The First 7 Years
The Future
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In the last two years alone, we’ve made significant investments in our programs, colleges, and physical infrastructure, from a $65M student services center to a $31M manufacturing and engineering facility to a $30M residence on the Medical Campus. But thanks to prudent fiscal planning, our vitality is not driven by a single financial mechanism. Since 2007, we’ve generated reserves of almost $900M for reinvestment in the University, invested our endowment carefully, and crafted an operating budget with deliberation and forethought, striving to create value from every dollar spent.
Along with a few million-dollar-plus donors, we invested heavily in building a new student services and career center. The 120,000-square-foot facility is dedicated to supporting students academically and helping them prepare for life after college. And there’s an eclectic, multi-floor dining hall, bakery and coffee shop, and late-night kitchen.
Combining engineering with innovation and budding entrepreneurs led to a new engineering and manufacturing facility—EPIC. Open 24/7, the 15,000-square-foot center fronting Comm. Ave. offers a wealth of resources: computer-aided manufacturing technology, 3-D printers, laser processors, a robotic assembly line, a metal foundry, a carpentry shop, a materials lab, and other machining tools.
In March 2015, the Boston University School of Management became the Questrom School of Business, thanks to Allen Questrom (’64) and his wife, Kelli. New professorships and plans for an executive education center are just the beginning of how their gift will continue the School’s focus on exceptional outcomes in both research and teaching.
And this is important because, no matter the economic climate, our work must continue. We need additional outstanding residential facilities and technology-rich classrooms. We need an endowed student organization fund to ensure that, even in lean budget years, our undergraduates can continue to dream big and pursue good ideas. And we need to keep doing more of what we do well. Namely, supporting research and facilitating collaborations across boundaries that have led to new ideas in fields across the University.
And that’s where the Campaign for Boston University comes in. We’re halfway through the timeline of our first-ever, $1B comprehensive fundraising effort, and thanks to the generosity of 100,000 donors so far, we’re closer to our goal than we expected: over $800M to date. Among other things, these funds are bolstering financial aid for undergraduates and graduates, helping build significant research space for interdisciplinary collaborations, strengthening key colleges, and attracting and retaining world-class faculty.
With this kind of robust investment by friends and alums of the University, along with our strategically crafted budget and operational planning, we know that the next phase in BU’s ongoing evolution will be more exciting than ever.