Office of Public Affairs

(315) 312-2265


March 24, 2004


CONTACT: Kevin Mahaney, 312-5558


COLLEGE TO PARTICIPATE IN $3 BILLION CHALLENGE

    OSWEGO -- The State University of New York launched a $3 billion fund-raising challenge, when Chancellor Robert L. King met with the board of trustees in March, and SUNY Oswego is planning to meet its share of the challenge.

    The $1 billion that the 64 campuses raised between 2000 and 2003 counts as the foundation for SUNY's new "$3 Billion Challenge." The second phase is projected to raise an additional $2 billion in increased support from corporations, foundations and individuals between now and 2012 based on fund-raising targets at each of the 64 campuses.

    Oswego's share of the system-wide $2 billion goal is $20.25 million. "All the money raised by the campuses will remain on the campuses to be used for scholarships, endowed faculty chairs, investments in new equipment and technologies, research and other campus-based initiatives," King said.

    Oswego is organizing its first comprehensive campaign, with plans for a public kickoff next fall, said Kevin Mahaney, Oswego's vice president for development and public affairs. The two largest gifts in college history -- $2.2 million from Charles Wiley, a 1922 graduate, and $1 million from the late Girgis Ghobrial, emeritus professor -- got Oswego's campaign off to a promising start, Mahaney said.

    King credited SUNY presidents and staff with tremendous growth in philanthropy for the campuses. Giving across SUNY increased 14 percent in 2002 and 60 percent in 2003.

    "Philanthropy will provide that margin of excellence, which will propel this university to the front rank of public higher education in America," the chancellor said.

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