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University of Maryland Business School
Announces $90M Capital Campaign
College Park, Md. October 22,
2007 The University of Marylands
Robert H. Smith School of Business has
announced the launch of a seven-year
campaign to raise $90 million in private
support. The funding will support
student scholarships, faculty
recruitment and retention, facilities
and innovation. The campaign is part of
the universitys Great Expectations,
the Campaign for Maryland drive to
raise $1 billion the largest of any
public institution in the state of
Maryland and the Washington, D.C. region
announced last October. So far, the
Smith School is more than halfway to its
2012 goal, with more than $47.5 million
raised.
This campaign will support the Smith
Schools rise from excellence to
greatness. We are focused on the present
and future we will become one of the
worlds greatest business schools, said
Howard Frank, dean of the Robert H.
Smith School of Business. We already
have some of the worlds finest
students, faculty, facilities and staff.
We need the support from this campaign
to strengthen what weve built and
propel us further toward our goal.
The Smith School formally kicked off
the campaign at a celebration on Oct. 19
before nearly 150 alumni and school
supporters, completing a two-year silent
phase fundraising period. Speakers at
the event, which was held as part of
Marylands annual Homecoming/Reunion
weekend, included Dean Frank; University
of Maryland President C.D. Mote Jr.;
Smith School benefactor and alumnus
Robert H. Smith; and Terps mens
basketball coach Gary Williams, co-chair
of the universitys scholarship campaign
and alumnus of the business school. The
Smith Schools campaign co-chairs
alumni Milton Matthews, former vice
president of the Hershey Co.; Robert
Johnson, regional president, northeast
region for Sprint Nextel; and Richard
Schaeffer, chairman of NYMEX Holdings
Inc. and the New York Mercantile
Exchange announced the campaign total
to date and encouraged continued giving.
The University of Maryland has a
long tradition of investing in our
students intellectually and
financially, said Williams. The Great
Expectations campaign is a promise that
the university, and the Smith School,
will continue that investment.
To continue its rise to the top, the
Smith School seeks to raise:
- $40 million for advanced
facilities
- $30 million for student
scholarships
- $15 million to attract and
retain world-class faculty
- $5 million to continue to
support innovation
In the past decade, the Smith School
has advanced from a regional business
program to one of international
prominence. Physically, the school has
more than doubled in size, with more
than 100,000-square-feet added in 2002
and the latest nearly 40,000-square-foot
addition to open in spring 2008. Much of
the Smith Schools growth in the past 10
years has been funded privately through
revenues from graduate-level and
executive education courses and through
the financial support of donors. About
10 percent of the schools operating
funds come from the state of Maryland.
More information about the Smith
Schools campaign is available at
www.rhsmith.umd.edu/give.
About the University of Marylands
Robert H. Smith School of Business
The Robert H. Smith School of
Business is an internationally
recognized leader in management
education and research. One of 14
colleges and schools at the University
of Maryland, College Park, the Smith
School offers undergraduate, full-time
and part-time MBA, executive MBA,
executive MS, PhD and executive
education programs, as well as outreach
services to the corporate community. The
school offers its degree, custom and
certification programs in learning
locations on three continents North
America, Europe and Asia.
Click below to watch speeches given at
the event (50 to 80 MB QT,
get the latest player here )
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