Two years ago, Fairleigh Dickinson University announced its plans for a new campaign to advance capital projects at both the College at Florham and the Metropolitan Campus. FDU Now, a $50 million enterprise, has several initiatives that will affect student life in the future, but for now, the plans have been put on hold because of the economic recession, according to Vice President of Advancement Richard Reiss.
As announced in the March 21, 2007 issue of The Metro, money from the FDU Now campaign will be put towards the Monninger Center for Learning and Research, a cutting-edge facility that will replace the current library at the College at Florham. The Monninger Center will include work spaces for both individuals and groups, brand new technological advances and an auditorium for large group presentations. The site for the center is currently marked by a sign by the library stairs.
Construction was set to begin on the center this spring, according to campus Provost Kenneth Greene, but the ground-breaking has been delayed, mostly because there have been stalls in fundraising over the past year. Reiss attributed the freeze to the worldwide economic crisis. He said bonds are a major part of the project’s financing, and there has been less lending reported in the past few months.
“The Monninger Center is being constructed through a combination of donations and borrowed money. The borrowed money comes from the sale of bonds,” he said. “The university was forced to delay the construction until the bond market opens up. This has affected not only FDU, but universities across the country that have had to delay major construction projects.”
The recession has also affected the donations that are fueling the campaign. While the goal for FDU Now is $50 million, the university has only raised $38 million so far, and fundraising was set to end in 2010. Individuals (mostly alumni), corporations and philanthropic foundations have all been giving to FDU, but donations have slowed this year.
“Sixty-five percent of the donations that come to the university are from individuals and the vast majority of those individuals are alumni. The university gets 25 percent of its gifts from corporations and 10 percent from philanthropic foundations,” said Reiss. “We still see some opportunities ahead but in general, people, companies and foundations are giving less. We have lost a few high-end donors but I believe that is only temporary. We are also seeing fewer gifts to the Fund for FDU, which is our unrestricted giving.”
Even though giving this year has slowed, donations that were promised in the past are still being sent to the university.
“Over the past few years we have received many multi-year pledges toward FDU Now,” said Reiss. “All of those pledges are being honored and paid on time.”
Other proposals that were included in the FDU Now campaign are a new student union at the Metropolitan Campus, several endowments – including scholarships for students – and updated facilities for athletics on both campuses.
The College at Florham in particular includes plans to build a new tennis complex and softball field, according to the campaign’s Web site on fdu.edu. A separate annual fund for athletics on both campuses will also make sure that facilities will be continually updated and maintained.
Along with new facilities, the Web site also promotes a plan for increasing the funding for the global learning initiatives program so the university’s mission can continue to grow.
To promote donations, FDU has created Leadership Giving clubs, as a way of getting donors to give more money to the university.
According to the Web site, club membership rates start at $100 (to join the Century Club) and end at an annual membership fee of $25,000 to join the President’s Circle. There are six other clubs in between that people of varying spending power can join.
Although each club has its own page on the FDU Now Web site, it seems they are just categories made to label how much people can donate any given year. According to Reiss, higher level donors are invited to special university events.
While plans for the Monninger Center and other projects have been put on hold, Reiss is still optimistic. Even though construction of the center has been delayed, it should start up again within a year. He hopes to still have FDU Now completed by 2010 and then to start another campaign for university advancement.
“Since the inception of FDU Now, giving to the university has quadrupled,” he said. “Our goal is to complete FDU Now in 2010 and prepare the university for its next major capital campaign shortly thereafter.”
MAGGY PATRICK
Editor-in-Chief


