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Wednesday, 21 October 2009 19:51

WCU raises $50 million for endowment

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Western Carolina University last week announced that the first comprehensive fundraising campaign in university history has netted a grand total of $51,826,915 in private giving for endowed scholarships, professorships and programmatic support.

The tally is more than $11 million above the $40 million goal announced when the campaign was publicly launched in February 2007.

“We have come further and progressed faster than we could have imagined when this campaign began,” WCU Chancellor John W. Bardo said. “Not only have we reached our goal, but we have far exceeded it. We had hoped to be able to raise $40 million by 2010, and here we are announcing more than $51 million on Oct. 15, 2009, a most historic day in the life of our university.”

Thirty-four percent of the amount raised in the campaign will go toward endowed professorships, which allow the university to attract accomplished scholars in a variety of academic disciplines. Thirty percent of the dollars raised will fund merit-based scholarships that will help WCU recruit highly qualified students, while 26 percent will be directed to current use initiatives such as the Loyalty Fund and Catamount Club, and 10 percent to programmatic endowed funds for academics, athletics and other university needs.

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