Forever Valpo Fundraising Campaign

[vu72]

Perhaps this will help.  The Kretzmann Society includes members who have made a bequest to Valpo via their will.

https://valpo.giftplans.org/index.php?cID=89

[vu72]

We just received a $1 million dollar gift from the estate of William E. Schlender.  Who know when he committed to making the gift but he died in January of 2016.  Presumably the funds were finally delivered to Valpo.  I think this best illustrates the difference in committed fund to the campaign and the actually size of the endowment. The announcement says the gift supports the current fund drive although he died before the official launch date. 

[crusader05]

I think they already had donations secured when they did the official launch date in September 2016 so who the hell knows when they officially started asking for money for this damn campaign

[crusadermoe]

In May 2011 there was a news release of Helge gift to the chapel of $15 million.  It was counted in the Forever campaign.   Look at the campaign website. 

That's what I have been saying about the pace of it and it taking "forever" to reach goal.

[crusader05]

This has sent me down a rabbit hole of looking up stuff about endowment funds and campaigns and how long they take. Surprisingly little out there that's direct but I did find something from 2008 that said only 16% of 2-4 year colleges had an endowment of over $50 million!

Weslyan, which has a ridiculous endowment history, raised $190 million in gifts in around 7 years.

It seems that our  campaign is ambitious but not outrageous compared to our peers. It does seem that it might be a bit more endowment focused. Drake had a goal for 200 million  with a under half(74 mil) that raised when they went public and then 5 years to get the rest.

We have a 250 goal, went life in 2016 and had 135 million when we went public so not too far off theirs in regards to needing to raise about 125 more million.

[vu72]

I  guess they have decided to post updates more frequently.  On February 11 I posted $200,631,376 and when I looked today it was up to $200,721,508 for an increase of $90,132!!  At that pace it is going to take quite some time to get to $250 million!

[vu84v2]

Valpo just announced a $1.3 Million dollar donation to the business school (for an endowed faculty chair and endowed scholarships) from an alumnus. I am not sure when that was added into the total, but it would seem that there is still activity.

[crusader05]

They also just announced their Proud of be Valpo Day on April 10th. I believe that usually coincides with some donation announcements as well.

[FieldGoodie05]

I  guess they have decided to post updates more frequently.  On February 11 I posted $200,631,376 and when I looked today it was up to $200,721,508 for an increase of $90,132!!  At that pace it is going to take quite some time to get to $250 million!

How much do we think $250,000,000 was just a "throw it at the wall and see if it sticks"?

Let's say they ran the numbers and figured out that sum was the requisite amount necessary for ______ years of operating costs etc.

What's the likelihood our alumni have those type of resources? Just a question as I've no experience in this field.

Say 10% of grads donate $50,000 in a lifetime.

Say we graduate 750/year over the last 50 years = 37,500 alumni.

My made up numbers say that 10% = 3,750 donors "may" have the means and spirit to donate approx $187,000,000.

I suppose logic dictates $250,000,0000 fundraiser is difficult to achieve.  Combine that with the fact that it's probably not the first fundraiser in the past 50-years and certainly not the last.  How in the heck do we even approach these numbers knowing that fundraisers can be an every 10-15 years and just how small our alumni base is in the grand scheme of things?

Being 80%+ to objective seems quite impressive, dauntingly so...

[crusader05]

It isn't scheduled to end until 2021 so you have to raise close to  50 million in two years to meet the goal. Seems doable but my guess is it's gonna be slower going. They had a lull and then it seemed to pick up but now it seems to have lulled again. 

[VUGrad1314]

You know what can fix that? A run in Arch Madness and getting a game on CBS this Sunday! Go Valpo!

[crusadermoe]

Crusader05.    Did you say the campaign was Forever?....or targeted to end in 2021?   

[vu84v2]

Does anyone know what the current amount of Valpo's current endowment? It was ~$235M in 2017 and, I would assume, has increased with further progress in fundraising and the 2018 return on investment.

[valpo95]

Does anyone know what the current amount of Valpo's current endowment? It was ~$235M in 2017 and, I would assume, has increased with further progress in fundraising and the 2018 return on investment.

See the thread on the 2018 NACUBO results https://www.valpofanzone.com/forum/index.php?topic=3351.0 or else the details here https://www.nacubo.org/Research/2019/Public-NTSE-Tables. Note that these are through June 30, 2018 for FY 2018 so there is always a bit of a lag. The total is $250.4M

[bbtds]

I'm sorry I don't remember which thread I saw Linwood Ave. being discussed but I heard at the Enterprise Center in St Louis that President Heckler is getting a house prepared for him on Linwood. I'm not familiar with exactly which house but it is near the road that goes off of Linwood where the Cotton family once lived.

EDIT: Looked it up. Near Linwood and Cedar Lane.

[crusader05]

a bunch of old homes in that area have been demolished. I have no idea what it's bookmarked for. Be interesting if the president decided to build a house on those lands.

[vu72]

Near Linwood and Cedar Lane.

Then that looks like it would be nearly across the street from OP's house, correct?  The houses on Linwood owned by the University are up from the Mound St area.  Those are all owned with the exception of my aunt's house at 807 Linwood,  all the way to the old Theta Chi house.

[bbtds]

Near Linwood and Cedar Lane.

Then that looks like it would be nearly across the street from OP's house, correct?  The houses on Linwood owned by the University are up from the Mound St area.  Those are all owned with the exception of my aunt's house at 807 Linwood,  all the way to the old Theta Chi house.

I probably knew where these houses were as an elementary school kid but my memory is foggy. I believe O.P.'s/Huegli's/Schnabel's house was near where Industrial Revolution/Brewsky's/Sambo's/Ed's Drive In was but across the street on Linwood. I believe, but could be wrong, that Heckler's house will be on the same side of the street as Industrial Revolution/Brewsky's/Sambo's/Ed's Drive In and further away from US 30.
I believe the Lilly Fellow's house is the former president's house and used to be accessed from Linwood but is now only accessed from Campus Drive South.

EDIT: My guess is 1048 Linwood.

https://www.google.com/maps/@41.4611766,-87.0481578,282m/data=!3m1!1e3

2ND EDIT: https://www.google.com/maps/@41.461354,-87.0475758,3a,75y,270h,89.54t/data=!3m6!1e1!3m4!1sa-Jevv3K9ykbIJtpl4gQDA!2e0!7i13312!8i6656

I was told the brown house at this location is gone and they are preparing another house just south of this brown house.

[crusadermoe]

This thread got way off track.  Unless a new home for Pres. Heckler somehow matters to the campaign.

Recent actors:
1)  James Bond in "Diamonds are Forever"
2)  Mark Heckler in "This Campaign Will Last Forever"

[vu72]

Final Results!

https://youtu.be/Yf_tW-Bg-VQ

[vu72]

New total posted!  Now up to $206,204,084 or an increase of a little over $5.4 million in about 2 months.  That would include the 750k raised on the Valpo Day of Giving.

[VULB#62]

Cool. Fine. Congrats. Now let's slice off just a mere $6.2 million (leaving $200 million to continue the campaign) and renovate the freaking ARC and bring back twice the investment with what that investment will produce in terms of gate, increased respect and national level exposure.  Just my 

[bbtds]

Cool. Fine. Congrats. Now let's slice off just a mere $6.2 million (leaving $200 million to continue the campaign) and renovate the freaking ARC and bring back twice the investment with what that investment will produce in terms of gate, increased respect and national level exposure.  Just my 

You got my vote but it ain't gonna happen. We're either waiting for Bryce, Alec, Rowdy or some other Valpo inspired alum to pay for it.

[mj]

So I've heard that the University has slashed some professor positions as a result of budget issues. Anyone hear anything about that?

[usc4valpo]

how does Valpo have budget issues?