The Johns Hopkins Institutions announced Saturday a $2 billion goal for a new fund-raising campaign to build and upgrade facilities on all Hopkins campuses, to strengthen endowment for student aid and faculty support, and to advance research, academic and clinical initiatives.
More than $728 million has already been committed to the effort, which will be called "The Johns Hopkins Campaign: Knowledge for the World" and will benefit both the university and The Johns Hopkins Hospital and Health System. Though the campaign is being publicly launched now, it has been accepting advance gifts since July 1, 2000. It will end in 2007.
"The generosity of people who believe in our mission has helped to make Johns Hopkins a world leader in research, education, patient care, and public service," said William R. Brody, president of the university. "Because the need for what Johns Hopkins contributes has never been greater, we are seeking significant new philanthropic investment to advance our efforts."
"We have an obligation to build on the momentum Johns Hopkins has established, to address pressing issues and newly emerging needs and opportunities," said Michael R. Bloomberg, outgoing chairman of the university board of trustees. Bloomberg and Raymond A. "Chip" Mason, chairman of Legg Mason Inc. in Baltimore, spoke to donors and friends of Johns Hopkins at a dinner Saturday evening in the university's Ralph S. O'Connor Recreation Center. Mason succeeds Bloomberg as chairman of the board on May 5.
The Johns Hopkins Campaign will benefit all of the university's academic divisions and several centers and institutes, said Robert R. Lindgren, vice president for development and alumni relations. Half of the $2 billion total goal is sought for priorities at Johns Hopkins Medicine, the collective name for the university's School of Medicine and The Johns Hopkins Hospital and Health System.
"The practice of medicine is far more complex than it was a century ago when the original Johns Hopkins Hospital was built," said Edward D. Miller, Baker Dean of the Medical Faculty and CEO of Johns Hopkins Medicine. "We need spaces that more closely integrate treatment, research and teaching and that are flexible and visionary enough to adapt to clinical, technological, and research advances that we cannot yet begin to imagine."
"New buildings are a critical need on the medical campus in East Baltimore," said Ronald R. Peterson, president of The Johns Hopkins Hospital and Health System. New research facilities, a new children's and maternal building, and a cardiovascular and critical care building are on the drawing board.
Improvement and expansion of facilities also are priorities of the Peabody Institute, which is in the midst of campuswide renovations; and the Krieger School of Arts and Sciences, which plans to renovate Gilman Hall, the first major academic building on the Homewood campus, completed in 1915.
"We also must continue to build our endowment for scholarships and professorships, research and programs," Lindgren said. "While private gifts in recent years have greatly strengthened Johns Hopkins' endowment, the annual income from endowment still provides a far smaller percentage of our operating costs than at many peer institutions."
Three Johns Hopkins trustees are heading the fund-raising effort: George L. Bunting Jr., president of Bunting Management Group and former chairman of Noxell Corp.; Gail J. McGovern, who recently stepped down as president of Fidelity Personal Investments in Boston to become a faculty member at the Harvard Business School; and J. Barclay Knapp, president and CEO of NTL Inc., a telecommunications company based in London. McGovern graduated from Johns Hopkins in 1974, Knapp in 1979.
Honorary co-chairmen of the Johns Hopkins Campaign include three more alumni: New York investment banker and university trustee Morris W. Offit; Norfolk, Va., cardiac surgeon Lenox Baker Jr., also a Johns Hopkins trustee; and retired printing company executive and Johns Hopkins trustee emeritus R. Champlin Sheridan of Baltimore.
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