Faculty Celebrates Initiative Campaign Faculty from all divisions met at Homewood Sept. 30 for a reception and briefing on the Johns Hopkins Initiative, the campaign for the university and the Johns Hopkins Health System launched officially the next day. Morris W. Offit, chair of the board of trustees, and Michael Bloomberg, chair of the campaign, hosted the event. They said faculty advice had been essential to the setting of campaign priorities and that faculty involvement would remain essential to the Initiative's success. "You are the very best," Bloomberg said. Provost Joseph Cooper discussed the campaign's $900 million goal, including $525 million for facilities and critically needed endowment. President William C. Richardson said the concentration on endowment is essential to the long-term health of the university, but that the impact of endowment gifts is less immediate than that of gifts meant to be spent rather than invested. "Endowment has its greatest impact in the long run," Dr. Richardson said. "It has long-lasting impact, and we and the generations who succeed us will benefit in so many ways."
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