Brookings register | SDSU Launches Global $ 500 Million Campaign
BROOKINGS – South Dakota State University on Thursday announced its goal of raising $ 500 million as part of its third comprehensive campaign in school history.
Bold & Blue is South Dakota’s largest philanthropic fundraising initiative ever, with a target amount of nearly double the funds raised.
“It is a reflection of the trajectory of our university,” said Dana Dykhouse, president of First Premier Bank and campaign co-chair. âThe economic future of our state and region needs the SDSU to remain a vibrant and growing university. This historic investment in SDSU during this campaign will do just that. “
Dykhouse said more than $ 340 million was committed during the leadership phase, which began on January 1, 2017. The leadership phase is designed to test donor interest; It is common for a campaign to go public once 60-70% of the goal is achieved.
Bold & Blue is a people-centric campaign that emphasizes investments in four main areas: our people, our places, our traditions and our innovations.
Most of the campaign will focus on people: scholarships for students, endowments for faculty, and leadership and research positions to attract and retain top academic talent.
The campaign includes an investment in new and revitalized facilities. The largest and most significant facility in the venues category is SDSU’s nearly 50-year-old basketball arena renovation. First Bank & Trust donated $ 20 million to defend this project, which is estimated to cost $ 50 million.
The Pride of the Dakotas Marching Band, Hobo Day, Little International and Prairie Repertory Theater are part of SDSU traditions targeted for current gifts and endowments to provide lasting financial support.
The innovations align with the university’s first-time land grant status and the continued growth of precision agriculture, biotransformation, and research in drug development and delivery.
âComprehensive campaigns are essential to the success of our university,â said SDSU President Barry Dunn. âThe generosity of our donors has helped differentiate our university for decades and Bold & Blue will continue this legacy. The campaign will strengthen all areas of our university and provide even more opportunities for the best and the brightest to pursue their academic dreams and graduate from a top university like SDSU.
The focus is on increasing the amount of scholarship funding and faculty support, especially in the form of endowments that are invested and provide income to the university in perpetuity.
“It’s a day that basically lasts for five years,” said Rita Edwards, 1981 graduate and current chair of the SDSU Foundation board. Edwards said the SDSU Foundation board had its first substantive discussion of the campaign in July 2016, just two months after Dunn was named the 20th president of the SDSU.
SDSU’s first campaign, Visions for the Future, surpassed its goal of $ 50 million by $ 2 million in a five-year campaign (1994-1998). The second campaign, It Starts With State, had a goal of $ 200 million. This campaign raised $ 255 million in just over six years.
Dykhouse is chairing the campaign with Kim Tyler, 1982 graduate and retired Kellogg Co. executive, 1958 alumnus Jerry Lohr and founder of J. Lohr Vineyards and Wines as honorary chairman. Lohr has played a leadership role in all three of the university’s campaigns.
âOur university is the first – and will remain so – thanks to the generosity of tens of thousands of people,â said Dunn. âThe bold initiative we are announcing today will continue to transform this university and shape the lives of students for generations to come.
Keith and Cathy Rounds of Brookings are chairmen of Sylvan Circle, the estate planning company inherited from SDSU. SDSU and the SDSU Foundation recruited 12 individuals and couples to serve on the campaign cabinet, and 14 companies for the business and industry cabinet.
â¢ Brian and Denise Aamlid, Sioux Falls
â¢ Barb Fishback, Brookings
â¢ Kevin and Lorie Haarberg, Woodland, California
â¢ Mike and Jennifer Hart, Sioux Falls
â¢ Mylo and Lillian Hellickson, Brookings
â¢ Mike and Cindy Huether, Sioux Falls
â¢ Susan Lahr and Gordon Niva, Laguna Nigel, California
â¢ Sela and David Nagelhout, Harrisburg
â¢ Miranda and Eric Peterson, Brookings
â¢ Michael Relf, ââDurham, North Carolina
â¢ Dave and Laurie Schaefer, Rapid City
â¢ Greg and Janet Schmieding, Sioux Falls
Commercial and industrial firm
â¢ Health Avera
â¢ Brookings Health System
â¢ Agricultural Credit Services of America
â¢ First bank and trust
â¢ First National Bank of Dakota
â¢ Premier bank and Premier bank card
â¢ Hefty seed company
â¢ Construction Henry Carlson
â¢ Travel construction
â¢ Larson manufacturing
â¢ Raven Industries
â¢ Sanford Health
The afternoon event, A Bold Announcement (https://youtu.be/HPicYcQgpoI), and the evening event, Forever Blue: Twilight at the Campanile (https://youtu.be/J- 8N-GdF0y4) were broadcast live.