Office of University Relations
SDSM& T News
501 E. St. Joseph Street • Rapid City, SD 57701- 3995
Phone: ( 605) 394- 6082/ 2554 • Fax: ( 605) 394- 3388
FOR IMMEDIATE RELEASE:
APRIL 30, 1998
SDSM& T FOUNDATION ANNOUNCES $ 16 MILLION CAPITAL CAMPAIGN
The SDSM& T Foundation announced the institution’s $ 16 million Capital Campaign - Vision 2000: Leadership for the Next Century today at a press conference followed by a National Launching Event this evening. The $ 16 million program has been implemented to help provide much needed support to the institution. The focus of the campaign includes $ 4 million in cash gifts to address immediate areas of need and $ 12 million in endowment gifts to provide continued annual support.
The announcement of the campaign represents the culmination of over three years of planning and implementation efforts. These efforts began with the prioritization of campus needs— namely support for student scholarships, faculty, programs, laboratories and equipment. “ Additional support of these areas is critical if South Dakota Tech is to continue providing the best educational opportunities to students and faculty,” stated Dr. Richard Gowen, President of SDSM& T.
To measure the willingness of alumni, friends and corporations to support a potential capital campaign, a market feasibility study was conducted. Sixty meetings were held throughout the region and across the nation. Over 600 people attended these meetings and provided input that formed the basis for the final campaign goals. The responses from those attending were overwhelmingly positive. In fact, 91% of those responding indicated a willingness to financially support the proposed campaign. “ This incredible level of support shows the total commitment and dedication of our faculty and friends,����� said Dr. Howard Peterson, Chairman of the SDSM& T Foundation Board and SDSM& T Dean of Students Emeritus.
To date 132 individuals have been recognized as National Leaders because of their commitment to the campaign. Included in this national leadership are 4 Honorary Chairs and 12 Endorsement Chairs. In addition, 34 National Co- Chairs ( gifting $ 100,000 or more), 28 National Cabinet ( gifting $ 25,000 or more), and 54 National Council ( gifting $ 10,000 or more) have agreed to support the campaign. These National Leaders represent many committed local alumni and friends of SDSM& T, as well as individuals from over 25 other states, who are willing to financially support the institution’s efforts.
-- 2-- Because of the tremendous commitment of these National Leaders, along with gifts from other alumni, friends and corporations, this first- ever Capital Campaign has raised $ 10,041,998 of the total goal to date. The Foundation hopes to achieve the ultimate goal of $ 16 million to coincide with the All Alumni Reunion scheduled for July, 2000.
Over 200 alumni and friends are expected to attend the campaign’s National Launching Event tonight at the Rushmore Plaza Holiday Inn. Following the social hour at 6: 00 p. m. and dinner at 6: 30 p. m., a multi- media program will be presented depicting SDSM& T’s historical journey since 1885. The program features high- tech video, theatrical performances and live music by the Divas, a local singing group, and four Tech students singing Beatles tunes.
Media Advisory: The National Launching Event program tonight will provide some good visual opportunities. Members of the media are welcome to attend.
( fs1/ programs/ dept/ univrel/ pressrele/ 0498/ Foundation Capital Campaign fax/ stwd)
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