"The University of Virginia will announce a $3 billion fund-raising drive in the fall. New York University is in the middle of a $2.5 billion campaign. And officials at Columbia University say they are moving ahead with plans for the largest university campaign so far, a push to raise $4 billion over seven years."Look, I realize that Columbia and NYU aren't our academic peers. But where does UGA stand next to more similar universities?
"Money is the mother's milk of academic quality, because it pays for the people, which is to say professors and students, through salaries and scholarships, and it pays for the stuff, which is to say computers and libraries and laboratories and classrooms. Everybody needs more all the time."
According to the Chronicle of Higher Education, which tracks university fund-raising, 22 universities are in drives to raise $1 billion or more."
In 2005, the National Association of College and University Business Officers (NACUBO) published its report that ranked the endowments of 746 reporting universities and colleges. (EDIT: Link to PDF temporarily removed b/c their site has crashed).
I took a look at our SEC peers, the public universities ranked near us in the US News University Rankings and other interesting regional players. The results are beyond disappointing.
8 years into Mike Adams tenure, and we're barely ahead of Furman?
Mike Adams' lack of progress as a fundraiser is staggering. Especially as it relates to our academic and regional peers. We didn't hire him for his expertise as an administrator of a large university. We hired him for his fundraising abilities.
I just don't see it.
hat tip to Ignatiusdawg from DawgChat.