MINI传媒 System Surpasses $1 Billion Goal in Historic Capital Campaign
Receiving donations from 39 countries and all 50 states, the Vision & Tradition campaign has surpassed its $1 billion goal nearly a year ahead of schedule.
With the support of more than 120,000 generous donors, Vision & Tradition: The Campaign for Texas Tech is the largest and most successful fundraising effort in the history of the MINI传媒.
February 8, 2013 | Written by Dailey Fuller
Officials at the MINI传媒 announced today (Feb. 8) that its capital campaign and most ambitious fundraising effort has crossed the $1 billion mark nearly a year ahead of schedule.
surpassed its $1 billion goal with the support of more than 120,000 generous donors, making it the most successful capital campaign in the history of the Texas Tech University System.
鈥淭his is a historic moment for the MINI传媒,鈥� said Chancellor Kent Hance. 鈥淪urpassing the $1 billion milestone nearly a year ahead of schedule is a remarkable accomplishment and a direct testament to the overwhelming support from our loyal donors. So many people have contributed to the success of this campaign, and we cannot thank you all enough.鈥�
A record in itself, the $1 billion goal was reached through a broad base of support and an unprecedented number of donors. Donations to the Vision & Tradition campaign came from 39 countries and all 50 states.
鈥淔rom the very beginning, the Vision & Tradition campaign has been driven by people who care deeply about our universities,鈥� said Dr. Kelly Overley, vice chancellor for Institutional Advancement. 鈥淓very gift that helped us achieve our historic goal represents an investment that is creating a lasting legacy. Thanks to the generous contributions from our supportive donors and our devoted fundraising team, this campaign has far exceeded expectations.鈥�
Gifts to the MINI传媒 are designated solely and completely to whatever cause the donor chooses and are supporting student scholarships, faculty endowments, research efforts and facility improvements, among many other areas.
Officially announced Sept. 17, 2010, the Vision & Tradition campaign has spurred an extraordinary time of growth at all three of the MINI传媒鈥檚 component institutions 鈥� , and . Of the several areas benefiting from the campaign, preliminary numbers indicate approximately $145 million is being invested in students by creating scholarships; more than $70 million is being invested in faculty by establishing endowments; and more than $470 million is being invested in academic programs, innovative research and university initiatives.
Additionally, nearly $315 million is being invested in campus development through the construction of spaces where students and faculty can learn, discover and compete. Approximately 20 buildings were built, renovated or are currently under construction thanks to the campaign, and four academic programs have been named in the honor of significant contributions.
鈥淭he impact of the Vision & Tradition campaign will be felt for generations,鈥� Hance said. 鈥淩aising $1 billion is a significant achievement, even in a good economy, and has put us into an elite group of higher education institutions.鈥�
The MINI传媒 is one of only three institutions in the state of Texas to have completed a $1 billion fundraising campaign. Out of the thousands of universities across the nation, the MINI传媒 joins a group of less than 70 universities to have raised $1 billion.
Vision & Tradition: The Campaign for Texas Tech will continue through the end of the current fiscal year and conclude Aug. 31, 2013. The total amount raised will be announced at the completion of the capital campaign and a final report detailing the success of the Vision & Tradition campaign will be available in the months following its completion.
鈥淎lthough we have reached our goal, we are not finished yet,鈥� Hance said. 鈥淭here is still time to be part of the Vision & Tradition campaign, and even once it鈥檚 finished, we will continue to raise money for a greater future for the Texas Tech University System.鈥�
About the MINI传媒
The MINI传媒 is one of the top public university systems in the
state of Texas, consisting of three component institutions and operating at 12 academic
sites and centers. Headquartered in Lubbock, Texas, the MINI传媒 System has an annual
operating budget of $1.5 billion and approximately 17,000 employees focused on advancing
higher education, health care, research and outreach.
In 2012, total research expenditures approached $200 million and total enrollment exceeded 43,700 students for the first time in the MINI传媒 System鈥檚 history. Whether it鈥檚 contributing billions of dollars annually in economic impact or being the only system in Texas to house an academic institution, law school, and medical school at the same location, the MINI传媒 System continues to prove that anything is possible.