In October, UM formally launched a $200 million capital campaign designed to build on the successes of the past 10 years.
MomentUM: A Campaign for The University of Mississippi, has already attracted more than $160.7 million in private gifts from individuals, corporations and foundations. During the "quiet phase" of the campaign, which began in January 2005, more than 39,200 people contributed or made pledges. Alumni Mike Glenn (BA 77), Sam (BA 77) and Mary Donnelly Haskell (BA 81) and Deuce McAllister (00) are co-chairs of the campaign.
The funds will help complete a cancer center at The University of Mississippi Medical Center in Jackson, build a new law school and residential colleges on the Oxford campus, establish a new school of journalism and build a new basketball practice facility. Funds will also be used for faculty salaries, scholarships and graduate stipends.
During the past 10 years, state funding for the university has decreased dramatically, falling from 40 percent to 17 percent. Meanwhile, enrollment has ballooned by more than 4,000 students, putting a strain on resources. As a result, UM relies on private support now more than ever.
"Private funding will provide the margin of excellence we are relentlessly pursuing," Chancellor Robert Khayat said. "Our alumni and friends are happy to invest in the university and continue our momentum. With their help, we will have the resources we need to become an even greater American public university."
For more information on the MomentUM campaign, visit www.news.olemiss.edu or www.olemiss.edu/momentum.
