The
$6 Million
Has Been Met!
Excellence A newsletter on Lovett’s Strategic Plan Issue 2 Spring 2010
Challenge
T
hanks to the generosity of an anonymous friend of the school, Lovett has received a $6 million gift for having raised more than $34 million toward the $42 million cost of our new Middle School, athletic and fine arts facilities, and campus renovations. This challenge gift is both the second largest donation in school history and the second largest donation to the current strategic fundraising effort, and will undoubtedly make a huge difference for the school. “This marvelous challenge has inspired volunteers and donors alike to stretch ever so generously in support of our school,” says Lovett Headmaster Billy Peebles. “The members of our Campaign Committee have worked tirelessly to tell our story, and our donors have responded to this challenge with magnificent support. We could not be more grateful, and we are excited about building momentum as we move to meet continuing strategic needs and opportunities.” Many groups contributed to this effort and we thank them all. Following is the participation breakdown by primary constituency: Board of Trustees: $20,370,160 (59%) Foundations:
$5,380,100 (16%)
Parents:
$5,043,841 (15%)
Alumni:
$2,213,574 (6%)
Friends:
$803,810 (2%)
Grandparents:
$314,751 (1%)
* Many donors fall into multiple constituency categories but were only counted in one category for this report.
Parents of Alumni, Faculty and Staff, and Corporations: $268,400 (Less than 1%) TOTAL
$34,394,636 (100%)
To realize all of the goals of the Strategic Plan will require new investments totaling $125 million; our preliminary goal is to raise $70 million by June 30, 2012. As of April 2010, $54.8 million has been raised toward this preliminary goal. n
B U I L D I N G
M O M E N T U M
Strategic Plan Fundraising Progress Preliminary Goal: $70 million*
Includes
•F aculty Support Includes and • Faculty Development Support and
Endowment Preliminary Goal: $25 Million
Development
Progress to date: $40.7 million
• Financial Aid • Financial Aid
•N ew • New Program Program Initiatives Initiatives
Facilities/Unrestricted Preliminary Goal: $45 Million
Progress to date: $14.1 million
* Completely funding Excellence in Learning, Character & Community could take as much as $125 million.
Includes •P ortman Family Includes Middle School • Portman
•B Family aseball Middle School and Softball • Complex Baseball and Softball
•M Complex ultipurpose • Field Multipurpose Field
•C ampus • Campus Renovations Renovations