Initially, the campaign set a goal of raising $25 million within five years, but in 2003 the goal was increased to $35 million and the campaign was extended for another three years.
The primary objectives of the campaign were to raise money to fund capital improvements, build endowments and support operational expenses. In a special celebration ceremony Thursday afternoon before 100 friends and supporters of the college, an enthusiastic President John Deegan Jr. announced the conclusion of the campaign. The final figure -- $36,603,835.
"What an incredible achievement!" Deegan said. "It is phenomenal. We couldn't have done it without you and without many others over the years."
Along with the philanthropic announcements came comments from Deegan about the college's continued growth in its student body. More than 800 students are expected to be enrolled this fall at the small liberal arts college in rural North Carolina.
"I have now been involved in higher education for more than 30 years," Deegan said, "and I know of no other college that is as supported and blessed as this one by its community. We are the envy of many other colleges across the country."
Deegan praised Paul Baldasare, the college's vice president for institutional advancement. Baldasare oversaw the eight-year campaign from its planning stages through successful completion.
The funds raised during the college's "Share the Vision" Campaign were placed into immediate use, including scholarships for students, capital improvements, endowments, operational expenses, and improved faculty and staff salaries.
During the course of the campaign, the college saw tremendous growth in its equestrian program, now considered one of the nation's elite academic and competitive venues. Campus buildings have received much-needed repairs and the campus is undergoing a beautification effort.
"The 'Share the Vision' Campaign was a very courageous undertaking," Deegan said. "As a relatively young college with a small alumni and donor base, attaining the goal of raising $35 million within eight years is a truly remarkable and noteworthy accomplishment and one in which all friends of St. Andrews can be proud."
