Brown University Announces Success of $1.4B 'Boldly Brown' Campaign

PROVIDENCE, R.I., Jan. 20, 2011 /PRNewswire-USNewswire/ -- In messages sent today to alumni, donors, parents, and the campus community, Brown University President Ruth J. Simmons announced the success of the University's seven-year, $1.4-billion "Boldly Brown" comprehensive campaign.

Launched publicly in October 2005, the campaign reached its original goal in May 2009 and continued to 115 percent of its goal — $1.61 billion — by its formal conclusion on Dec. 31, 2010.

"This is an historic achievement for Brown, one that would not have been possible without your hard work and steadfast commitment to our goals. More than 69,000 alumnae, parents and friends contributed to Boldly Brown," Simmons wrote to campaign leaders and volunteers. "This University has always been an extraordinary institution, well-supported by our extended community and focused firmly on a goal of academic excellence. Now, with additional course offerings, expanded international exchanges, increased multidisciplinary research opportunities, and the welcome intellectual stimulation derived from additional new colleagues, our outlook is as bright as our aspirations."

"This campaign is moving Brown forward in ways that were unimaginable 10 years ago," said Chancellor Thomas Tisch. "As a community we've come together to provide support that is enabling us to transform Brown in very fundamental ways."

The Boldly Brown campaign was carefully aligned with priorities in the University's Plan for Academic Enrichment. That plan, officially endorsed by the Brown Corporation in February 2004, set the University on a course to develop, among other priorities:

• a larger, better supported faculty;
• expanded undergraduate financial aid;
• new and refurbished academic and research facilities;
• additional investment in graduate education;
• significantly expanded relationships with international institutions;
• more educational and research opportunities abroad for students and faculty;
• a renewal of the historic campus and a plan for its future development; and
• a new home for the Alpert Medical School, the University's first significant academic development beyond College Hill.

Achievements of the Boldly Brown campaign

• Raised $1.61 billion. The campaign met its original $1.4-billion goal 19 months early — in May 2009 — and raised 15 percent more by Dec. 31, 2010.
• Engaged more than 69,000 donors, including record-setting participation by parents who are not Brown graduates.
• Raised $737 million in new endowment, almost 112 percent of its $660-million endowment goal.
• Raised $273 million for facilities, more than 136 percent of its $200-million facilities goal.
• Raised $573 million in current-use funds, more than 106 percent of its $540-million current-use funds goal, setting a new record for the Brown Annual Fund ($36.3 million in fiscal year 2010).

The endowment total includes more than $311 million in endowment for undergraduate financial aid and $129 million for 70 new faculty chairs and other endowed positions.

For full text of release go to news.brown.edu/pressreleases/2011/01/campaign.

SOURCE Brown University