The University's capital campaign currently is falling behind on meeting its goal of raising $3 billion by Dec. 31, 2011.
As of the end of January, the University has raised $180 million less than what was expected to be necessary. As a result, the campaign is 6 percentage points below the desired sum of 77 percent of the ultimate goal.
This figure reflects the $133.4 million that the University raised during the first seven months of the current fiscal year, according to President John T. Casteen, III's address to the Board of Visitors last Friday. Given the current economic climate, administrators feel fortunate to have received funds and may be aware of how steep the remaining climb could turn out to be.
"We feel good that we are only 6 percentage points behind in this economic crisis that has been called the worst fundraising environment in years, but the reality is that each percentage point is $30 million," Traub said.
With 22 months remaining in the campaign, however, Traub said she is confident the goal will be reached in time.
In fact, several programs and schools already have reached the goals they set for themselves, Traub said, citing the athletic department and the Education School as examples. The Health System and Law School also are on the verge of completing their individual goals, she added.
Recently, however, gifts to the Health System have slowed down considerably, said Karen Rendleman, associate vice president for Health Systems Development.
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