The expansion will include the creation of a vice president for development and five associate vice president positions to assist Senior Vice President for University Relations Mary Lou DeLong in all areas of University fund-raising.
"This expansion initiative is designed to advance BC's development effort to the next level so that we have the staff power necessary to meet our fund-raising goals," said University Trustee John Connors Jr., co-chair of the "Ever to Excel" campaign. "Through our research, we are finding alumni and parents who have the financial resources to support the University in a significant way. We need the staff in place who can encourage them to maximize their gift potential."
Added Patrick Carney, chairman of the Board of Trustees development committee, "We currently have a billion-dollar endowment, but we need to double it to remain competitive within the marketplace. During the next two decades, American society will experience the greatest intergenerational transfer of wealth in history. The more people we have making requests, the more we will receive, which will only add to BC's excellence."
BC administrators have pointed to the recent billion-dollar capital campaigns at competitor universities such as Notre Dame, Georgetown, Michigan, Columbia, and Duke as examples for Boston College to emulate. The common denominator of these universities, they say, is a larger development staff that is equipped with the personnel and research tools needed to secure seven and eight-figure gifts.
"When we have completed this expansion, our development operation will resemble those of universities that have finished billion-dollar campaigns," said DeLong. "The academic needs at Boston College are great, and we have to make this investment now to address these needs and other priorities of the University."
"We are clearly at a crucial juncture in the University's history," said University President William P. Leahy, SJ. "We need additional resources to maintain our position as one of the nation's premier universities, and those funds can only be raised if we have sufficient staff in place. We simply must invest in our fund-raising operation, and doing so will yield benefits for Boston College for years to come."
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