06/13/91

CONTACT: Stanford University News Service (650) 723-2558

Centennial Campaign surpasses goal of raising $1.1 billion

STANFORD--Stanford University's 52-month old Centennial Campaign has reached one of its goals -- raising a record-setting $1.1 billion for academic enhancements.

The batch of gifts that pushed the campaign total over the $1.1 billion mark on Monday, June 10, included:

• $100,000 for financial aid, from Carolyn and Carl Franklin of Los Angeles, whose family holds a total of eight Stanford degrees. Carl Franklin is a vice president for legal affairs at the University of Southern California.
• $3,000 from a Zurich, Switzerland, bank in memory of one of its former employees, a 1987 graduate of the Graduate School of Business. The gift will benefit the business school.
• $500 from a Menlo Park man to provide financial aid to student athletes.
• $10 from a San Mateo woman to benefit the Stanford Historical Society.
• $25 from a Woodstock, N. Y., couple with a matching grant from IBM Corp. Many corporations have programs to match employee charitable contributions.

"These particular gifts are typical of the overall pattern of the campaign," said John Ford, vice president for development. "People have a wide range of interests in and connections to Stanford. Gifts of all sizes have had an impact on this campaign."

There are still eight months left to the campaign, and Stanford will use that time to achieve other specific goals, Ford said. Because donors usually designate their gifts for particular uses, some of the university's top building and academic program priorities have not reached their individual fundraising goals. Overall, as of June 10, 86 percent of the funds had been raised for Stanford's top program priorities.

Stanford became the first university to set its sights on raising more than $1 billion when, in February, 1987, it announced the Centennial Campaign timed to coincide with Stanford's 100th year in 1991.

Since 1987, three others -- the University of Pennsylvania, Columbia and Cornell -- have announced campaign goals in the $1 billion-plus category. Harvard is expected to do so soon.

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