A University can raise $1 Billion in a year, but the Alzheimer’s Association can only raise hundreds of millions!!! Do we really need to have our universities/colleges raising billions on capital campaigns? (granted, some of this may go to a research facility or equipment, etc.) Wouldn’t this money be better served trying to find a cure for a disease that will cost this nation more than a trillion dollars a year for care by 2050?
Are you are donating large sums of money to the University/College that you graduated from? If so, please consider shifting some of your donations to a cause that can make a difference in the lives of millions and end a horrible disease.
Sanford’s capital campaign raised $1 Billion dollars in the last year. Our Presidential candidates raised Billions during the 2012 Presidential election. The Alzheimer’s Association raised hundreds of millions. Research funding from the National Institutes of Health (NIH) are currently funded around $600 million.
We need to go out and hire the best and brightest fundraisers to raise money for the Alzheimer’s Association. (Let’s look at political fundraisers and school fundraisers – They seem to know how to raise a lot of money)
ALZ Association Financials:
Key points from the original article from the NY Times:
Last year, the university, near Palo Alto, said its five-year capital campaign, which ended in December 2011, had taken in a record-setting $6.23 billion, far exceeding its original goal of $4.3 billion, and surpassing by more than $2 billion any other single higher-education campaign.
The report, released Wednesday, found that colleges and universities in the United States raised $31 billion last year, or 2.3 percent more than in 2011, slightly ahead of the inflation rate. That is still slightly less than the $31.6 billion record, set in 2008, before the financial crisis cut deeply into charitable giving.
After Stanford, the fund-raising sums drop: Harvard raised $650 million; Yale, $544 million; the University of Southern California, $492 million; and Columbia, $490 million.
Together, the top 10 universities raised $5.3 billion of the $31 billion total.
Among public universities, the University of California, Berkeley, was the leading fund-raiser, bringing in $405 million.
The $1.035 billion in gifts to Stanford last year comes to about $56,000 for each of its 18,500 students.
Correction to their original story:
An earlier version of this article misstated the location of Stanford University. It is in Stanford, Calif., not Palo Alto. The article also misstated the date of when their five-year capital campaign ended. It was in December 2011, not Dec. 31, 2012. Also, the announcement was made last year, not earlier this month. The article also misstated the total amount of funds raised by Columbia. It was $490 million, not $400 million.
Definition of a capital campaign:
Definition: A capital campaign is a time-limited effort by a nonprofit organization to raise significant dollars for a specific project.
Often the money raised is to fund the acquisition, construction, or renovation of a building. Sometimes, capital campaigns are used to build an endowment for the future. In other cases, capital campaigns fund an extraordinary expenditure such as an expensive piece of equipment.
Capital campaigns have a beginning and an end, but often span several years. A capital campaign employs all the usual means of raising funds such as direct mail and direct solicitation. Capital campaigns require extraordinary preparation and skillful execution.