Just Released: GMU Raises $142 Million in Private Donations

George Mason University www.gmu.edu/ today announced the conclusion of its first comprehensive
fundraising campaign, raising a total of $142 million in private support.
The announcement was embargoed until Saturday night but since the Washington Business Journal has already posted it, so will we.
The Campaign for George Mason University, which had a goal of $110 million,
will hold a celebratation Saturday night at the university's Center for the
Arts.

Here is the rest of the school's news release:

According to Campaign Chair Sidney O. Dewberry, the funds raised are helping
to advance research and academic initiatives, expand student and community
services and fund facility improvements. During the campaign, 103 new
endowments to support students, faculty and programs were established.
Campaign funds assisted in the recruitment of Vernon Smith, now a Nobel
laureate, and his team of experimental economists to George Mason. Support
from the campaign has significantly advanced the work of the university's
Center for History and New Media.

Propelling the campaign total beyond expectations during its closing months
were several major gifts announced during the celebration. Those gifts are:
"$3 million from Donald and Nancy de Laski to fund the expansion of the
performing arts academic facilities on the Fairfax Campus. The gift brings their
total campaign support of the arts at George Mason to more than $4 million.
"$1 million from Arthur and Elizabeth Kellar to advance George Mason's Helen
A. Kellar Institute for Human disAbilities. With this gift, the Kellars' campaign
support of the institute named in memory of their daughter totals $4.2 million.

Other significant campaign support included $10.7 million in property and
funds from Edwin and Helen Lynch and their family to develop an international
retreat and conference center focused on conflict analysis and resolution.
From the Charles G. Koch Charitable Foundation, the university received
campaign contributions exceeding $16 million to support programs centered
on market-based solutions to social and economic problems. George Mason is
also the recipient of a trust valued at $5 million from an anonymous couple for
scholarship support and athletic programs.

After several years of planning, the campaign was publicly launched in 2002.
The approximately 100,000 gifts and pledges received from 45,000 donors
were either unrestricted or targeted to a particular need. Nearly half of the
donors were George Mason alumni.

"We are grateful to all of our alumni and friends who have helped establish a
new tradition of giving at George Mason," said Dewberry, who is rector of
George Mason's Board of Visitors and chairman of Dewberry, an engineering
and architectural firm based in Fairfax.

University President Alan G. Merten characterized the campaign as
an "important and exciting chapter" in the university's relatively brief history.

Looking beyond the campaign, Merten said that private support is being
sought to supplement public funding for several new building projects. Among
them is an information and technology facility at the Fairfax Campus to
enable the study of bioengineering and nanotechnology. At the Prince William
Campus, the university is partnering with the community to establish an
endowment to assist in the creation of a world-class performing arts center.

The Campaign for Mason Students has also been initiated to strengthen and
create more comprehensive scholarship packages, student programs and
library resources. In addition, private support will continue to be sought for
program and faculty assistance.

George Mason University has campuses in Fairfax, Arlington and Prince
William. Since becoming an independent university in 1972, its enrollment has
grown from 4,166 to more than 28,500 students today.

By Steve Fehr |  September 24, 2005; 6:00 PM ET  | Category:  Colleges and Universities
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