20, No. 7, Oct. 5, 2000
Campaign Illinois reaches $1.454
billion with active endowment at $950.5 million
Before nearly 650
members of the UI Foundation and its Presidents Council Sept. 22, UI
President James J. Stukel announced that the $1 billion Campaign Illinois
fund drive had surpassed its goal by nearly $455 million as of Aug.
Stukel said the extended goal of the campaign to raise the combined
university and foundation active endowment to $1 billion alone now stood
at $950.5 million.
The campaign total Aug. 31 was $1,454,819,282 with more than $1.045
billion of gifts already paid.
The active endowment funds already invested and earning income
for donor-designated UI programs totaled $950,472,515 as of Aug.
"The great success of Campaign Illinois is a testament to the deep
and abiding importance the University of Illinois holds for so many
alumni, friends and corporate and foundation sponsors," said Stukel,
an alumnus of the Urbana-Champaign campus. "To all who have honored
us with a gift, we say Thank you and pledge to be wise stewards.
"One of the happiest outcomes of Campaign Illinois is that the
foundation and the university, working together, have enlarged the total
endowment four-fold. Endowment the gift that keeps on giving
guarantees that in the future our students will have merit scholarships
and fellowships, our faculty will have chairs and professorships to
support their critical work in the classrooms and labs of our three
campuses, our libraries will be up-to-date and our many academic programs
will be both comprehensive and of the highest quality. Though Campaign
Illinois will end in a few months, we will make every effort to expand
the endowment even more in the coming years."