FOR IMMEDIATE RELEASE
Office of University Communications
Assistant Vice President University Communications
The Campaign for Howard Ends as the Largest and Most Successful by Any African-American Institution
WASHINGTON D.C., February 7, 2008 - With a total of $272 million, Howard University’s first-ever capital campaign ended as the largest and most successful fund-raising effort by any African-American institution. Launched in March 2002, the campaign ended on December 31, 2007, having exceeded its $250 million goal by more than $20 million.
According to President H. Patrick Swygert, the Campaign for Howard represents one of the most significant accomplishments of Strategic Framework for Action I and II (SFAI &II), the University’s 10- year blueprint for action designed and implemented during his tenure.
“One of our goals was to develop the capability for raising significant funds from private sources along with increasing the participation rate of alumni support of the University. Overall, we aimed to significantly increase the University's endowment,” Swygert says.
Now, the president notes its successes extend beyond exceeding its financial goals and includes laying a solid foundation for bigger campaigns in the future. Ultimately, he would like to see the University double its now $532 million endowment, which is more than triple the $144 million when he took office in 1995. The success of the campaign has helped propelled the University to the most creditworthy of any Washington, D.C. area institution.
Other accomplishments include significant increase each year in the number of gift transactions, from 9,100 in fiscal year 2002 to 13,150 in fiscal year 2006; an increase in the alumni database from 32,000 at the start of the campaign to 60,000 currently, an increase in the number and amount of gifts in the $1 million plus category from a projected 47 to 81.
Citing it as one of the crowning achievements of his administration, Swygert says the Campaign for Howard was conceived with the knowledge that all other aspirations for the University would ultimately prove absent without the necessary funds in place to support them. Now, its successes, both tangible and intangible, represent a solid foundation on which succeeding administrations will be able to build.