Gift helps TTU meet $15 million campaign goal Anonymous donor commits $2 million to capital campaign

Tennessee Technological University President Angelo Volpe recently announced the largest single commitment ever to the university and its Sharing the Vision Capital Campaign.

An alumnus who wished to remember Tennessee Tech in a significant way has recently pledged $2 million in the form of a bequest to the campaign for a variety of uses.

"Gifts of this magnitude don't happen often to schools like Tennessee Tech. Only recently has Tennessee Tech begun to actively pursue support from the private sector," says Tennessee Tech President Angelo Volpe, "and there's nothing I'd like more than to publicly thank this member of our extended family for the generosity of the bequest."

Unfortunately, however, the university's appreciation has to remain private.

"We make every effort to honor a donor's wishes and, in this case, the individual requests that the contribution remain anonymous," says Rick Stegall, director of major giving programs and capital campaign director. "A number of contributors have a great love for Tennessee Tech and want to provide support for the university, but they ask that we not give them any public credit."

Two million dollars will go a long way at Tennessee Tech. Although full details of the donor agreement remain private, Stegall anticipates that the contribution will primarily fund both restricted and unrestricted scholarships and other needs at the university.

Although this most recent gift is unquestionably the largest single commitment ever in the university's history, several other Tennessee Tech alumni have made seven-figure commitments to the Sharing the Vision Capital Campaign, which began in August 1992:

  • Alumnus Earl McDonald of Alabama has committed over a million dollars to scholarship endowments and has also named the university as a prime beneficiary of his estate, making him the largest benefactor in total dollars committed.
  • Financial planner Robert Harrison, also of Alabama, named Tennessee Tech as beneficiary of a $1 million insurance policy and created a separately funded $60,000 endowed scholarship fund.
  • Sundstrand Corporation of Illinois committed the initial million-dollar pledge to Sharing the Vision while alumnus Harry Stonecipher, chairman of the campaign's National Steering Committee, was Sundstrand's chairman and CEO.
  • Shoney's Chairman and CEO, Steve Lynn, and his wife, Milah, have made gifts through trust documents and other endowment vehicles amounting to more than $1 million.

"With a little more than 42 months' experience behind us, we have unofficially met the original goal of $15 million," says Stegall. "We have 17 months remaining to do specialized, targeted fund-raising efforts to further enhance the results of the campaign. Numerous individuals and corporate friends are still considering what they will do for the campaign.

"We're not going to rest on the accomplishments of these first three and a half years. We have the opportunity to accomplish something wonderful here -- through the campaign, we're attempting to secure a more solid financial footing not only for tomorrow, but for years to come."

For more information and opportunities about Tennessee Tech's Sharing the Vision Capital Campaign, call the campaign office at 372-3205.

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