San Diego State University announced today the creation of a philanthropic foundation designed to move it into the ranks of the nation's leading public universities. The Campanile Foundation, named for the campus' most identifiable landmark and a symbol of community that dates back to the middle ages, will cultivate and manage private gifts and philanthropy to support the academic mission of California's second-largest university.
A board of directors comprised of some of San Diego's most prominent business and civic leaders will be charged with providing the community oversight and expertise necessary for major gift philanthropy. The board of directors will be inducted Thursday in a brief ceremony at the KPBS studios on the SDSU campus.
"We are honored that such a distinguished group of community leaders supports our commitment to make San Diego State University one of the nation's premier universities," said SDSU President Stephen L. Weber. "Ours is a campus of enormous academic and research potential that easily outpaces current resources. The Campanile Foundation will make it possible for us to realize that potential by developing philanthropic opportunities in support of academic programs and enhancing the student learning environment. It will compliment the efforts of the SDSU Foundation, which has a successful track record managing grants, contracts and real estate properties."
Weber pointed to figures released by the Council for Advancement and Support of Education to demonstrate the need for increased private funding at SDSU. Universities designated by the Carnegie Foundation as "Research II" institutions raised $1,382 per student in 1997-98. SDSU raised $995 per student in the same time period.
"The Foundation is a marvelous start in making a fine institution even better," said Jack Goodall, chairman of Jack in the Box, Inc., and a Campanile Foundation board member. "Helping SDSU reach its ambitious academic and research goals is good for our entire community."
The foundation will be headed by SDSU's Vice President for University Advancement Theresa Mendoza, who will serve as CEO. Dr. Allan Bailey, former dean of the College of Business, will serve as the foundation's chief financial officer.
The Campanile Foundation will hit the ground running. The University reported an eight-percent increase in private gifts in the 1998-99 academic year, momentum, Weber said, that is important to maintain.
"We're doing well, but there is much more to do in this area. We raised $32.3 million in 1998-99. By the 2003-4 academic year, we expect that figure to more than double to $80.8 million.
"This is an enormous undertaking," Weber concluded. "We've worked long and hard to get the right people in place to create the opportunity that lies ahead of us. It is an exciting time at SDSU."
San Diego State University is the oldest and largest higher education institution in the San Diego region. Founded as a teacher-training program in 1897, it has grown to offer bachelor's degrees in 76 areas, master's degrees in 58 and doctorates in 11.
Public Affairs Offices/Campus News