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January 2013 marked the 36th anniversary of the first month of operation for the Shippensburg University Foundation. Below is a look at the first three decades of success that has led the SU Foundation to where it is today.
1960 – 1977
Shippensburg State College Trust receives and processes gifts from private sources. 60 individual funds, included 2 unrestricted, are established. Holdings grow from $3,000 to $400,000.
In order to attract more private dollars to fund scholarships for students, planning begins for an independent, non profit, organization that can facilitate giving from prospective benefactors and so raise more money to support the college.
The Shippensburg University Foundation is created, incorporated under the nonprofit corporation law of the Commonwealth of Pennsylvania, for the purpose of receiving gifts, grants, devises or bequests for the ultimate use of Shippensburg University. Richard D. Rife, current president of Capital Blue Cross, is elected president of the SU Foundation Board of Directors.
The SU Foundation is operational. April 1978 the Shippensburg State College Trust is dissolved and all the Trust’s assets transferred to the SU Foundation.
1978 – 1980
Alumni giving doubles from 9% to 18%.
The SU Foundation’s inaugural capital campaign, the ‘Old Main’ Campaign, gets underway with a $350,000 goal. Its purpose is to renovate the main administrative building on campus. It concludes in December 1986, successfully raising $470,820.
The SU Foundation announces “To Enhance the Tradition” comprehensive campaign seeking endowment support for student scholarships, academic programs and the SU Foundation’s unrestricted endowment. Other initiatives include the purchase of land and buildings and the renovation of campus facilities. The goal is $8,467,000.
Governor Casey announces the release of $75 million for capital construction projects for the State System contingent upon a match from private sources of 25% of the construction costs. The Commonwealth also agrees to pay for the design, furnishings and equipment costs.
“To Enhance the Tradition” campaign concludes, eighteen months before its scheduled completion date, raising $12,725,095 - $4,258,095 over the original goal. It is a great success. $9,242,966 is attributed to Annual Fund efforts. Of the rest, $1,651,000 represents direct contributions from the SU Foundation Board of Directors.
Taking advantage of the challenge from the Commonwealth, the SU Foundation immediately undertakes the next campaign, “Building for a Better Future: The Campaign for Shippensburg University”. The goal is $3,200,000
Using Commonwealth funding and funds from private sources, the University builds a 35,000 square foot addition to the Dauphin Center to house the Mathematics/Computer Science Department and the University Computing Center. A new 65,000 square foot building becomes the new home of the John L. Grove College of Business and the University Media Center. The departments of Political Science and Sociology/Anthropology also relocate here. Shippen Hall is renovated; the College of Education and Human Services moves in.
“Building for a Better Future: The Campaign for Shippensburg University” concludes raising $3,439,251 – 107% of its goal.
“To Enhance the Spirit”, a targeted, specialized, campaign gets underway to raise $1,800,000 for a Spiritual Center and Interfaith Chapel. The result is a 7,000 square foot facility, built on private land owned by the SU Foundation. The Center addresses a need for a sanctuary for spiritual growth and fellowship. It concludes in 1998 raising $1,821,113.
The SU Foundation purchases and renovates an apartment complex bordering campus. This becomes College Park Commons, a 74-unit complex providing safe and convenient housing for students. Stone Ridge, a 61-unit, suite style, dormitory building is constructed next door. Both properties are owned and managed by the SU Foundation.
The most ambitious comprehensive campaign in the history of the SU Foundation kicks off. “Navigating into the Future” sets an impressive goal of $40 million. The campaign will raise funds for four areas: facilities - $13 million, endowment - $12 million, technology - $5 million and the Annual Fund - $10 million.
Shippensburg University dedicates the 1,500 seat, state-of-the-art, H. Ric Luhrs Performing Arts Center. Constructed with over $10 million raised through campaign funds and $9,925 million from the Commonwealth of Pennsylvania, this is one of the great success stories of the campaign.
The SU Foundation moves from the Davis House to the newly constructed conference center at 500 Newburg Road. Construction costs are covered 100% by the SU Foundation.
After seven years, the “Navigating into the Future” comprehensive campaign concludes raising $50,368,538 – more than $10 million of the original $40 million goal. It is the most successful campaign ever in the history of Shippensburg University and in the Pennsylvania State System of Higher Education.
Students move into Hot Point Commons, the third student housing complex owned and managed by the SU Foundation. The 21, four bedroom, townhouses accommodate 84 students.
As of June 30, 2012, total assets of the Shippensburg University Foundation are nearly $67 million.
On October 13, 2012 the Shippensburg University Foundation publically announced Charting the Course, Lighting the Way - the Campaign for Shippensburg University. A goal of $45 million was set - it is the highest campaign goal in Shippensburg University Foundation history. The Campaign will benefit the People, Programs, and Places of Shippensburg University