Dear Alumni and Friends,
The 2013 fiscal year (July 1, 2012 – June 30, 2013) was yet another watershed year for our fundraising activities at the School of Law. In FY13, generous alumni and friends contributed a record-breaking $23,163,409 in total cash giving, the fourth consecutive record year for cash giving. The School’s success in raising 77% more in cash gifts is due to the generosity and support of our friend Sumner M. Redstone (HON ’94). Mr. Redstone’s gift of $18 million to name the Sumner M. Redstone Building catapulted our Building on Excellence Campaign over the initial Building Fund goal of $20 million needed to break ground, and brought the Building Fund total dollars raised to $35,332,916.48. Thank you, Mr. Redstone!
The Law Fund total dollars raised increased yet another year over the previous. The average Law Fund gift increased in FY13 over FY12 by 12%, despite 8.5% fewer donors. The Law Fund continues to be a priority for the School as it helps to address the School’s most pressing needs.
As our campaign chair, Rick Godfrey (’79), noted in his update, the law school publicly launched its Building on Excellence Campaign last year, ending the quiet phase of a comprehensive fundraising effort that seeks support for five key priorities: the construction of the Sumner M. Redstone Building and the renovation of the law tower project, student financial aid and scholarships, professorship and faculty support, academic programming, and unrestricted support for the Law Fund.
As I speak with many of you throughout the year, I have been truly impressed with the loyalty and gratefulness in which you speak of the law school and your time spent here studying the law, solidifying friendships, and preparing for a career in the legal industry. Your interest in and support of School’s Building on Excellence Campaign is inspirational. Your gifts of time, talent and financial support help us to create an even better future – one that builds on the excellence that is today’s Boston University School of Law.
Construction is well underway on the new Sumner M. Redstone Building along with the exterior work on the law tower, thanks to the foresight and generosity of you, our alumni and friends. We have also identified throughout these construction plans a host of naming opportunities that will allow us to permanently thank and acknowledge the magnificent contributions of our Campaign friends. (See a select list of these spaces and their associated gift amounts.)
With the Campaign at its halfway mark, it becomes crucial that we achieve our annual goals to meet our overall $80 million goal. All donors to the law school’s Building on Excellence Campaign contribute to that great vision, funding key priorities that are components of the School’s broader strategic plan. I would like to acknowledge and thank again several such donors whose most generous support during the 2013 fiscal year catapulted us even closer to success:
Nathan Mandelbaum (‘69), a loyal alumnus, law school Founding Benefactor and partner at Mandelbaum & Mandelbaum in New York, contributes generously each year to the Building on Excellence Campaign, and more specifically to the Building Fund. The law school is fortunate to have Nathan and his wife Sheree as staunch supporters of the Campaign. Their leadership giving continues to inspire other alumni to participate in the law school’s milestone Campaign.
Gerard H. Cohen (’62), a Dean’s Advisory Board member and staunch supporter of the law school, increased his $500,000 Building Fund pledge last June to a $750,000 commitment. In addition, Gerry pledged $125,000 to the Law Fund, bringing his total Campaign commitment thus far to $875,000. The law school is most appreciative of this gift as it recognizes the importance of the Law Fund in the context of the Campaign. Dean O’Rourke relies on the Law Fund to provide critical funding for the School’s most pressing needs, primarily financial aid.
Leo Cushing (’85) is a founding partner at Cushing & Dolan PC in Waltham, MA, and law lecturer in the School’s Graduate Tax Program. Leo and his wife, Janice, made a $250,000 gift in memory of Janice’s dad, William P. Franzese (’53), to the Building Fund. Gifts in memory of a person help perpetuate the life of a significant and special person in the life of the law school. We are honored to have Mr. Franzese memorialized at the School.
Another wonderful gift supporting the law school’s Campaign priority was Ken Morrison (’83), who graciously increased his campaign pledge by $250,000 to $750,000 in support of the Building Fund. Ken has been a Dean’s Advisory Board member since 2010, and continues to play a pivotal role in not only the law school’s Campaign, but also that of the University’s campaign, Choose to be Great.
Finally, although the results of our efforts raising unrestricted gifts to the Law Fund in FY13 are presented later in this annual report, the law school would like to give special recognition to those donors who generously contribute such support annually at the President’s Associates ($10,000 to $24,999) and President’s Circle ($25,000 or more) levels and are delighted to begin celebrating this society of unrestricted donors as part of our published report of the Fund’s activities.
Cristine C. More, CFRE
Director of Advancement
Boston University School of Law