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URI's Making a Difference Campaign Officially Closes With $128 Million Raised

KINGSTON, RI - (February 11, 2011) -URI Foundation President Glen R. Kerkian has released the University’s official campaign results, following the December 31, 2010 close of the Making a Difference capital campaign. A total of $128 million was raised for a variety of purposes at the state’s flagship land grant institution, including scholarships and facility construction and improvements, according to Kerkian.

“The dedication of URI alumni and friends and the extent to which they are willing to support this fine University is remarkable. The impact of this $128 million infusion of charitable donations is already being seen and will continue to produce tangible and significant results that will help increase URI’s overall competitiveness,” says Kerkian.

The University kicked-off the campaign’s silent phase in July 2004 and announced its public launch in October of 2007, setting a goal of raising $100 million to boost the University’s endowment, make bricks and mortar improvements, and support the annual fund, athletics and other programs impacting the overall academic experience at URI.

According to Kerkian, when the books were closed and the final numbers were tallied recently, the campaign had ended a full twenty-eight percent above goal. He adds that the $100 million campaign goal had been achieved a full fifteen months earlier, in October of 2009, due to the remarkable generosity of URI alumni and friends. He released additional campaign figures including:

• Overall, $128M was raised in cash and pledges. A proportionately high ratio of that figure, $104.7M was received as cash, with $7.3M in outstanding pledges and $16.3M in planned gift commitments.
• Over 32,700 alumni and friends from Rhode Island and across the country contributed gifts, with over 13,000 individuals, or 40%, making first-time gifts during the campaign.
• Overall dollars raised for purposes other than endowments surpassed $49M with endowment-related gifts coming in at over $31M.
• Additional gifts were received or designated for athletic programs (nearly $10M), building construction and enhancements ($9.5M) and annual giving (nearly $9M).

Kerkian praised the alumni members of the Campaign Leadership Committee for their commitment and volunteer efforts relative to the campaign. Led by CVS CEO, president and chairman Thomas Ryan ‘75, the members were instrumental, particularly early on, in identifying and defining campaign objectives and in serving as ambassadors of the University in its fundraising efforts. Kerkian also credited the University’s Division of Advancement for its work early on in the campaign up to the public phase launch in October 2007. All University fundraising and development activities, including the administration of the capital campaign, were transferred over to the Foundation just weeks after the public launch.

“We, as a University, are only as strong as the affinity of our alumni and friends and our success during this historic campaign is further proof that URI holds a special place in the hearts of so many. We are very appreciative of the support of each and every one of the 32,711 donors whose gifts are having an impact across the entire University community,” says Kerkian.

For more information, including a complete campaign-close report, please click here.


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For information on this or any news item, contact Tracey Manni in Development Communications, at 401.874.2145 or tmanni@foundation.uri.edu.