| Thanks
to strong connections with the Baltimore
business community, UMBC has exceeded its
first-ever capital campaign goal and ended
the five-year Campaign for UMBC by raising
more than $66 million—including an
$18 million endowment, up from less than
$3 million.
With
a small and relatively young alumni base
and little tradition of giving, UMBC set
the bar high when it embarked on a $50 million
quest. But President Freeman Hrabowski started
the momentum, recruiting “a host of
movers and shakers” to the President’s
Board of Visitors, thus expanding UMBC’s
circle of supporters.
Among
those who shared the vision of UMBC’s
future were Earl Linehan, president of Woodbrook
Capital, Inc., and George Sherman, then
the president and CEO of Danaher Corporation
and now chairman of the board of directors
of the Campbell Soup Company. Neither had
any existing connections to UMBC but became
co-chairs of the campaign.
“I
am not an alumnus, but I knew that UMBC
was on a path to becoming a great institution,
and I wanted to be a part of its drive for
success by helping it to secure endowment
funds for scholarships, fellowships, and
costly technology, which are vital to the
success of students today and tomorrow,”
Linehan says.
Linehan
and his wife, Darielle, were among the campaign’s
leaders, giving $1 million to support the
Earl and Darielle Linehan Artist Scholars
Program, merit scholarships for talented
undergraduates majoring in visual and performing
arts with a strong record of academic achievement.
George
and Betsy Sherman’s campaign gift
established a $500,000 endowment for high-achieving
engineering and computer science students
who demonstrate a commitment to the advancement
of minorities in these fields. Their most
recent gift to the University, made after
the campaign ended, is a $1 million commitment
that will create the Sherman Family Teacher
Scholars Program to attract outstanding
students to the profession.
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