Donations fuel school's drive toward top-tier status
The Jon M. Huntsman School of Business has passed its comprehensive campaign goals already, but it has only just begun to raise the capital the school will need in the next 10 years if it is to achieve its potential.
"We are responding to Mr. Huntsman's challenge to become a top-tier school in the next ten years and that's going to take an infusion of capital at this crucial time," Dean Douglas D. Anderson said. "Many of the alumni and our friends have already captured the vision for what we can and will be doing. It's an exciting time."
Utah State University announced last March, "The Campaign for Utah State University." The goal is to raise $200 million for the university by 2010. At the Founder's Day dinner, March 8, President Stan L. Albrecht announced USU had already surpassed that goal and had raised $202 million. An update of the university's progress can be seen at: www.usu.edu/campaign/progress/.
The Huntsman School set a goal to get a $20 million naming gift before 2010 and to raise an additional $13 million. Both goals have been exceeded in the first year of the Capital Campaign, according to Alta Markeson, executive director of development for the Huntsman School.
"The $25 million Huntsman gift will come in over a period of 10 years, and Mr. Huntsman has made it clear that he expects the school to raise money each year from alumni and friends to partially match his donations," Markeson said.
Like other business schools, the Huntsman School has been facing a salary inversion challenge. New faculty, new programs and new facilities that will be part of the Huntsman School's transformation will require a significant ongoing investment, she said.
"For those of us who work on the campus and see the students we work with, we know the investment is worth it," Dean Anderson said. "We are not content to make minor improvements here and there. The Huntsman School of Business is ready to move to a new level."
Markeson said that the number of people who participate in this campaign is important, even though not everyone will be able to make large gifts to the Huntsman School.
"This is an exciting time to be a part of the Huntsman School," Markeson said. "Everyone who contributes will know that they helped bring about this transformation."