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With the "public phase" of Reveille
off to such a grand beginning, many in the VMI Family who have questions
about this ambitious fundraising campaign for VMI. We hope the dozen
questions & answers below will help all members of the VMI Family
better understand the purposes of Reveille.
What is Reveille: A Call to Excel?
Simply put, Reveille is a five-year public fundraising
campaign that will provide VMI the resources it needs to strengthen its
singular mode of education and thus ensure that VMI maintains its
reputation for providing an outstanding academic preparation for life
and its legacy of producing leaders of integrity, discipline, and
confidence. In financial terms, the goal of this effort is a total of $175
million in gifts and commitments.
VMI is a state-supported school. Why does it need such an
ambitious fundraising program?
Most alumni, faculty, staff, families, and friends understand that
appropriations from the Commonwealth of Virginia do not cover all or
even a majority of the educational and operational costs of VMI. In
Fiscal Year 2000, only about one third of VMI’s income was "State
General Funds." Tuition and fees and private support from various
sources (endowments and the Foundation Fund) each made up one-third of
the rest of VMI’s budget. But, Reveille is not about making
sure VMI can make ends meet this year or over the next few years, it is
about ensuring that VMI has the means to assure itself of that extra
measure of excellence necessary to ensure its future is as illustrious
as its past.
Still, that’s a lot of money. Doesn’t VMI already have a large
endowment?
Thanks to generous donors and prudent management, VMI now has the
largest per-student endowment of any public college in the United
States. In the future, however, the task of providing the high quality
education that the young people who accept VMI’s extraordinary
challenges deserve will be more expensive than it has been in the past.
The resources raised through Reveille are vital, therefore, if
VMI is to provide a challenging education that is consistently "on
the cutting edge."
Will all of the money raised through Reveille be devoted to
academics?
Ever since it was founded in 1839 as the nation’s first
state-supported military college, VMI has prepared its graduates to be
leaders in "the varied walks of civil life." The Institute,
therefore, has always embraced a definition of education that goes far
beyond the classroom. So, many of the resources raised through Reveille
are earmarked for purposes not directly related to academics.
How will the money be designated for use?
As previously stated, VMI has a broader definition of
"education" than most other schools, Reveille’s goals
include $25 million for VMI’s renowned intercollegiate
athletics program and another $25 million to boost VMI’s
celebrated co-curriculum which is centered around its honor, class, and
military systems and Barracks life. The primary thrust of Reveille,
however, will be to elevate VMI’s academic reputation among its peer
institutions by ensuring that every cadet receives an undeniably
superior undergraduate education. The lion’s share of Reveille--$100
million—will be devoted to academics.
That’s $150 million. What about the other $25 million?
The need for immediate support of VMI’s programs and for the
unrestricted funds that will allow VMI to take advantage of
opportunities and respond to challenges will not diminish during the
life span of Reveille. This campaign, therefore, includes a goal
of $25 million in donations to the programs under the umbrella of
VMI’s Annual Giving program—the Foundation Fund, the Keydet Club
Scholarship Fund, and the Athletic Operations Fund.
What will that $100 million for VMI’s academic program fund?
Many of VMI’s current academic programs will benefit from Reveille—for
example, scholarships for cadets and the professional development
assistance for the faculty. There also are new programs that Reveille
will help bring to fruition such as Center for International Programs
that will boost cadets’ understanding of the world’s other nations,
peoples, and cultures and thus make them more effective leaders in a
world made "smaller" by technology and trade. Reveille
also will help bring new and ever-evolving technologies to Post.
Most fundraising campaigns have a "quiet phase." How did
Reveille fare during its "quiet phase"?
The "quiet phase" of Reveille began on July 1, 1998.
During this period, the response was magnificent in the number and
generosity of donors. So much so that at the official kick-off for
Reveille—the Parade Ground Dinner on October 21st—the chairman of Reveille,
Mr. George G. Phillips, Jr. ’60, was able to announce that donations
and commitments to Reveille totaled $109 million.
That’s an impressive number. Any gifts that stand out?
Within that $109 million are two commitments of $20 million each from
Mr. and Mrs. Thomas A. Saunders III ’58 of New York City and another
donor. All in all, Reveille received 22 gifts and commitments of
$1 million or more. The Faculty and Staff Campaign’s results are
remarkable, too. As of 20 October, full-time, part-time, and retired
faculty and staff had given and pledged $750,000. In an amazing show of
support to VMI, more than 94% of VMI’s employees made a donation to Reveille.
Who is expected to give to Reveille?
To be successful, Reveille will need the participation of the
entire VMI family—its alumni, parents, and friends. We also are
mindful that, for a number of reasons, VMI has a great store of goodwill
among a great many individuals, corporations, and foundations who do not
have a close connection to the Institute. They admire VMI’s
traditions, its steadfast dedication to its high standards, and the
character of its cadets and graduates. We are hopeful that everyone will
respond to Reveille and donate to this worthwhile cause.
Are you counting on small or large donations to ensure the success
of Reveille?
Admittedly, it is a cliché, but truly every gift counts. For
example, in Fiscal Year 2000, VMI’s Annual Giving program took in more
than $3.3 million, money that was put to work immediately for VMI. The
vast majority of these donations came from donors who gave relatively
small amounts. More important to judging the importance of these donors
is that it would take more than $60 million in endowments to
generate the same amount we received from our Annual Giving donors.
To find out how best you can serve, call the VMI Alumni Agencies at
800.444.1839. Ask for Buddy Bryan ’71 (ext. 236),
Louise Dooley
(ext.238), Kelly
Underwood '00 (ext. 243),or Meade King ’85 (ext. 244) at the VMI Foundation; at the
VMI Keydet Club, Greg Cavallaro ’84 (ext. 237) and
Donnie Ross ’74
(ext. 233) can answer your questions about Reveille. More
information is available at the Q & A
page.
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