University has raised $275M toward its goal
University has raised $275M toward its goal
Courtney Mabeus-Brown //November 3, 2022//
Old Dominion University on Thursday announced the formal launch of a five-year, $500 million campaign to raise money for scholarships, research, campus improvements and faculty recruitment, with the university saying it’s already more than halfway to meeting its fundraising goal.
ODU President Brian O. Hemphill announced the campaign, Forward Focused: For Dreams and Beyond, Oct. 20 during an alumni dinner. The university raised $275 million during a quiet phase that began July 1, 2016, and concluded in September, prior to the campaign’s rollout. That included lead gifts, including the university’s Barry Art Museum.
“As we embark on this campaign, Monarch nation is stepping boldly forward to declare our dreams possible,” Hemphill said in a statement. “We will focus our investment and efforts in the areas where ODU is poised to innovate and lead – social mobility, research and workforce development.”
ODU was designated last year as an R1 research university, which recognizes it under the Carnegie Classification of Institutions of Higher Education as a doctoral university with a great amount of research activity. The designation creates a pathway to recruiting high-quality faculty and students, obtaining large research grants, and attracting industry and government agency partners, and the new campaign capitalizes on that momentum, ODU said.
The campaign will focus on the following areas: