School within $10M of $70M goal; new $70M drive in works.
By Todd Cohen
BUIES CREEK, N.C. [04.14.04] — As it heads into the final year of a five-year campaign to raise $70 million, Campbell University in Buies Creek has pulled to within roughly $10 million of its goal, and plans to launch another $70 million campaign.
“We will achieve this goal of $70 million by May 31, 2005,” says Jack Britt, vice president for institutional advancement.
The new campaign will begin at the close of the current campaign, which the school kicked off in 2000 at the close of a campaign that raised $111 million, exceeding its initial goal by $41 million.
“It’s ongoing,” says Britt, who joined Campbell in 1989 as director of corporate and foundation relations after serving as superintendent of the Cumberland County public schools. “You never complete it. There’s always another priority, another capital project, more endowment that the university needs.”
The biggest sources of support for the current campaign, which is raising money for endowment, scholarships, capital projects and retirement of debt, have been the school’s 48-member board of trustees and 175-member presidential board of advisors.
The campaign, with Fayetteville real-estate appraiser Thomas J. Keith serving as national chair, also has targeted 30,000 alumni for whom the school has addresses, and received support from more than half of its 700 employees, and from foundations and corporations.
Campbell, founded in 1887, is the second-largest Baptist university after Baylor, with 10,000 students, including 3,500 graduate and undergraduate students at its main campus, and campuses at Fort Bragg, Pope Air Force Base, Camp Lejeune and in Raleigh and Kuala Lumpur, Malaysia.
The campaign has added $11 million to Campbell’s endowment, which now totals about $100 million.
The school’s annual fund, which is included in the campaign, has grown to $14 million from $8 million 15 years ago.
Needs that the next campaign will address include additional funds for endowment and scholarships and a 100,000-square foot convocation center for sports and recreation, plus a university chapel, student apartments, expansion of the pharmacy school and, possibly, a bell tower, Britt says.
The campaign’s seven North Carolina co-chairs are Jesse C. Alphin Sr., owner, Alphin Brothers meatpacking, Dunn; Joseph C. Hall Jr., retired chief financial officer, Food Lion, Salisbury; tobacco entrepreneur Thomas M. Lewis, Fairmont; Jim Nisbett, retired owner and chairman, Carolina Controls, Charlotte; Leon Rumley, managing and s senior partner, D.E. Gatewood accounting firm, Winston-Salem; Fred Taylor, president, Troy Lumber Co., Troy; and Billy T. Woodard, chairman, Fidelity Bank, Fuquay-Varina.