Fellow Virginia public school Radford University has raised more than 65 percent of its goal fund during the first phase of its $40 million capital campaign, which kicked off in 2000.
School officials attributed the bulk of the funds to several generous donations from private donors.
Donations include a 78-acre hospital property given by Carilion Health system, valued at $8.5 million, as well as $800,000 from the estate of the late Hazel Winesett, class of 1938.
Radford's "Building a Legacy" campaign follows on the heels of a previous effort which reaped $26.6 million, overshooting the target by $5 million.
The money is earmarked for a range of endeavors including scholarships, fellowships, wellness programs, athletics, facilities enhancements and improvements to the university's Business Technology park.
The university has been actively pursuing frequent donors likely to make major contributions during this first wave of the effort and will expand in May 2004 with an effort to reach out to a larger audience likely to make smaller gifts. It is hoped that fundraisers will meet their goal by December 2005.
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