For immediate release: June 12, 2007
GALVESTON, Texas -- Dr. John D. Stobo, president of the University of Texas Medical Branch at Galveston, today announced that the university's comprehensive campaign, Timeless Values, Pioneering Solutions, has surpassed its $250 million goal, more than 18 months ahead of the original end date.
As of June 9, UTMB has raised more than $250,400,000, he said. This is the most money ever raised by the university in any three-and-a-half-year period. The campaign, which began Sept. 1, 2003, was originally scheduled to end Dec. 31, 2008. Having surpassed its goal early, it will now end Aug. 31, 2007.
Stobo delivered his good news Saturday at the semiannual meeting of the university's 87-member development board, flanked by Campaign Chair Fred Burns, Development Board Chair Dr. Peter Thompson, and chairs of the 11 regional campaigns throughout the state.
"We've exceeded our goal thanks to the wonderful generosity of alumni, foundations, corporate partners, employees, and many other friends and supporters," Stobo said. "These gifts will shape what UTMB can and will become in the future."
The Sealy & Smith Foundation -- which was created in 1922 by John and Rebecca Sealy's children, Jennie Sealy Smith and John Sealy II -- gave more than $89 million to the campaign, primarily to strengthen UTMB's clinical programs, including the creation of new comprehensive centers for multi-organ transplantation, and for cancer research, education and patient care.
An additional $161.4 million was committed by more than 6,800 other benefactors. The campaign included 36 commitments of $1 million or more, of which four were $10 million or above.
"I'm particularly gratified by the 278 gifts of $50,000 and above, reflecting the generosity of benefactors throughout the state and nation," said Stobo. More than $30 million came from outside Texas. Attorney Steve Salch chaired the Galveston committee, which raised over $38 million from alumni and friends in the county. UTMB alumnus Dr. Walter McReynolds and attorney Hunter Nelson spearheaded the Houston committee, which secured more than $42 million from benefactors in Houston.
"We couldn't have asked for more dedicated and effective volunteers," said Burns, chairman emeritus of John L. Wortham & Son. "Our more than 280 volunteers in 11 regions throughout the state were key to the campaign's success, helping us raise an average of $1.2 million per week."
Commitments to the campaign were made in four areas of acknowledged UTMB strength: access to care ($114 million), educational excellence ($77 million), longevity and chronic diseases ($42.9 million), and emerging infectious diseases and biodefense ($15.6 million).
The University of Texas Medical Branch at Galveston
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