At a press conference held yesterday on the Mary Baldwin campus in Staunton, VA, top Mary Baldwin volunteers announced they have raised $47,609,334 toward a goal of $50 million for their Leadership Initiative Campaign. This is Mary Baldwin’s most ambitious fund-raising effort ever, and the largest campaign ever announced by a women’s college* in Virginia. The campaign will run through 2001.
The Leadership Initiative will bring $32 million in cash and current gifts and $18 million in bequests and other expectancies. Of the $32 million in current funds, there will be $16 million in endowment, $6 million for capital projects and $10 million for college operations.
Making the announcement were Board of Trustees Chair Claire “Yum” Lewis Arnold, Mary Baldwin ’69, of Atlanta, Georgia; and Leadership Initiative Chair Charlotte Jackson Berry, Mary Baldwin ’51, of Columbia, South Carolina, also a member of the Board of Trustees.
“We originally scheduled our public announcement for April of 2000,” Mrs. Arnold noted. “But we have gotten such a positive response from Mary Baldwin’s friends that we are ahead of schedule in meeting our goal. We decided it was time to share the good news.”
The Leadership Initiative Campaign started out with one extraordinary gift of $5 million from an anonymous alumna, matched by a second $5 million from the same donor and an additional $10 million from other sources. This mini-campaign spurred by that first anonymous gift then grew into a much more ambitious effort as it become clear that there were many individuals and foundations willing to support Mary Baldwin.
The Leadership Initiative Campaign has already provided tangible improvements in facilities and programs at Mary Baldwin University:
- Mary Baldwin’s historic Administration building, rededicated in 1998, has been modernized, structurally rehabilitated and beautifully renovated;
- Pearce Science Center’s building systems have been upgraded, and new scientific equipment is being purchased and installed;
- The Martha Stackhouse Grafton Library is undergoing its first interior renovation since it was built, including many technological improvements such as wiring the study carrels for Internet access;
- A state-of-the-art language laboratory and new computer labs for graphic design, theater design, and music have been developed;
- The establishment of the Cynthia Haldenby Tyson Endowment for Leadership Development (see separate release); and
- A $3 million endowment supporting the Carpenter Healthcare Administration Program has been established, making it the only undergraduate program of its type to be endowed at this level.
- Bequests and other planned gifts will also support the college in a variety of ways:
- Endowed professorships in English and Business;
- Almost $1.5 million in endowment for scholarships;
- Unrestricted endowment and operating funds.
*Mary Baldwin University is a multi-faceted liberal arts college with three residential programs for women–the traditional program, the Program for the Exceptionally Gifted, and the Virginia Women’s Institute for Leadership–as well as the coeducational, non-residential Baldwin Online and Adult Programs and Master of Arts in Teaching program. Mary Baldwin offers the B.A. and/or the B.S. in 32 majors as well as the M.A.T. degree with K-8 emphasis. The oldest women’s college affiliated with the Presbyterian Church U.S.A., Mary Baldwin was also the first women’s college to be granted a circle of the national leadership honor society Omicron Delta Kappa. The college is also home to a chapter of the prestigious Phi Beta Kappa honor society.