Drury University has publicly launched a $50 million capital campaign, though a quiet phase started last year already has netted nearly half the goal.
The Springfield university announced the campaign, called Fortify the Future, in a news release this morning.
"Over the last 150 years, Drury University has prepared over 40,000 graduates for leadership roles, contributing to nearly every aspect of society. We are passionate about student success in and beyond the classroom,” Drury interim President John Beuerlein said in the release. “This mission is vitally important and would not have been possible without the financial support of alumni and friends of the university."
A video shared on Drury's Facebook page breaks down the planned use of the $50 million in funding:
• $20 million toward student scholarships and academic programs.
• $18.4 million for building upgrades, with Stone Chapel, Clara Thompson Hall, Smith Hall and Weiser Gymnasium identified.
• $10 million toward the endowment for long-term financial security.
• $1.6 million for a catalyst fund to support campaign efforts.
Drury officials say the quiet phase of the Fortify the Future campaign was launched in July 2022. Since then, the university has raised nearly $24 million of the $50 million goal through donations and grants, according to the release. The goal to meet the campaign total is scheduled by May 31, 2027.
"We have set an ambitious fundraising goal, especially for student success, as our students are at the forefront of all we do," said Marie Muhvic, executive vice president for university advancement, in the release. "Last year, most Drury students received scholarships or financial aid, and we aim to continue that momentum, providing opportunities for the brightest and most deserving students with scholarships and investments in high-demand programs.”
Fortify the Future is a follow-up to the university’s Go Beyond campaign, which raised $73 million 2016-21, according to past reporting. That resulted in the $27 million C.H. “Chub” O’Reilly Enterprise Center and Breech School of Business Administration and Judy Thompson Executive Conference Center, a 67,348-square-foot facility where classes started early this year.
Also earlier this year, Drury brought in Beuerlein, a retired financial analyst and philanthropist, to lead the university after the resignation of President Tim Cloyd.
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