A month after the economy took a turn for the worse last September Elon launched its largest fundraising campaign. Its goal is to raise $100 million and to boost the endowment.
In the months following the Ever Elon launch last October, the school raised $60 million, but in the country’s economic drought money has dried up. “It has certainly caused people to pause,” Ever Elon Director Chuck Davis said.
Since last year Elon has raised a little more than $7 million, which is a far cry from the more than $30 million left to reach next May’s financial goal. Though Davis says he’s starting to see it turn around.
“We’ve had some nice gift commitments that have been made in the last couple months,” he said, “and we feel like people are committed to Elon [and] to the goals and the values of the campaign.”
“The campus is growing, it’s getting a very good reputation even up north. I think one thing we do is we talk about it being a southern school and I say I would like it to be known in the east coast,” Elon Alumni Chris Martin said (class of ’78).
The Campaign is broken into eight specific categories. The three biggest include; $20 million for operation coasts, $10 million to preserve and build the campus, and $70 million for the endowment.
“We are, not to say that it’s not going to be a lot of work, because it is, but we are optimistic,” Davis added.