{"id":579,"date":"2008-04-18T09:40:31","date_gmt":"2008-04-18T14:40:31","guid":{"rendered":"http:\/\/www.utc.edu\/Administration\/UniversityRelations\/news\/2008\/04\/18\/ut-announces-1-billion-campaign-now-70-percent-to-goal\/"},"modified":"2008-04-18T09:40:31","modified_gmt":"2008-04-18T14:40:31","slug":"ut-announces-1-billion-campaign-now-70-percent-to-goal","status":"publish","type":"post","link":"https:\/\/blogarchive.utc.edu\/news\/2008\/04\/ut-announces-1-billion-campaign-now-70-percent-to-goal\/","title":{"rendered":"UT Announces $1 Billion Campaign; Now 70 Percent to Goal"},"content":{"rendered":"

KNOXVILLE \u2013 The University of Tennessee today officially launched its ambitious $1 billion fundraising campaign to enhance programs of excellence at all of the university’s campuses and institutes.<\/p>\n

The Campaign for Tennessee — the most ambitious effort in the university\u2019s 214-year history — places UT among the ranks of the nation\u2019s largest public and private institutions that have sought this level of private support.<\/p>\n

Accompanied by Board of Trustees Vice Chair Andrea Loughry, UT President John Petersen announced that $704,007,696 has been raised at a gathering of campaign volunteers held at Pratt Pavilion.<\/p>\n

“This is a historic day for the University of Tennessee and a time to celebrate the university\u2019s successes. We extend our thanks to the many volunteers and supporters who\u2019ve helped us achieve this unprecedented amount,\u201d said Petersen. \u201cWe also look forward to a continued momentum to further engage alumni and friends in achieving the university\u2019s goals.\u201d<\/p>\n

The campaign seeks support for initiatives that impact student access and success, research, economic development, outreach and goals for globalization.<\/p>\n

Jim Haslam, along with his wife, Natalie, and Brenda Lawson of Chattanooga serve as co-chairs of the Campaign for Tennessee.<\/p>\n

\u201cWe have the distinct honor to be part of a powerful effort that will have an enormous impact on the state and its residents for many years to come,\u201d said Jim Haslam, founder of Pilot Oil Corp. \u201cEach day we have been reminded that the University of Tennessee family is a large one that extends all over the world. We have especially enjoyed meeting with supporters and learning more about the enduring connection that compels them to invest in the university\u2019s future.\u201d<\/p>\n

Funds are raised through outright gifts and pledges, planned gifts and private grants for research.<\/p>\n

Approximately 80 percent of the money raised to this point is from individuals and families, with 12 percent from corporations and 8 percent from foundations. The more than $700 million total involves gifts and pledges received from about 88,000 donors.<\/p>\n

“Partnerships are the key to every strategic effort. Funds raised will enhance and supplement, but in no way supplant support from the state of Tennessee,\u201d said Petersen. \u201cIncreasing private support, however, clearly demonstrates how much UT is valued by our citizens. That kind of success will encourage increased investment from all sources.\u201d<\/p>\n

Campaign priorities include endowed scholarships and professorships, chairs of excellence, building enhancements and other innovative faculty and student programs.<\/p>\n

Traditionally — and in the case of the university’s $1 billion endowment — more than 98 percent of all gifts are restricted, meaning they are to be used for a specific scholarship, program or objective relating to the donor\u2019s interest. Therefore, private dollars rarely are designated to cover the university’s operational costs, which rely on state support and tuition.<\/p>\n

\u201cIn light of the increasing costs of a college education, scholarship gifts provide greater access for qualified students to attend UT. Gifts for faculty support enable the campuses and units to recruit and retain the very best faculty to offer the highest quality of education and student experience,\u201d said Loughry.<\/p>\n

Loughry noted that significant leadership gifts have enabled the campaign\u2019s impressive progress, but stressed the need to engage many alumni and friends in the effort.<\/p>\n

\u201cAlong with a wonderful way to connect to the university in an exciting initiative that will have a transformational impact, this opportunity drives home the point that support comes in many forms and that every gift counts and contributes to the long-term success of the university,\u201d said Loughry.<\/p>\n

Funds raised from the campaign also have gone to support the Min Kao Electrical Engineering and Computer Science building, now under construction, and the soon-to-open Howard H. Baker Jr. Center for Public Policy — both on the Knoxville campus; the Brenda Lawson Student-Athlete Success Center at UT Chattanooga; and a large addition to the College of Veterinary Medicine’s small animal hospital recently named the John and Ann Tickle Small Animal Hospital. UT sports fans are already enjoying the Sherri Parker Lee Softball Stadium, the Regal Soccer Complex, the new Pratt Pavilion and the renovation to the historic Neyland Stadium — all funded solely from private dollars.<\/p>\n

Public-private partnerships also will make possible a new state-of-the-art music building in Knoxville and the UT Martin Parsons Center in Decatur County.<\/p>\n

Current, former and retired employees have contributed more than $48.7 million through the Family Campaign that was held in 2007. The effort involved gifts and pledges from more than 11,000 people. Employee giving has increased with participation rates of between 26 percent and 54 percent at UT\u2019s campuses and units.<\/p>\n

The announcement was followed by a celebration held at Thompson Boling Assembly Center and Arena involved 800 invited guests and more than 400 students, faculty and staff. Representing campuses and institutes from across the state, the student programs were spotlighted throughout the evening.<\/p>\n

For more information about the Campaign for Tennessee, please visit http:\/\/development.tennessee.edu\/campaign\/<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

KNOXVILLE \u2013 The University of Tennessee today officially launched its ambitious $1 billion fundraising campaign to enhance programs of excellence at all of the university’s campuses and institutes. The Campaign for Tennessee — the most ambitious effort in the university\u2019s 214-year history — places UT among the ranks of the nation\u2019s largest public and private… <\/p>\n

Continue Reading <\/span><\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","_ef_editorial_meta_date_first-draft-date":"","_ef_editorial_meta_paragraph_assignment":"","_ef_editorial_meta_checkbox_needs-photo":"","_ef_editorial_meta_number_word-count":"","_ef_editorial_meta_checkbox_slider":"","_ef_editorial_meta_checkbox_featurette":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[64],"tags":[],"class_list":{"0":"post-579","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-news","7":"entry"},"yoast_head":"\nUT Announces $1 Billion Campaign; Now 70 Percent to Goal | UTC News Archive: Jul 2007 - Oct 2025<\/title>\n<meta name=\"description\" content=\"KNOXVILLE \u2013 The University of Tennessee today officially launched its ambitious $1 billion fundraising campaign to enhance programs of excellence at all\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UT Announces $1 Billion Campaign; 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