A new large-scale fundraising campaign begins

Talk of funding continues, highlighting scholarships and a new film building.
2012-2016 fundraiser: $214 million received, $82.9 million toward student scholarships, $75.2 million toward facilities

After the completion of a highly successful fundraising campaign spanning from January 2012 to December 2016, administration is already discussing plans for the next five years.

Administration currently remains in the preparatory phase of their new campaign. While administration will not announce the campaign to the public for another two or three years, there still remains plenty going on behind the scenes. During this time, administration will test the limits of their donor base and make preparations according to their findings. The Board of Trustees will suggest a new cinema and media arts building and further funds for scholarships to their donors as well as receive recommendations for what the next campaign will include in September.

LAYING THE GROUNDWORK

After achieving $214 million dollars from the last campaign effort, $34 million over the estimated goal, administration is reaching out to their donor base in order to accurately gauge its future capacity to provide funds due to potential depletion from the previous campaign.

“What we’ll do in the next campaign is we’ll spend two or three years in the quiet phase interacting with a handful of families and foundations, and then we’ll evaluate and adjust the goal up or down,” said Adam Morris, vice president of university advancement.

After setting a goal, administration must acquire approximately 60 to 70 percent of the total amount before going public in order to avoid a PR scandal, according to Morris. This way, if the donors cannot reach the projected goal it does not reflect poorly on the funding process.

“90 percent of the money that you raise comes from 10 percent of the people,” Morris said.

The donor base primarily consists of alumni, parents of current students and the Board of Trustees operating on a worldwide scope.

PROJECT EVALUATION

In addition to talking with the donors, administration is working on prioritizing the list of projects as well as discussing a potential overarching theme.

“We do know in the next campaign, that a new building for film is on the docket,” Morris said. “I’m sure that scholarships will also be part of the next campaign as well, we just have an ongoing commitment to help address issues of affordability for our students.”

The film building will cost between $60 to $65 million, whereas the amount going to scholarships awaits determination. The goal for the last campaign stood at $85 million for scholarships, yet this number might fluctuate depending on the results from testing the capacity of the donor community.

Freshman English major Juliana Fujii believes supporting scholarships should remain an important goal for administration since it allows students to attend Biola.

“I appreciate that Biola is trying to raise funds to help more people to come here because I think it’s a great place to be. Without the scholarships that I received, I probably wouldn’t be here,” Fujii said.

Freshman business major Jennika Davila believes the construction of a CMA building will prove a worthwhile investment.

“I think it’s awesome, like with the new science center, I see that [the film building] needs an upgrade. Our cinema and media arts facilities are older and I think they deserve a new building,” Davila said.

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Isabelle Thompson, Business Manager
Isabelle Thompson is a senior business marketing major who enjoys gloomy weather, reading and national parks. She is also an advocate for adventure and trying new things. Good literature has always been a source of inspiration for me. Through the years I have become influenced by authors ranging from Jane Austin, Mark Twain and Scott Fitzgerald to more modern writers including Andy Weir and Stephen Chobsky. Each story I have come across has had a role in shaping the way I see the world and who I am today. It was my love of writing and storytelling which drew me to the position of News Editor at The Chimes my sophomore year. Through that experience I learned the skills necessary to produce consistent, factual and engaging stories that informed and documented events that impacted my immediate community. It was a new kind of storytelling for me which came with the responsibility of doing justice to the very real themes and lives portrayed. Coming back to The Chimes as a senior business marketing major, I feel lucky to have the position of business manager. While I will be taking a step back from writing, I am excited to be surrounded by excellent storytellers and support the publication in a way that aligns with my goals for a career in business.
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A new large-scale fundraising campaign begins