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Why This Capital Campaign?
Why does Starbucks spend so much time, money, and energy ensuring that each of its facilities around the world is customer-friendly, gleaming, and state-of-the-art?
Because, as the coffee company's bottom line shows, the experience that customers have matters.
Our customers here at the Moore School of Business are our students, and the experience they have also matters. More and more young people today want to study business, but they also want to have their educational experience at schools that offer cutting-edge facilities and the latest technology, the very best professors, and the most generous financial packages. Despite our top rankings in graduate and undergraduate international business for many years now, the experience we can offer to our students is slipping.
A college's "3F's"--facilities, faculty, and fellowships--must all be top-notch for an institution to be great. But our facility is more than 30 years old, and so is some of our technology. That's a massive competitive disadvantage when it comes to attracting today's technologically savvy students and faculty to Moore, and to securing money for fellowships and scholarships.
The Moore School, with its more than 33,000 living alumni, is the flagship business college of The Palmetto State. Not only do we educate the bulk of South Carolina's future business leaders, but we also play a significant role--along with the University of South Carolina and its new research campus--in building the state's knowledge economy in this 21st century.
Our bottom line is this: If we cannot compete with other top-grade regional and national business schools, prospective students will simply go out of state. And once they graduate, they will likely stay out of state to seek their fame and fortune.
We cannot afford that. Our state's economy cannot afford that.
It's time to get moving.
The Campaign
Many of our best and brightest students wishing to study business are choosing to bypass the Moore School at USC and go elsewhere. The reason is simple: despite our high program rankings, our facilities are woefuly out-of-date and functionally primitive. In addition, our endowment is too small to provide enough scholarships and fellowships to attract the best students, or to provide enough enticements to attract additional talented faculty.
Our Capital Campaign aims to change this.
Our goal is to raise $85 million in private support from businesses, alumni, and friends.
In April 2004, USC alumna Darla Moore, for whom the school is named, pledged $45 million in funds
to be matched by August 2009. The University of South Carolina has committed $15 million
toward the match and we must raise an additional $30 million in private funds by that date to
receive the gift. In addition, we plan to raise at least an additional $10 million over the
next five to six years.
Facilities
Construction of a new 50,000-square-foot Graduate Center and major upgrades to the existing facility are expected to cost $45-50 million. The new Graduate Center will house the world-renowned International Master of Business Administration (IMBA) program, Moore's distinctive Master of Human Resources, Master of Accountancy, Professional Master of Business Administration, and Executive International Master of Business Administration programs.
The new facility will feature flexible-use classrooms with wireless connectivity and the most advanced technology, allowing students and faculty to connect to the Internet anywhere, anytime. It will also include a trading room, group study rooms, computer lab, and an expanded Graduate Career Management Center with a recruiters' lounge featuring fax, phone, and wireless capabilities, as well as special rooms for corporate interviewers.
In addition, the existing facility will receive a total makeover, with special emphasis going to the first and eighth floors. The renovations will include new collaborative classrooms, state-of-the-art technology, and new entrance ways, as well as structural and cosmetic improvements throughout. Generous common areas, an updated business library, a new cyber cafe, an upgraded auditorium, and a revitalized Executive Education Center are also planned. Numerous naming opportunities exist, both in the proposed Graduate Center and the revamped facility.
Endowment
The current endowment of $72 million supports scholarships, fellowships, professorial chairs, professorships, and institutes/centers at the Moore School. It is not enough. Our goal is to increase the endowment to at least $100 million, which would set us apart from competing regional business schools.
A larger endowment will allow Moore to offer additional and more generous scholarships and fellowships to prospective undergraduate and graduate students, who are the lifeblood of any school. And, a larger endowment will also help us attract the very best professors to burnish our programmatic reputation. There is more need today for good talent than there is good talent out their--meaning we must compete forcefully for those able young professors. And, of course, having the best and brightest faculty is a vital factor in convincing the best and brightest students to come to the Moore School.
Other Opportunities
All gifts, whether for facilities or the endowment, will help the school achieve its goals. Each gift will be matched dollar-for-dollar by Darla Moore's gift, with her matching gift to be designated for the building improvements. Therefore, individuals will receive credit and naming opportunity recognition for a gift valued at twice their contribution.
For more information, please contact Bob Gayle, director of development.
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"I have a deep love for my home state and an abiding belief in higher education, viewing both
as foundations of a successful life. If our students are prepared with state-of-the-art
training and a rigorous educational environment, they can add fuel to the economic engine of our
state's future, as well as our nation's"
--Darla Moore
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"As a proud graduate of the Moore School of Business, I know the importance of education.
I also know that economic competition in our state has increased at a steady pace since I served as
governor, while at the same time, the state now provides less and less economic support to our
colleges and universities. A fruitful capital campaign will be a clear signal that we are
determined to move the Moore School to the next level."
--The Honorable James H. Hodges
Chief Executive Officer, Hodges Consulting, LLC
and
Campaign Chairman
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"In October 2004, Sonoco Products Company proudly donated $3 million to the Moore School of
Business for a permanent endowment, in recognition of the importance of the school to our company's
ongoing success and to the success of all South Carolina businesses. Sonoco has relied on the
school's International Business department's expertise and knowledge for a long time. It is
our hope that other companies and individuals with a similar stake in the state's economy will also
make donations to the capital campaign to move the school forward."
--Harris E. DeLoach, Jr.
Chairman, President, and Chief Executive Officer, Sonoco Products Company
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| Envisioning Moore Capital Campaign |
| Donors as of February 29, 2008 |
| $57,107,883 representing 87 pledges and gifts has been received for the Envisioning Moore Capital Campaign. Donors and their levels of giving are as follows: |
| $5,000,000 and Above |
| Darla Moore |
| $1,000,000 - $4,999,000 |
|
Anonymous
|
| Sonoco Products Company |
| The Wachovia Foundation |
| $500,000 - $999,999 |
| Daniel-Mickel Foundation |
|
Hayne Hipp
McKissick Family Foundation |
| $250,000 - $499,999 |
|
First Citizens Foundation
Julia Stewman Johnson |
| W. W. Johnson |
|
MIBS Class of 1977
NBSC |
| The Self Family Foundation |
| Charles S. Way, Jr.** |
| $100,000 - $249,000 |
| AgFirst Farm Credit Bank |
| The Beach Company** |
| Michael R. and Julie C. Brenan |
| Anthony A. Callander |
| Dr. Charles P. Darby, Jr.** |
| John and Georgia Darby** |
|
Ellen G. Drucker
Carlos Evans** |
| John P. Harloe |
| William R. Horton* |
| Mr. and Mrs. William H. Howle II** |
| The Pastime Amusement Company** |
|
South Carolina Bank & Trust
James H. Suddeth, Jr. John C. Troutman |
| $50,000 - $99,999 |
|
Colonial Life & Accident Insurance Company***
Thomas Faulds* |
|
Berta and Robbie Freeman**
Governor and Mrs. Jim Hodges and Hodges Consulting Group TSC Foundation, Inc. |
| $25,000 - $49,999 |
| Albert Sottille Foundation** |
| J. Thomas Dodson |
|
Robert W. Johnson III*
Robert Leichtle* |
|
Alfred N. Page
Psillos Family |
| Mr. and Mrs. J. Darryl Reyna and Mr. John D. Reyna, Jr.** |
|
L. Kent Satterfield
Mary Ruth and Owen G. "Bob" Shell The Springs Company Estate of H. Talcott Stith |
| $10,000 - $24,999 |
|
Dixon Hughes PLLC
Jean E. Duke Elliott Davis, LLC |
| First Community Bank |
| Bruce Hughes* |
|
IIABSC Foundation
David F. Parker*** |
| Schweiger, Lippert & Associates |
|
Scott McElveen, LLP
Michael J. Skarupa* |
| $5,000 - $9,999 |
|
Terry M. Povey and Paul R. Povey*
Cynthia Singletary Shull* |
| Gifts up to $5,000 |
|
Russell B. Allen*
|
| * Blue Cross Blue Shield Naming Opportunity |
|
** Naming Opportunity in Honor of Mr. Charles S. Way, Jr.
***Colonial Naming Opportunity |