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FAU capital campaign on hold

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FAU capital campaign on hold

“The status of the foundation is we’re operational, but no where near where we were", said Randy Talbot, executive vice president for advancement and director of the FAU Foundation.

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Rick said

“The status of the foundation is we’re operational, but nowhere near where we were", said Randy Talbot, executive vice president for advancement and director of the FAU Foundation.

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That's to be expected in a recession I suppose. Perhaps a little more alarming is that I heard the state legislature suspended the matching gift program so that takes a lot of wind out of the sails there too.

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Re: FAU capital campaign on hold

owlcountry said

Perhaps a little more alarming is that I heard the state legislature suspended the matching gift program so that takes a lot of wind out of the sails there too.

I'm sure that is the reason the campaign was put on hold. Anything that is received while the gift matching is suspended won't be eligible in the future either. They probably have some big goals in mind and they want to make sure they maximize their effort by doubling the pledges with a state match. If they get some huge donations it would be a shame not to be able to double it. They will probably put the campaign back on line when the state matching is resumed.

FAU - THE REAL SLEEPING GIANT
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Re: FAU capital campaign on hold

Are we talking about capital improvemnets to the school here?

If so, I cant beleive we could not use or "borrow" (to be repaid as soon a major donor is involved)the 10M needed to begin the Innovation Village projects, dorms and stadium, from a fund for making those very improvement or additions to the FAU campus.

We are all sitting here wondering, hoping and praying for progress while less than 10% of this fund is temporarily needed for the biggest capital improvment project in the history of the university sits and stalls!

One which will jump us forward in so many ways, from what we are precieved as being - Florida Atlantic Community College - to a true traditional college campus!

Wow, this is actually shocking to me!
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Re: FAU capital campaign on hold

GeorgiaOwl said

Are we talking about capital improvemnets to the school here?

If so, I cant beleive we could not use or "borrow" (to be repaid as soon a major donor is involved)the 10M needed to begin the Innovation Village projects, dorms and stadium, from a fund for making those very improvement or additions to the FAU campus.

I believe the Capital Campaign is used to reinforce academic programs. However, didn't the FAU Foundation lend some money to Athletics to jumpstart the football program?

P.S. I don't respond to guest posts. All guests are encouraged to register with the site.
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