Towson University exceeds $50 million goal of capital campaign
Historic endowment will provide scholarships, faculty enrichment and community programs
TOWSON, Md. (July 6, 2011)—Towson University’s capital campaign, “Growing a University,” has exceeded its goal and concluded a seven-year effort to raise $50 million for student scholarships, academic programs and community outreach.
“Achieving this important goal not only creates opportunities at Towson University,” says Interim President Marcia Welsh. “It also signifies the university’s entrance into its next phase of development and climb to academic excellence.”
In addition to providing enrichment for student scholars and university faculty, the funds raised by "Growing a University" have expanded the Towson University Foundation, which grew from $13 million to $41.6 million during the course of the campaign.
“Building endowment for a university helps to provide a solid foundation for the future of our students, academic initiatives and community partnerships,” says Gary Rubin, vice president for University Advancement.
“With the tremendous support of alumni, faculty, staff, community supporters, foundations and corporations, we have had unprecedented fundraising success during a time that has been economically challenging.”