Record-breaking fundraising year boosts programs, faculty support, scholarships, and facilities
Through the generosity of alumni, corporate partners, and friends, the School of Hotel Administration had a record-breaking fundraising year in 2011-12. Gifts were dedicated to funding new initiatives, providing additional scholarships to students, and supporting faculty renewal and research.
Highlights and featured gifts
- With $19.6 million in new gifts and gift commitments, we reached our highest one-year gift total and surpassed our goal of $9.6 million.
- The annual fund reached its highest total ever at $1.44 million.
- The average gift to the school was $11,719, the highest ever for a single giving year.
Baker Program in Real Estate
Richard ’88 and Lisa Baker made a gift in April to restructure the Cornell Program in Real Estate (PRE). The renamed Baker Program in Real Estate is now housed in and governed by SHA and the College of Architecture, Art, and Planning—the two Cornell schools most directly aligned with teaching, research, and professional careers in the field of real estate. The gift more than tripled the PRE's previous $5 million endowment. The Bakers’ total gift was $12 million and included $1 million for the Herbert F. Johnson Museum of Art.
Bradley Stone ’77 made a $500,000 gift to establish the Stone Family Faculty Fellowship. With many senior faculty members set to retire in the coming decade, faculty fellowships allow us to hire new outstanding PhDs in advance of position openings. The school is seeking gifts to fund four more fellowships before 2015 to help replenish the faculty as the best candidates become available.
SHA raised more than $3 million this year for new endowed scholarships or new commitments to existing endowed scholarships. These gifts help us maintain our policies of need-blind admissions and need-based financial aid, making it possible to admit students solely on the basis of their potential.
Marriott Student Learning Center
Building upon last year’s lead gift from the J. Willard and Alice S. Marriott Foundation, fundraising for the Marriott Student Learning Center continued. Navin Dimond P ’14, Kirk Kinsell MPS ’80, and Shirley Rodriguez ’57 are among the donors who have given gifts to name spaces within the center. The project, which will be completed in time for the fall 2012 semester, will transform the Nestlé Library, the George B. Mallory ’54 Student Lounge, and the World Atrium into a fully digitized information center with optimized study and meeting space. As technological innovations and developing curricula change the way students learn, the Marriott Student Learning Center will provide Hotelies with the equipment and space they need to succeed.
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