“It’s Time” … To Announce Results of Pace University’s Largest and Most Successful Fundraising Effort

“It’s Time” … To Announce Results of Pace University’s Largest and Most Successful Fundraising Effort

Media Contact: Samuella Becker, Pace Public Information, 212-346-1637 or 917-734-5172, Sbecker2@pace.edu

FOR IMMEDIATE RELEASE

“It’s Time” … To Announce Results of Pace University’s Largest and Most Successful Fundraising Effort

  • Pace Raises $101 Million
  • Student Financial Aid Top Priority with $21 Million Raised for Scholarships
  • $15 Million Gift Establishes Seidenberg School of Computer Science and Information Systems
  • 16 Single Gifts of $1 Million +
  • 6,417 First-Time Donors

NEW YORK, July 26, 2010 – Pace University has concluded the most ambitious fundraising effort in its 104-year history.

It’s Time: The Centennial Campaign for Pace University was publicly launched on April 24, 2007 with a goal of $100 million. “Since the start of the campaign, more than 16,813 individuals and organizations – including 12,365 alumni – have stepped forward to make critical investments in the school,” said Pace President Stephen J. Friedman. “This is truly inspiring and a vote of confidence in the University!”

Pace raised $101,096,941 in cash and pledges since the campaign’s inception in 2003. “The fact that we had reached the goal was first publicly announced on April 29th at our 47th Leaders in Management Awards dinner, which honored David J. Pecker, President and CEO of American Media, and Gurbaksh Chahal, Founder and CEO of gWallet,” said Christine Meola, Pace Vice President of Development and Alumni Relations.

Ivan G. Seidenberg (MBA ’81), chairman of the board and chief executive officer of Verizon Communications, donated the largest gift in Pace’s history, $15 million, which was awarded to the School of Computer Science and Information Systems in October 2005. One-third of his naming gift will support the Seidenberg Scholars Program, a program dedicated to recruiting and supporting top computing students from across the country. Seidenberg, a member of the Pace Board of Trustees, chaired the It’s Time campaign and led the 17-member Campaign Executive Committee.

Other noteworthy naming gifts:

  • The Dyson Foundation awarded Dyson College a gift of $7.5 million.  $5 million was directed to the renovation of the science labs on the Pleasantville Campus, $2 million funds scholarships in psychology, communications and media, performing arts, fine arts, and environmental science and environmental studies, and $500,000 created the Dyson Student Opportunities Fund, which funds special activities for students.  This was the largest of the gifts marking the Foundation’s 50th Anniversary and reflects a partnership between the Dyson family and Pace that began 75 years ago in 1930 when Charles H. Dyson graduated.  Dyson became a pioneer in leveraged buyouts, was founder of the privately held investment firm Dyson-Kissner-Moran, undertook government assignments during the administration of Franklin D. Roosevelt, and served as Chairman of Pace’s Board of Trustees.
  • The Wilson Center for Social Entrepreneurship was launched with a $5 million pledge from Helene (BBA ’66) and Grant Wilson, Boston-area entrepreneurs and philanthropists whose involvement with nonprofit organizations has convinced them that more entrepreneurial management can help these organizations increase their impact.
  • The Carl and Lily Pforzheimer Foundation made a gift of $2 million toward the Pforzheimer Honors College Endowment.  The Pforzheimer family has made many contributions to the betterment of Pace University over the past 47 years. The investment banker Carl H. Pforzheimer III is a trustee emeritus and was chair of the board from 1990 to 1999; his mother, Carol, a trustee emerita, served on the board from 1973 to 1979.

Additional Campaign highlights:

  • Trustees of Pace have collectively contributed more than $23 million to date, demonstrating their bold leadership and commitment to this historic effort.
  • 16 single gifts of $1 million or more, reflecting Pace’s ability to inspire gifts of remarkable generosity.
  • 6,417 first-time donors to the University, including 4,360 alumni who contributed $35.6 million.
  • $21 million raised for scholarships
  • $800,000 earmarked for Pace’s Division II sports programs, including scholarships and capital improvements to athletic facilities
  • An earlier Pace campaign, launched in 1995 and concluded in 2000, raised $61 million over a five-year period. The goal of that campaign was $55 million.

What’s next?  According to Friedman, “The conclusion of the Centennial Campaign doesn’t mean the end of our efforts to seek support to make Pace a better university. On the contrary, it signals another new beginning.  Our graduates are making a difference in every field and profession, ranging from the arts to business to healthcare to environmental law. Thus we will continue to press forward as we seek support for implementing the vision laid out in our new Strategic Plan … and moving Pace to a new level of excellence over the next five years.”

About Pace: For 104 years Pace University has produced thinking professionals by providing high quality education for the professions on a firm base of liberal learning amid the advantages of the New York metropolitan area. A private university, Pace has campuses in New York City and Westchester County, New York, enrolling nearly 13,000 students in bachelor’s, master’s, and doctoral programs in its Lubin School of Business, Dyson College of Arts and Sciences, Lienhard School of Nursing, School of Education, School of Law, and Seidenberg School of Computer Science and Information Systems. www.pace.edu

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  1. Tweets that mention Pace University’s Largest Fundraising Effort Comes to a Close | Pace University Press Room -- Topsy.com - 28. Jul, 2010

    [...] This post was mentioned on Twitter by Tom Torello and G. Ravishanker, theCORsource.com. theCORsource.com said: RT @ttorello: RT @samuella: Pace University Raises $101 Million – $21 million for Scholarships: http://tinyurl.com/32m4rbd [...]

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