One for the Books: Teachers College's Capital Campaign Surpasses All Expectations
When Teachers College launched its Capital Campaign in 1997, the goal of $140 million was the largest ever set by a school of education. Yet the college proceeded to not only meet but surpass its target, ultimately raising $154.6 million despite the challenges of an unforeseen recession.
When Teachers College launched its Capital Campaign in 1997, the goal
of $140 million was the largest ever set by a school of education. Yet
the college proceeded to not only meet but surpass its target,
ultimately raising $154.6 million despite the challenges of an
unforeseen recession. "I'm proud of that accomplishment and I'm
proud of the promise that we made to the TC Community six years ago,"
said Joseph Brosnan, the Vice President for Development and External
Affairs. "But I'm most proud of the fact that the dollars we
raised have gone particularly to student scholarships and faculty
professorships."The Campaign raised over $75 million-including
some of the largest gifts TC has ever received-in support of the
College's faculty and their academic initiatives, leading to the
creation of nine new chairs and professorships for educators whose
research and practice address the most pressing issues in the field
today.Another major goal of the Campaign was to increase
financial support for students who need it. To that end, the Campaign
raised over $29 million, creating 80 new scholarships and enhancing
existing scholarship funds. TC's Board of Trustees played a major role
in the Campaign's success, directly contributing $32 million. "That's
21 percent of the total," said President Arthur Levine. "What it has
allowed us to do is rebuild the infrastructure of this College."Campaign
gifts have funded renovations to several of the College's historic,
100-year old buildings. Most notably, the generous gift from Ruth and
Sandy Gottesman is transforming the library at Teachers College into a
national resource and model for libraries of the future.
Published Saturday, Apr. 2, 2005