November 8, 2004
UCSC launches $50 million Cornerstone Campaign
By Elizabeth Irwin
Building on its record fundraising success in 2003-04, UCSC
has announced its first-ever campuswide fundraising initiative,
the two-year, $50 million Cornerstone
A $50 million campuswide fundraising
campaign, the first effort of its kind in the history of UCSC, was announced
at the second annual Scholarships Benefit Dinner,
held at University Center on Saturday, November 6.
Fundraising is already well under way, with $45 million raised.
University Relations Vice Chancellor Ronald P. Suduiko and
Foundation trustee and campaign chair Gordon Ringold made the
announcement on November 6 before a crowd of more than 300 guests
at the Scholarships Benefit Dinner.
It is named the Cornerstone Campaign to suggest its role in
building a solid base for ongoing fundraising success, they
We set what seemed like an extremely ambitious goal when
we commenced the silent phase of this campaign a little more
than a year ago, stated Ringold, a UC Santa Cruz alumnus
and chairman and CEO of Surromed, a pharmaceutical and biomedical
technology company. We challenged ourselves with a goal
of raising $50 million over a two-year period, and, thanks to
several exceptional examples of philanthropy, I am delighted
to announce that we have already received $45 million. This
accomplishment is a wonderful tribute to the extraordinary achievements
of UCSCs faculty in teaching and research.
The campaign is a joint endeavor led by the campuss University
Relations division in partnership with faculty, campus leaders,
the UC Santa Cruz Foundation, and the UCSC Alumni Association.
A special focus of the campaign is underscored by its theme,
Support students. Transform lives.
We have an unprecedented opportunity to succeed in the
Cornerstone Campaign, with students as special beneficiaries
of the effort, noted Suduiko, who last year led the campus
effort to raise a record-breaking $32.2 million, which is included
in the campaign totals reached to date. Within the overall $50
million goal, the campaign is seeking to raise $5 million for
student support, including scholarships, fellowships, and research
grants. Were going to reach our goal and
power right past it, Suduiko said.
A total of $2.4 million has already been raised toward that
$5 million goal, including funds from the two successful Scholarships
Benefit Dinners held in 2003 and 2004.
Among large gifts contributing to the total received to date
is a $17.5 million award from the Gordon and Betty Moore Foundation
to support researchers affiliated with UCO/Lick Observatory,
who are developing what will be the worlds largest telescope.
Other especially notable gifts include $6.5 million from Texas
Instruments and $1 million to establish the Kumar Malavalli
Endowed Chair in Storage Systems Research at UCSC's Baskin School
of Engineering. The latter gift was announced at the dedication
of the new engineering building on November 5.
Other gifts include $5.2 million from the Gordon and Betty
Moore Foundation for Ocean Sciences research, led by Professor
Jonathan Zehr, and a $500,000 gift from Miller Outcalt to support
the photography collection and special collections in the UCSC
Library. Student support includes $200,000 from Professor Emerita
Jean H. Langenheim for the Endowed Graduate Fellowship in Physical
and Biological Sciences; an anonymous $200,000 to support graduate
fellowships for the STEPS Institute; and $25,000 from Craig
Schiffer for the History of Consciousness Fellowship Endowment.
This phase of the Cornerstone Campaign coincides with a year
of celebration for the campuss 40th anniversary, which
is being marked from fall 2004 through fall 2005. More information
about the campaign is posted on the UCSC web site, giveto.ucsc.edu/.
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