Santa Clara University Announces $350 Million Campaign
Oct. 7, 2002
SANTA CLARA, Calif. - Santa Clara University today announced the largest fund-raising campaign in the 152-year-old university's history, to raise $350 million by 2006, for scholarships, faculty, technology, and new buildings including a new library and business school, in addition to athletics facilities.
In announcing the campaign at a Saturday evening dinner party for approximately 500 alumni and friends, President Paul Locatelli, S.J, invited his audience to help the University "move to a new level of academic quality and influence in the world."
"Ten years from now, because of our high aspirations and this campaign, Santa Clara University will be known around the world for educating moral, responsible global citizens - leaders who will change the world by finding better ways to overcome ignorance and prejudice, to alleviate poverty and hunger, and to end divisions that are caused by religion, national origins, or languages," he said.
University officials said initial fundraising efforts for the campaign had already raised more than $150 million. The University's previous fund drive, the "Santa Clara Challenge" in 1990-96, raised $134 million.
Master of ceremonies for the Oct. 5 fundraising event in the gardens of Santa Clara Mission de Asis was Leon Panetta, director of the Panetta Institute for Public Policy and former White House chief of staff who received his bachelor's and law degrees from Santa Clara University. Panetta also teaches a political science course each fall quarter, and is a member of the University Board of Trustees.
"This campaign represents an opportunity to invest in a Jesuit education that will shape future generations of leaders," said Edward L. Panelli, former associate justice of the California Supreme Court, SCU alumnus and chair of the Board of Trustees. "It also shows our confidence in the generosity of Santa Clara alumni and in the economic future of Silicon Valley."
Since the start of the "quiet phase" of the campaign less than three years ago, Santa Clara University has announced a $15 million gift from Donald L. Lucas to help build a new building for the Leavey School of Business, a $20 million gift from Lorry I. Lokey for scholarships and a new University library, a $15 million gift from the Leavey Foundation to rebuild the Leavey Center athletic facility, and a $12 million gift from the Jesuit Community of Santa Clara for scholarships and community education.
Highlights of the new campaign are:
Santa Clara University's endowment on June 30, 2002, was $407 million. Two-thirds of the University's 4,500 undergraduate students receive some form of financial aid. Approximately 3,400 students are enrolled in graduate programs. More than 30,000 of the University's 65,000 alumni live in the Bay Area.