Virginia Commonwealth University has raised $613.5 million toward its $750 million goal in the Make It Real Campaign for VCU, the university announced June 1.
Fiscal year 2018 marks the best fundraising year of the campaign so far, with $105.6 million raised to date. The university’s fiscal year ended June 30.
“I could not be more grateful for the generous support of our alumni and friends who helped us reach this milestone,” says Dean of Medicine Peter F. Buckley, M.D. “They are leading the way in defining the future of medicine on the MCV Campus. Gifts to the School of Medicine are vital to sustaining our core values of cultivating a life-changing learning experience for students and trainees, exceptional care for the sick, and a curiosity for medical research and discovery.”
The campaign, which began with a quiet phase in July 2012 and launched publicly in September 2016, is the largest fundraising effort in the university’s history. It counts all funds raised through June 30, 2020.
“The School of Medicine has hit our fundraising goal for this fiscal year — putting us at nearly 75 percent of the school’s $300 million campaign goal and paving the way for a strong finish in 2020,” says Thomas Maness, M.P.A., associate dean for development and alumni affairs in the medical school. “It simply wouldn’t be possible without the dedicated alumni and friends who are committed to advancing the school they hold dear.”
The 1838 Campaign is the cornerstone of the medical school’s fundraising efforts that aims to build the school’s scholarship endowment into a resource on par with its peer schools. An expanded endowment will provide a competitive edge for recruiting top students, rewarding student excellence and reducing the burden of debt that is too often an inescapable part of choosing a career in medicine.
Thanks to the support of alumni and friends, 21 new medical student scholarships already have been established during the 1838 Campaign. An additional nine will be awarded this fall, and 16 more are currently in the works. Another 46 existing scholarship funds have increased in size with the addition of new gifts.
“My scholarship alleviates some of the financial burden, but most importantly, it allows me to continue to follow my dream, choosing my career specialty based on the relationships I can create and the difference I can make, rather than based off the student debt I will accrue,” says the Class of 2019’s Jessica Mace, 1838 Fund scholarship recipient.
Of the $105.6 million the university raised this fiscal year, $38.9 million came from alumni — including 1,789 first-time alumni donors — an increase of 80.4 percent in the committed revenue raised during the same time last year.
“The legacy of these alumni extends beyond their careers and patients,” Maness says, “and empowers the next generation of physicians who will embody the values and traditions of the MCV Campus.”