With the University's 1994-95 Annual Fund surpassing its $1.2 million objective, President Hitchcock has announced that the 1995-96 campaign will tackle the Fund's most ambitious goal yet: $1.4 million.
The unprecedented target, Hitchcock noted, is "a substantial, but achievable, increase over our record accomplishment last year." She added that the augmented objective has been planned as a component of "a three-year goal to increase Annual Fund support by 40 percent, to $2 million."
Each year since its founding in the mid 1970s, the Annual Fund has eclipsed both its objective and the preceding year's total. In 1994-95, 14,037 alumni, parents, and friends contributed more than $1.25 million to the Fund, topping the $1.2 million goal by $50,245 and exceeding the previous year's performance by nearly four percent.
Annual Fund National Chair Edith Tanenbaum Rudolf, a 1947 Albany graduate, expressed gratitude to supporters for making the 1994-95 campaign a success. "I am most grateful to the members of the University family for their generosity," said Rudolf. "By supporting the Annual Fund, our graduates and other benefactors are keeping alive the 150-year-old Albany tradition of philanthropy and ensuring that excellence remains both affordable and accessible to today's students."
Hitchcock praised Rudolf and Parents' Fund chairs Alan and Louise Katz for bringing the Annual Fund campaign to a successful conclusion. The president observed that "the efforts of Mrs. Rudolf and the Katzes will certainly set the pace for next year's campaign."
Vice President for University Advancement Christian G. Kersten added that "last year's achievement bodes very well for 1995-96. It is important to remember that the participation of the entire University family is essential to the Annual Fund's continued success."
Annual Fund donations support student academic advisement; the University Progress Fund; the Career Development Center, which provides career counseling for students; the Interactive Media Center (IMC), where computer technology reinforces classroom learning; the Center for Language Learning and Research (CELLAR), a state-of-the-art language laboratory; and a number of other Albany initiatives.
The Annual Fund is a component of the $55 million Campaign for Albany, the University's most comprehensive fundraising effort to date. The Campaign, begun in 1990, has already realized $34.5 million, which represents more than 62 percent of its overall goal.
Vice President Christian G. Kersten: "the
participation of the entire University
family is essential."
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