The Fund for Hobart and William Smith, the Colleges’ annual fund, closed the books on a record-setting year. More than $2.88 million was raised for the 2007 fund year, the highest ever on record for the Colleges. The fund year ran from the summer of 2006 through the spring of 2007.
Easily surpassing its 2007 goal of $2.6 million, the Fund is on track to achieve the Campaign for the Colleges goal of $3 million per year by the end of the campaign. “This record year is a testament to the success that Hobart and William Smith are experiencing on a broader scale, as well as to the strength and loyalty of our alums, said Bill Deptula, assistant vice president for Institutional Advancement. “This is an outstanding milestone, and we expect to continue building upon this energy to build a robust and consistently superior annual fund that is more on par with our peers.
Many liberal arts schools have annual funds that contribute $3 million or more to their yearly operating budget. By achieving this same level of funding, The Fund for Hobart and William Smith will enable the Colleges to provide more consistent and comprehensive support for a variety of needs across campus—from funding student scholarships and recruiting talented faculty, to buying library books and upgrading facilities and technology, to enriching the athletic programs and academic programming that distinguish Hobart and William Smith.
The Fund also had a strong finish in participation, exceeding 30% for the eighth consecutive year. The campaign goal is to achieve at least 40% annual participation within the next three years.