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Peace quietly raising funds

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By Todd Cohen

RALEIGH, N.C. — Peace College in Raleigh has named a vice president for development and alumnae affairs who will oversee the school’s campaign to raise $30 million.

Heading the campaign, which has raised nearly $15 million in a quiet phase that began three years ago, will be Michael Magoon, associate vice chancellor for development at N.C. A&T State University in Greensboro.

Magoon, a 20-year fundraising veteran who starts his new job July 16, previously worked at Elon University in Elon, N.C., Oberlin College in Oberlin, Ohio, and St. Lawrence University in Canton, N.Y.

He will join Peace as it gears up for the second half of the campaign, which is expected to kick off its public phase by next spring, says Tom McGuire, who has served as interim vice president since September 1.

Funds raised in the campaign will be used for capital improvements and endowment to support faculty and students, and will include contributions to the school’s annual fund, says McGuire, a principal at Philanthropic Advisory Group in Raleigh, the firm that conducted the search for the new vice president.

Of the total, $16 million will be used to finance construction of a “campus commons” and renovations to Peace’s library; $3.75 million will be used for endowment for professorships and faculty development; and $3.75 million will be used for student scholarships and student aid.

The remainder will support the annual fund, which is expected to total $455,000 in the fiscal year that ends June 30, up from $450,000 last year, when the goal was $425,000.

A goal of the campaign is to increase the annual fund to $1 million, McGuire says.

Peace has not yet named a chair for the campaign, which has been headed by the school’s board of trustees and its chair, Peter Meehan, who is chairman of The Greenwood Group in Raleigh that does business as the Raleigh and Eastern North Carolina operation of Manpower.

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