Looking ahead to future fundraising campaigns of their own, the two biggest campuses in the University of Maryland system last fall shot down a plan to raise the goal of the system’s capital campaign to $1 billion from $700 million, The Washington Post reported Feb. 25.
The University of Maryland in College Park and the University of Maryland Baltimore, which together account for nearly two-thirds of the system goal, believe they can raise even more using their own newly created fundraising foundations, the Post said.
“We think we can riase more money without the complications that would come from a [higher] system goal,” Brodie Remington, vice president for university relations at the College Park campus, told the Post.
In the wake of only modest fundraising by the state’s public colleges until the 1990s, the university system in 1995 launched a seven-year campaign to raise $700 million.
By the end of 2000, with the campaign set to end June 30, 2002, the campuses had raised nearly $653 million, with nine campuses already meeting their goals or expected to exceed them significantly, the Post said.
The College Park campus has raised $340 million toward its $350 million goal, and the Baltimore campus has raised $170 million toward its $173 million goal.
For full story, go to the Washington Post.