Category: Campaign Newsletter, Issue 8
The good news
Crowdfunding at BU
Since BU Crowdfunding was launched last spring, students and faculty have run a dozen campaigns—raising funds for a cappella groups and building an app for Syrian refugees. The BU Dance Team crowdfunded their attendance at the Collegiate National Championships in Daytona, FL, where they captured the Division I national title.
University Is 32nd in U.S. News global rankings
BU is 32nd in this year’s rankings of global universities by U.S. News & World Report. The University maintained the same standing earned in last year’s ranking despite the increased competition from a pool of universities that was expanded by one third. The latest ranking looked at 1,000 schools from 65 nations.
The University also earned high marks in several academic disciplines. Out of 200 programs assessed, BU ranked 38th in neuroscience and behavior, 43rd in molecular biology and genetics, and 56th in immunology. Out of 400 programs, BU ranked 26th in physics and 63rd in biology and biochemistry.
BU Grads Ranked among the World’s Most Employable
In November, the employability of BU graduates was ranked 11th in the world and 7th in the nation in a report published in Times Higher Education. The Global University Employability Ranking 2016 was designed by French human resources company Emerging, which sent an online survey asking the opinions of thousands of recruiters at a management level and of managing directors of international companies.
Three new rankings show BU’s luster
Boston University added to its high grades in the U.S. News rankings with those from the Wall Street Journal, Reuters, and Forbes, all based on different criteria.
In the inaugural Wall Street Journal/Times Higher Education College Rankings, the University was named 42nd overall in the United States, based on metrics that valued student outcomes, resources, and engagement. The Reuters ranking of the world’s most innovative universities boosted BU 18 places from last year’s position to this year’s spot at 41st. And in a first-ever ranking by Forbes, the University was named the 17th best college in the United States for international students.
BU professor selected to lead $350 million partnership to combat antibiotic-resistant “superbugs”
Emerging antibiotic-resistant superbugs are today outstripping the supply of new drugs to treat deadly bacterial infections. As part of its effort to tackle the problem, the United States Department of Health and Human Services has selected the Boston University School of Law—and Kevin Outterson, the N. Neal Pike Scholar in Health and Disability Law—to lead a novel $350 million trans-Atlantic, public-private partnership to spur the preclinical development of new antibiotics and antimicrobial rapid diagnostics and vaccines. The partnership is called Com-bating Antibiotic-Resistant Bacteria Biopharmaceutical Accelerator, or CARB-X, and Outterson is its executive director.
Gifts of all sizes are appreciated by BU. Here we honor those who have made commitments of $100,000 or more to the campaign between April 21 and November 8, 2016. To see a list of all donors of $10,000 or more to the campaign, visit our donor rosters.
Aethlon Medical, Inc.
Alzheimer’s Drug Discovery Foundation American Cancer Society
American Thoracic Society
Bayer Pharma Ag
Llewellyn N. Belcourt (Questrom’53)
Gayle R. Berg (SAR’74)
Jose A. Blanco
Richard J. Cavell (MED’61)
Raj K. Chandaria (Questrom’86)
Hsi Pin Chen (MED’96, SPH’91, CAS’89) Climateworks Foundation
Samuel M. Cummins
Cure Alzheimer’s Fund
Cystic Fibrosis Foundation
Shamim A. Dahod (MED’87, CAS’78, CGS’76) Dairy Management, Inc.
Lawrence F. DePaulis (ENG’99)
Robert I. Evans (COM’68, SED’71)
Evans Medical Foundation, Inc.
Flatley Discovery Lab LLC
Focused Ultrasound Surgery Foundation
GE Healthcare, Inc.
Ralph H. Groce, III (Questrom ’80,’82)
The Hartwell Foundation
Juvenile Diabetes Research Foundation
The Robert Wood Johnson Foundation
W. K. Kellogg Foundation
Mary Kay Foundation
Hassan and Fariba Kheradmandan
Joseph J. Konefal (MED’77)
Stanley H. Konefal (MED’47)
Lilly Endowment Inc.
Henry Luce Foundation Inc.
Michael J. Lyons (Questrom’81)
The John D. and Catherine T. MacArthur Foundation Margaret M. Marin (CFA’62)
Mass Lions Eye Research Fund
Christopher J. Matchett (CAS’86)
James S. McDonnell Foundation
Thomas D. McKiernan (CAS’42)
Andrew W. Mellon Foundation
Charles Stewart Mott Foundation
Muscular Dystrophy Association
Novartis Institutes for Biomedical Research Inc. PharmAkea
Mohindar Singh Puar (GRS’66)
Red Hat, Inc.
Sharon Goode Ryan (SAR’70)
Sanofi-Aventis, U.S. LLC
Sandoz International Gmgh
St. Baldrick’s Foundation
Sanjay K. Kothari
Ralph L. Sacco (MED’83)
J. T. Tai & Co. Foundation, Inc.
The John Templeton Foundation
The Wildflower Foundation, Inc.
The William Wood Foundation
Bob Woodruff Foundation
Cecilia T. (CAS’59), James W., Lisa G., and John J. Ying Zoetis, Inc
Dear friend of Boston University,
The fiscal year closed, the dust settled, and now I can report some excellent Campaign-related news.
This past year, we achieved a new level in cash giving to the University, raising a record $157 million—up 7.5 percent over the previous fiscal year. Meanwhile, alumni participation remained strong, with 10.3 percent of our alumni making a gift last year, which resulted in Annual Fund growth of 15 percent to $20.9 million.
The Campaign is also having a huge impact on faculty development: one of President Brown’s key goals. At the moment, we have collectively funded some 71 faculty positions through the Campaign. This includes Career Development Professorships, which provide support to outstanding young researchers. Before the Campaign, there were none; now there are 25.
There’s lots more good news, especially when you look over the life of the Campaign. This issue of our newsletter provides a summary of overall Campaign impact. If you’re like me—and I’m sure you are!—you find this kind of list motivational. You say to yourself, Fantastic! What else can we do for BU?
Let’s keep working together to answer that question.
Kenneth J. Feld (Questrom’70)
Chairman and CEO, FELD Entertainment, Inc.
Chairman of the Board of Trustees, Boston University
October 7–8, 2016, Seoul, Korea
It was the largest-ever alumni gathering outside the U.S. On October 7 and 8, 250 Boston University alumni and friends from 12 Asian countries gathered in Seoul, Korea, to meet, renew friendships and connections, and reaffirm their mutual interests in BU. Thanks to the planning of the BU Alumni Association of Korea, led this year by Young-Chun Cho (Questrom’80,’86), the event was a celebration of ten years of active collaboration among University alumni in Asia—those located the farthest in the world from the BU campus. The festival is held every other year, alternating with the Asian Business Forum.
Guests at the festival included BU President Robert A. Brown and members of BU’s International Advisory Board and the Questrom Dean’s Asia Advisory Board. They joined alumni at a gala dinner for 150 people at Top Cloud, a well-known restaurant overlooking the city of Seoul from 32 stories high.
The centerpiece of the event was the daylong festival held on man-made Gavit Island in the Han River. It featured two videos, one of which, “What Does BU Means to You?,” was produced by volunteer alumni in Seoul and featured Korean alumni speaking about the impact that BU continues to have on their lives, friendships, and work. The second video, “A Tribute to Korean Alumni,” detailed the University’s apprecia-tion for Korean alumni, who comprise BU’s most active alumni group in the world. Also celebrated was the news that 64 members of the BU Alumni Association of Korea have joined together to make a gift to support the transformation of the BU Castle into the BU Alumni Center; the restored gallery of the Center will be named in the group’s honor.
BU extended special thanks to Cho and to members of his festival planning team: Jed Barron (Questrom’96), Sang Gi Byeon (CAS’01), Jisung Chun (Questrom’06), Jung Woo Park (SHA’15), and Sungho Yoo (Questrom’99).
(Click photos to expand.)
Four years in, and the results are impressive
This past September, The Campaign for Boston University reached a quiet milestone: the end of its fourth full year since the launch of the campaign’s public phase, and the beginning of its fifth. On its original timetable, the campaign would have ended in 2017; with the raising of the campaign goal to $1.5 billion and the extension of its timeline this past spring by the Trustees, BU’s first comprehensive fundraising effort is now scheduled to wrap up in 2019.
More than halfway to the finish line, what have the campaign and its supporters accomplished so far? The answer: a great deal.
Perhaps the best way to summarize that progress is to look back to goals articulated by President Robert A. Brown and his faculty colleagues in the strategic plan that was completed in 2007. From 50,000 feet, how has the campaign helped advance those goals?
Strengthening the quality of the faculty
Nearly six dozen new faculty positions have been created as a result of donor generosity. Many have been concentrated in our larger professional schools, but almost all schools have benefited. One notable achievement: The College of Communication began the campaign with no endowed chairs; today it has five. At COM and elsewhere, these are essential tools for faculty recruitment and retention.
Enhancing the excellence of our undergraduate education
One of the early successes in the campaign came at the College of Fine Arts, where generous donors supported the replacement and expansion of music studios to 120: the largest installation of Wenger modular practice rooms in the country.
The innovative Century Challenge has so far raised more than $20 million for endowed scholarships.
Part of ensuring undergraduate excellence is to provide sufficient funding to enable all qualified students to enroll. Through the innovative Century Challenge—a unique program in which the yield on donors’ endowed scholarships is matched by BU—has so far raised more than $20 million. We should also underscore the generosity of Ernestine O’Connell (CAS’43, GRS’46, SED’58), whose $7.4 million bequest greatly expanded the already significant scholarship program that bears her family’s name.
The establishment of the Kilachand Honors College—made possible through the generosity of BU Trustee Rajen Kilachand (Questrom’74, Hon.’14)—created a new home for some of our most accomplished, curious, and intellectually rigorous undergraduates. One measure of their dedication to academic excellence: Almost 95 percent of the inaugural Kilachand class—the Class of 2014—graduated with honors.
Strengthening the undergraduate experience
A generous gift from the Yawkey Foundations to support undergraduate nonprofit internships—combined with gifts from the late Arthur Marciano (DGE’49, COM’51) and from Trustee Sharon Ryan (SAR’70) and her husband Robert—helped BU complete and implement new programs in what is now called the Yawkey Center for Student Services: a 120,000-square-foot facility dedicated to helping students succeed during and after their time at BU.
Extracurricular activities and club and varsity sports got an important boost with the completion of New Balance Field, made possible through the generosity of the New Balance Corporation and several strong supporters of BU Athletics among our alumni population. This new facility literally doubled the playing-field space available to the BU community.
Elevating key professional schools
In this very active realm, we have room in these pages for just three headline stories, though many more could be added here. The biggest came in March 2015, when the BU School of Management became the Questrom School of Business, thanks to the extraordinary $50 million gift from Allen Questrom (Questrom’64, Hon.’15) and his wife Kelli (Hon.’15). Their gift funds 10 professorships and provides seed money for a much-needed new facility.
Another dramatic change came at our School of Law, where long-deferred dreams of a campus transformation were finally realized. Many alumni joined together to help in that transformation—an effort that was greatly aided by a remarkable $18 million gift from media mogul (and former part-time LAW faculty member) Sumner Redstone. The new Redstone Building made possible the complete renovation of the Law Tower, including moving most of the School’s classrooms down to ground level.
Finally, on the Medical Campus, the completion of the Medical Student Residence brought a dramatic change in the quality of our medical students’ lives—in terms of affordability, security, and proximity to the School of Medicine. An incidental but welcome by-product of this broadly based philanthropic effort: an enhanced posture for the School in the competition for the best students.
Fortifying our commitment to interdisciplinary research
The first major story on this front came early in the campaign, when then-Overseer (and now Trustee) Shamim Dahod (CGS’76, CAS’78, MED’87) and her husband Ashraf gave $10.5 million—then the largest gift in the history of the School of Medicine—to establish a Breast Cancer Research Center.
One of the largest gifts in the history of the School of Medicine established a Breast Cancer Research Center.
In 2014, an anonymous $12.5 million gift created the Center for Innovation in Social Work and Health, a new BU center devoted to melding social work and public health science, effectively bringing a social-work perspective to a new home on the Medical Campus.
Most recently, Richard C. Shipley (Questrom’68,’72)—with his family, longtime supporters of BU—made a $10.5 million gift to establish a Prostate Cancer Research Center on the Medical Campus, aimed at focusing on personalized medicine and genomic approaches to better distinguish among different kinds of prostate cancers.
Solidifying our leadership as an urban and global university
The most dramatic news on this front came in 2014, when Frederick S. Pardee (Questrom’54, Hon.’06) gave a $25 million gift to endow a new BU school built on his dream of advancing global human progress. The gift brought Pardee’s lifetime giving to almost $40 million, the most of any BU supporter up to that point.
Also notable here was Indonesian businessman (and BU parent) Harry Susilo, who in 2014 endowed an Institute for Ethics in the Global Economy, based at the Questrom School of Business. Among other goals, the Institute is fostering collaboration among Questrom faculty and peers from universities across Asia.
All of this is substantial progress, indeed, prompting at least three other important benefits. The first is in the rankings, which—whether they like it or not—all colleges and universities have to pay attention to. BU as a whole, along with certain programs in our graduate and professional schools, have steadily improved their rankings in the past decade. (The School of Public Health recently received a 10th place in national rankings from U.S. News & World Report—its third consecutive rise in a row!) How is this a fundraising-related story? Alumni participation in fund drives is considered a proxy for overall student and alumni satisfaction with their alma mater. When giving goes up, rankings often follow. In fact, as of late October, 135,023 individuals had contributed to the campaign—in other words, more than one out of every three BU alumni. This is one compelling reason why every gift, no matter how big or small, matters.
A second macro-benefit comes in the arcane but important realm of bond ratings, which help determine the cost of capital borrowing for BU and other institutions. BU’s bond rating has been upgraded four times in the past decade, in a period when other schools’ ratings have remained flat or been downgraded. One reason for BU’s upgrades, according to the ratings agencies: the notable success of its fundraising drive.
And third is the emergence of a community of philanthropy. Until recently, BU’s alumni and other friends had not been solicited in any organized or effective way. Now they have been, and they have responded with spectacular generosity.
To cite one example: The William Fairfield Warren Society, named for BU’s first president, recognizes those leaders who have made gifts to BU totaling $1 million or more over their lifetimes. Before the beginning of the campaign, there were only a handful of such generous individual donors. Since the campaign’s kickoff, there have been 173 commitments of $1 million or more from individuals, foundations, and corporations, for a total of $690.6 million.
To date, 11.5 percent of the campaign total—more than $125 million—has come from international donors.
In effect, a new community has emerged among BU alumni and other friends: a community of informed philanthropists, both in the U.S. and around the world. (To date, 11.5 percent of the campaign total—more than $125 million—has come from international donors!) These are donors of gifts at all levels, both large and small, who understand and support the University’s priorities, and who are eager to support BU’s mission. They include brand-new donors, as well as members of the Loyal Circle: those 700-plus individuals who have given back to BU every single year since earning their degrees.
This broad base of support—large and small, new and ongoing—bodes well for the successful completion of The Campaign for Boston University, and for the future of the University.