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Post by mm67 on Mar 16, 2024 8:23:13 GMT -5
Is there a soon to be a statement announcing a new massive fund raising drive? Either move forward or fall behind. There is no middle ground. Resting on one's laurels is a sure formula for failure. The endowment needs a huge infusion of cash. GoCrossGo
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Post by Xmassader on Mar 16, 2024 9:55:27 GMT -5
And mm67 we anticipate that you will make the first infusion🙂
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Post by CHC8485 on Mar 16, 2024 10:49:14 GMT -5
mm67,
It's only been 3.5 years since the last campaign ended - though there is always work going on for a campaign.
But if history is prologue for the future, rest assured that no one is standing still. Here's the pattern from the last 2 presidents and capital campaigns the path Vince Rougeau has been following
1. Create Strategic Plan 2. Develop Campus Master Plan 3. Begin "quiet" phase of a 7 year Capital campaign 4. Announce capital campaign when roughly half the campaign goal is raised - which typically with about 4 years left in the campaign.
1 & 2 have occurred. We have seen a couple of large gifts announced already - so it's a pretty good bet we're at step 3 currently.
Expect step 4 in about 2 years, so plenty of time for you to get in on naming opportunities during the quiet phase.
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Post by Pakachoag Phreek on Mar 16, 2024 13:49:36 GMT -5
mm67, It's only been 3.5 years since the last campaign ended - though there is always work going on for a campaign. But if history is prologue for the future, rest assured that no one is standing still. Here's the pattern from the last 2 presidents and capital campaigns the path Vince Rougeau has been following 1. Create Strategic Plan 2. Develop Campus Master Plan 3. Begin "quiet" phase of a 7 year Capital campaign 4. Announce capital campaign when roughly half the campaign goal is raised - which typically with about 4 years left in the campaign. 1 & 2 have occurred. We have seen a couple of large gifts announced already - so it's a pretty good bet we're at step 3 currently. Expect step 4 in about 2 years, so plenty of time for you to get in on naming opportunities during the quiet phase. The VP for Advancement on a recent webinar indicated it will be sooner than two years. I read him as hinting at an announcement later this year.. The timing is being dictated by the goal of raising $500 million, just for the endowment, by 2033. So the campaign goal will be $500 million PLUS. (I capitalized PLUS because the PLUS will not be a small number, given the capital facility needs outlined in the campus master plan, and separately in the athletics strategic plan.) And I am heartened by mm67's stepping up to the plate early. BC started a new capital campaign last fall, for $3.2 billion if memory serves. And with only about a third of that amount raised during the quiet phase. And no campaign emphasis on intercollegiate athletics. There is one on intramurals and the like.
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Post by mm67 on Mar 16, 2024 15:43:22 GMT -5
At my age every day is a gift. I know a bit about mini estate planning. I so much want to see HC in a far better place not merely with my mini contribution but with the large number of HC lovers across America. Fitton field, 1980's, HC football kicking butt. I shouted to all within earshot, football is great and HC endowment must reach $1billion before I move on. People laughed, thought I was ridiculous, a jerk. Well maybe that is so but I have lived to see $1 billion +. Hey, why not shoot for a $2billion+ endowment during my lifetime. My greatest pride about HC rests in its integrity.Look at the alums on this board. Wow! Think big. The sky is the limit! $2billion + or bust during my time. Love HC.
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Post by rgs318 on Mar 16, 2024 17:11:36 GMT -5
mm67, I like your spirit, think big or go home!
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xhaav
Sophomore
Posts: 27
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Post by xhaav on Mar 18, 2024 0:18:21 GMT -5
At my age every day is a gift. I know a bit about mini estate planning. I so much want to see HC in a far better place not merely with my mini contribution but with the large number of HC lovers across America. Fitton field, 1980's, HC football kicking butt. I shouted to all within earshot, football is great and HC endowment must reach $1billion before I move on. People laughed, thought I was ridiculous, a jerk. Well maybe that is so but I have lived to see $1 billion +. Hey, why not shoot for a $2billion+ endowment during my lifetime. My greatest pride about HC rests in its integrity.Look at the alums on this board. Wow! Think big. The sky is the limit! $2billion + or bust during my time. Love HC. MM67, I share your passion for this issue and I am right there with you for the $2B goal! Frankly, anything less will be treading water vis-a-vis HC’s competitive set, especially for the aspirational end of that set. HC’s physical plant needs and goals are great, financial needs are great and will be greater if we seek the best of the best students - those students follow generous aid packages. But HC’s time to reassert its competitive strength across the board is here. There was once a time when HC was considered superior to Georgetown, nevermind BC, as well as many in its LAC set. The stars are aligned - President Rougeau and the strong team he has put in place are up to the task, and so are all those who support the College as passionately as we do. It is time to meet - and SURPASS - expectations. AMDG - GO CROSS.
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