Brookhaven, GA, November 8, 2015 – The Post Reports – Oglethorpe University has exceeded the $50 million fundraising goal for its Our Time comprehensive campaign, announced publicly at its launch in 2013.
Originally envisioned to conclude in June 2017, the campaign has raised $50.2 million to benefit capital and program objectives, the Annual Fund, student scholarships, faculty teaching and scholarship, and growth in planned giving. Our Time is the largest single campaign in Oglethorpe’s history.
“The early culmination of the Our Time campaign demonstrates a broad-based commitment and effort, most notably from our alumni, Board of Trustees and friends in the foundation community,” said Oglethorpe University President Larry Schall. Oglethorpe alumni, Board of Trustees and philanthropic foundations each contributed approximately 25% of the total amount raised.
Gifts to support capital and program objectives total $22.56 million, including $16 million earmarked for the construction of the award-winning Turner Lynch Campus Center, which opened in fall 2013. In addition, Oglethorpe has constructed a scene shop adjacent to the Conant Performing Arts Center, installed a new track and field, and updated numerous classrooms with new technology.
New commitments in planned giving reached $12.5 million, $2.5 million over the original goal of $10 million, from 41 estate gift commitments.
“The unforeseen overage in planned gifts represents the bulk of future scholarships,” said Robyn Furness-Fallin, vice president for development and alumni relations. “Those inspired to remember Oglethorpe in their estate plans are impacting generations of students to come.”
In-kind gifts totaling $5.55 million include 116 pieces of artwork added to the permanent collection of the Oglethorpe University Museum of Art, as well as six new state-of-the-art laboratory classrooms at Gables Brookhaven, a residential apartment community opening on campus in late fall 2015.
The Annual Fund received more than 10,000 gifts from nearly 3,700 donors. The average Annual Fund gift from alumni increased 44%, and 27 new named endowed funds were established.
“As an alumna who cares deeply about Oglethorpe, it impresses me how the university has immediately put these gifts to use for the benefit of students and faculty,” said Campaign Co-Chair Belle Turner Lynch ’61. “The resounding success of the campaign reflects the dedication of our community—both within and beyond our granite walls—to ensuring that Oglethorpe remains a great university that transforms lives.”