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Averett Announces First Comprehensive Capital Campaign With A Big, Bold Goal: $25 million


October 26, 2012



At a gala event held at Averett University's E. Stuart James Grant Convocation and Athletic Center last night, school leaders announced that Averett is embarking on the first comprehensive Capital Campaign in its 153-year history with a goal of $25 million. The university has received over $19 million in contributions and pledges during the "first phase" of its campaign.

Attendees included Averett students, professors, administrators, alumni, members of Averett's Board of Trustees, community leaders and friends. Campaign co-chairs Ben & Betty Davenport and Drs. Frank & Dugan Maddux were recognized by Averett President Tiffany Franks for their leadership roles.

"This is an historic day in the life of Averett University, and I'm profoundly grateful to the more than 3,500 campaign supporters who have already been so generous and faithful in their support of Averett," said Dr. Franks. "Every dollar raised helps impact another student and another life. An investment in Averett is also an investment in our surrounding region.”

More than 30 individuals and organizations have contributed or pledged over $100,000 each to Averett’s capital campaign.

Other highlights:

• $2.6 million has been raised for student scholarships and 10 new scholarships have been created.

• $3 million has been raised for Averett's signature academic programs.

• A $1.25 million anonymous gift was made this week, which combined with other gifts will enable Averett to initiate a first phase renovation of its arts center – Pritchett Auditorium.

• A $3.5 million gift for Averett's proposed $6.5 million North Campus Sports Complex was announced. Thanks to major gifts from several generous donors, Averett has now raised $5 million of the $6.5 million total needed to begin construction of a new Sports Complex.

• Eight classrooms have already been outfitted with state-of-the art teaching technology, and Averett plans to update 23 more classrooms by the end of the campaign.

• By the end of its Capital Campaign, the university plans to invest over $1 million in its new service-learning program, which will empower Averett students to work throughout the region in various internships and community service projects.

"We are thankful to everyone who has pledged or contributed during the first phase of the campaign," said Buddy Rawley '75, vice president of institutional advancement. "We still have a ways to go, but with more than 75 percent of our goal already achieved, I strongly believe our total goal is well within reach."

Gifts to Averett's Capital Campaign will enable the university to recruit even more gifted and diverse students to its fast-growing student body; to attract topnotch professors to its already excellent faculty; to create new "market-smart" programs; to supply area employers with talented, well-trained employees; and to enrich the intellectual and cultural life of the local community and the region.

Averett University has enjoyed considerable positive momentum in the last few years. This fall, the school is celebrating its third consecutive year of record enrollment, plus it has moved up seven spots in the prestigious U.S. News & World Report rankings, from 34th among the top regional colleges and universities to 27th. Averett's total enrollment is over 2,300 students, and the university has 14 campuses across the Commonwealth of Virginia.

Visit our Campaign web page at http://www.averett.edu/campaign/