DanMcQ
Moderator 
Posts: 30,476
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Post by DanMcQ on Feb 28, 2004 11:11:17 GMT -5
The financial situation of the University seems to be a matter of some debate on the Hoyatalk Board. Here's a new Hoya article on the subject: Weak Financial Situation Spurs Budget Crunchwww.thehoya.com/news/022704/news1.cfm |
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Gold Hoya
Golden Hoya (over 1000 posts)
Posts: 1,578
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Post by Gold Hoya on Mar 30, 2004 13:44:36 GMT -5
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watsonry
Bulldog (over 250 posts)
Posts: 314
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Post by watsonry on Mar 30, 2004 15:15:45 GMT -5
Did I read that right? Porterfield wants to commence another $1Billion campaign (can't remember if it was in the article posted or the linked article re: Porterfield)?
If he can find the donors during the "quiet phase" that would be quite an accomplishment for GU to have back to back billion dollar campaigns.....I guess we could use the cash...
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Post by WilsonBlvdHoya on Mar 30, 2004 22:43:00 GMT -5
Watson,
GU doesn't need another billion-dollar campaign. It needs a MULTI-billion dollar campaign ($2-4B, IMHO) right away. It has competed and will continue to compete, somewhat successfully, with institutions that have endowments which are multiples that of GU! It's why there's no renovated McD yet.
This financial situation is untenable for GU's continued growth and stability. More donors need to step up to the plate with bigger gifts. It's that simple......
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watsonry
Bulldog (over 250 posts)
Posts: 314
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Post by watsonry on Mar 30, 2004 23:57:30 GMT -5
I agree. However, it is suprising that we would hit up the major donors again so soon after the last campaign finished. Is this normal practice in fundraising? If we could raise another $1-4 billion it would be great--but how many big donors are there that have not been tapped? Or who will pony up more cash than they did for the last campaign? Maybe Trump will contribute a couple $Mill when his son graduates.  |
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Post by reformation on Mar 31, 2004 12:58:44 GMT -5
GU needs a credible list of projects with associated costs and objectives before it starts making big $ pitches again--I'm sure that the admin is working on this, I'd love to see it.
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