Haverford College Announces $200 Million Campaign
A key objective of the campaign is to increase by $120 million the College's current $330 million endowment. The Board also approved $60 million of the goal to be allocated for new facilities and an additional $20 million for current operations.
"Haverford College is significant, not just to those of us immediately connected to the College, but to society as a whole," says Haverford president Thomas R. Tritton. "It's significant because the students who graduate from here are not only highly educated, they are also articulate citizens, adept problem-solvers, and serious thinkers. In short, they are committed to leading and serving society -whether it be in the boardroom or the classroom, in their home communities, or in places around the world."
Serving as honorary co-chairs are John C. Whitehead and Gerald M. Levin, whose careers and service to the college and their communities, exemplify the campaign's theme, "Educating to Lead, Educating to Serve." Mr. Levin, who graduated from Haverford in 1960, is chair and CEO of Time Warner. Mr. Whitehead, a 1943 alumnus, is a former co-chair and senior partner of Goldman, Sachs & Co., and served as Deputy Secretary of State under President Reagan. He currently chairs the Goldman Sachs Foundation and AEA Investors, Inc. in New York. Both men are former chairs of Haverford College's board.
"In my view, there is a real link between value creation for Wall Street and social and moral values," says Mr. Levin. "My belief in the notion that values and meaning can be part of how a corporation operates and defines itself comes principally from my Haverford experience."
"Haverford had an important influence in my life as well," says Mr. Whitehead. "This is the most important and largest capital campaign in the College's history. We have always been handicapped by the small size of our endowment. I hope everyone will be generous."
The College's plans for a major capital campaign grew out of a two-year self-study which included recommendations in the areas of faculty development, interdisciplinary initiatives, diversity, information technology and financial aid. During that time, plans were finalized for the Marian E. Koshland Integrated Natural Science Center, one of three academic centers that eventually will support integrated learning across the College's science, social sciences and humanities divisions.
Currently under construction, the Marian E. Koshland Integrated Natural Science Center is named in honor of a prestigious immunologist, former Haverford College parent and board member. Before her death in 1997, she and her husband, Daniel Koshland. the former editor of Science Magazine and a professor emeritus of molecular and cell biology at the University of California, Berkeley, made a $15 million gift to Haverford in support of the new science building. It is the largest single gift to the College, and together with additional funds from the campaign will allow the departments of chemistry, physics, astronomy, mathematics, biology and psychology to be housed in an integrated teaching and research complex.
Two additional academic centers being supported by the campaign are the Center for Peace and Global Citizenship and the Humanities Center.
The Center for Peace and Global Citizenship will offer programs that examine the role of today's citizen in building peace in a global society. Haverford's undergraduates will be exposed to scholars and practitioners whose research and experience encompass domestic issues and international affairs. Students also will have opportunities for internships and mentoring experiences both in the U.S. and abroad.
The College also envisions a Humanities Center, an endowed resource for collective and creative thinking in various areas of humanistic scholarship including philosophy, religion, the classics and literature, as well as in culture and the arts. The new center will sponsor a performance series, annual faculty research seminars and a summer institute for curricular development.
A fourth center is planned for the College's athletic program which supports 21 varsity teams, numerous intramural and club teams, physical education classes and a mandatory wellness program for all first-year students. The development, funding and construction of the new athletic facilities will be completed in two phases, the first of which will include a new basketball and volleyball arena with 1500 permanent seats, a modern fitness center and weight room, five international squash courts, new training and locker rooms and offices for coaches.
The most pressing need identified in the College's self-study - that of permanent resources for financial aid - will receive the largest portion of the endowment funds raised during the campaign. As one of a handful of colleges and universities which still practices need-blind admission, Haverford is committed to raising $50 million in its upcoming campaign to continue that policy and meet the financial needs of all of its students.
Haverford also is seeking funds to endow eight assistant professorships, essentially raising the number of tenured faculty positions and reversing a national trend which sees most institutions limiting permanent faculty appointments. Funds from the campaign also will be allocated for extended sabbatical leave time and for developing courses that make use of the latest computer technology.
Another key goal of the campaign is to enhance existing academic and extracurricular programs that promote a more diverse and international campus community. While Haverford has one of the highest percentages of students of color among this year's freshmen class, the college is committed to enhancing more diverse perspectives in the academic and social programs it offers students.