University of Alabama highlights successful fundraising year
The University of Alabama (UA) announced Tuesday that it had raised $202.7 million during the recently concluded fiscal year, which ended September 30.
The $202.7 million came from a record-setting 63,277 donors for the University.
“Our alumni and donors continue to steadfastly support and advance UA’s growth and impact as a national leader in higher education,” said UA President Stuart R. Bell. “We will continue to be good stewards of our resources by intentionally investing in our students and their educational opportunities at Alabama.”A press release noted, “Highlighting the successful 2018-19 fiscal year was the $30 million Hewson Hall Building Campaign benefiting the Culverhouse College of Business. Initially announced in September 2018, the campaign now has the entire $30 million committed for the project. Named in recognition of a $15 million gift from two alumni, Marillyn and James Hewson, Hewson Hall is projected to cost $60 million, with half of that funded by the University and the other half from charitable contributions.”
“When we embarked upon the Hewson Hall campaign, there was no doubt in our minds that our base of alumni and friends of the College would see the positive impact that the building will have on our ability to teach students and foster college-wide collaboration,” said Dr. Kay M. Palan, dean of UA’s Culverhouse College of Business.
Palan added, “To see that we’ve easily met our fundraising goal by the fairly accelerated deadline is clear evidence that our network sees Hewson Hall as a component critical to the future growth of the College.”
Pending approval from The University of Alabama Board of Trustees, Hewson Hall, which is set to open in August 2021, will be constructed across the street from Mary Hewell Alston Hall on the western edge of UA’s campus. According to the press release, Hewson Hall will be “configured around a three-story atrium – a light-filled, dynamic space designed to connect faculty, staff, and students. Plans for the 108,000-square-foot building include 22 classrooms, 31 team collaboration rooms and several conference rooms and other gathering spaces.”
“Thank you to everyone who contributed to the Hewson Hall Building Campaign, including the campaign cabinet, for their generosity to and enthusiasm for The University of Alabama,” said C.T. Fitzpatrick, chair of the campaign cabinet. “As a result of their efforts, we were able to complete a successful campaign in record time, which will expedite the impact this facility will have on students and faculty.”
The press release also highlighted some of the generous gifts from the Holle Family Foundation, Alabama Power Foundation and Coca-Cola Foundation, as well as the successful completion of the Blackburn Institute Legacy Endowment Campaign:
— A $10 million gift commitment from the Holle Family Foundation, of Birmingham, will establish the Holle Center for Communication Arts, an interdisciplinary center in the College of Communication and Information Sciences. The generous gift, which represents the largest commitment to-date for C&IS, honors the life of Brig. Gen. Everett Hughes Holle and his dedication to his alma mater and the profound impact he made on the field of communication.
— A $1.4 million grant from the Alabama Power Foundation established the Alabama Power Endowed Innovation and Talent Retention Fund, which will develop and sustain resources dedicated to business innovation and entrepreneurship, creating a lasting positive economic impact on the state of Alabama and its citizens.
— The Coca-Cola Foundation is continuing its support for the Coca-Cola First Generation Scholars program at UA with a new four-year grant award of $1 million. The program was first established at UA in 2006 with an initial $1 million gift. Since then, the Coca-Cola Foundation has awarded $4 million to support first generation students at Alabama.
— The Blackburn Institute Legacy Endowment Campaign was established with the goal of raising $2.1 million to double the size of the Institute’s endowment in celebration of its 25th anniversary. Thanks to the work of the volunteer committee, the campaign exceeded its goal, raising more than $2.2 million, half of which will be dedicated to the creation of a Statewide Fellows Support Fund, ensuring the financial and human resources necessary for the next phase of growth.
“Our donors have once again responded to the call for philanthropic support of the Capstone in a tremendous way. With their support, the University is positioning itself for even greater success,” said Bob Pierce, vice president for advancement.
“Hewson Hall is the crowning achievement of our fundraising year, and we look forward to that facility becoming a reality,” Pierce continued. “In addition, we have now averaged more than $200 million in new gifts and pledges the last two years, and those commitments are making an impact across campus in the form of new and enhanced scholarships, new chairs and professorships supporting our world-class faculty and new facilities to improve the student experience.”
He added, “The University is excelling in so many ways under Dr. Bell’s leadership, and we are fortunate to have him at the Capstone.”
Kyle Morris also contributes daily to Breitbart News. You can follow him on Twitter @RealKyleMorris.