announces Plan to Refocus Fundraising Campaign

Contact: 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 the University.

“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 Union, "one 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 by 2008.


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