By Todd Cohen
RALEIGH, N.C. — On the heels of a successful fundraising drive, N.C. State University is gearing up for a major capital campaign.
After extensive planning this year, the school’s board of trustees could make a decision on the campaign by April 2001, says Terry Wood, associate vice chancellor for development.
The campaign goal could total $600 million to $750 million, he says. A quiet phase would last two years, followed by a five-year public phase.
In April, he will become NCSU’s interim vice chancellor for development, succeeding Jeff McNeill, who has taken the top development job at the University of Alabama.
Wood says the challenge for NCSU is to “keep this momentum going.”
NSCU, which raised $230 million in its Century II Campaign that ended Oct. 31, 1993, in April will announce the completion of its Campaign for N.C. State Students.
That campaign, which began in November 1993 and initially had a goal of $40 million, has raised more than $125 million.
Wood says the focus of the Century II Campaign was corporate and did not build the school’s endowment or focus on individuals, while the Campaign for N.C. State Students did focus on endowment and fundraising from individuals.
The new campaign, he says, will “put the traditional strength of raising money from corporations together with this new-found strength in raising money from individuals, both alumni and friends.”
The capital campaign at UNC-CH has raised nearly $200 million since its quiet phase began July 1.
An official goal has not been set, but campaign leaders are talking privately about a goal that could be as much as $1.5 billion.
A national search is underway at the Kenan-Flagler Business School for a new associate dean for external affairs to succeed Wood.
The business school has raised more than $20 million toward its capital campaign goal of $150 million.