NEW YORK, July 26, 2010 - Pace University has concluded the
most ambitious fundraising effort in its 104-year history.
It's Time: The Centennial Campaign for Pace University
was publicly launched on April 24, 2007 with a goal of $100
million. "Since the start of the campaign, more than
individuals and organizations,
stepped forward to make
critical investments in the school,"
said Pace President Stephen J. Friedman. "This is truly
inspiring and a vote of confidence in the University!"
in cash and pledges since the
campaign's inception in 2003. "The
fact that we had reached the goal was first publicly
announced on April 29th at our 47th
Leaders in Management Awards dinner, which honored David J.
Pecker, President and CEO of American Media, and Gurbaksh
Chahal, Founder and CEO of gWallet," said Christine Meola,
Pace Vice President of Development and Alumni Relations.
Ivan G. Seidenberg (MBA '81), chairman of the board and
chief executive officer of
donated the largest gift in Pace?s history, $15
million, which was awarded to the School of
Computer Science and Information Systems
in October 2005. One-third of his naming gift will support
the Seidenberg Scholars Program, a program dedicated to
recruiting and supporting top computing students from across
the country. Seidenberg, a member of the Pace Board of
Trustees, chaired the It's Time campaign and led the
17-member Campaign Executive Committee.
Other noteworthy naming gifts:
The Dyson Foundation awarded Dyson College a gift of $7.5
$5 million was directed to the renovation of the science
labs on the Pleasantville Campus, $2 million funds
scholarships in psychology, communications and media,
performing arts, fine arts, and environmental science and
environmental studies, and $500,000 created the Dyson
Student Opportunities Fund, which funds special activities
for students. This was the largest of the gifts marking the
Foundation's 50th Anniversary and reflects a
partnership between the Dyson family and Pace that began 75
years ago in 1930 when Charles H. Dyson graduated. Dyson
became a pioneer in leveraged buyouts, was founder of the
privately held investment firm Dyson-Kissner-Moran,
undertook government assignments during the administration
of Franklin D. Roosevelt, and served as Chairman of Pace's
Board of Trustees.
The Wilson Center for Social Entrepreneurship was launched
with a $5 million pledge
from Helene (BBA ?66) and Grant Wilson, Boston-area
entrepreneurs and philanthropists whose involvement with
nonprofit organizations has convinced them that more
entrepreneurial management can help these organizations
increase their impact.
The Carl and Lily Pforzheimer Foundation made a gift of $2
million toward the Pforzheimer Honors College Endowment.
The Pforzheimer family has made many contributions to the
betterment of Pace University over the past 47 years. The
investment banker Carl H. Pforzheimer III is a trustee
emeritus and was chair of the board from 1990 to 1999; his
mother, Carol, a trustee emerita, served on the board from
1973 to 1979.
Additional Campaign highlights:
Trustees of Pace have collectively contributed more than $23
million to date, demonstrating their bold leadership and
commitment to this historic effort.
16 single gifts of $1 million or more, reflecting Pace's
ability to inspire gifts of remarkable generosity.
6,417 first-time donors to the University, including 4,360
alumni who contributed $35.6 million.
$21 million raised for scholarships
earmarked for Pace's Division II sports programs, including
scholarships and capital improvements to athletic facilities
An earlier Pace campaign, launched in 1995 and concluded in
2000, raised $61 million over a five-year period. The goal
of that campaign was $55 million.
According to Friedman, "The conclusion of the Centennial
Campaign doesn't mean the end of our efforts to seek support
to make Pace a better university. On the contrary, it
signals another new beginning. Our graduates are making a
difference in every field and profession, ranging from the
arts to business to healthcare to environmental law. Thus we
will continue to press forward as we seek support for
implementing the vision laid out in our new Strategic Plan,
and moving Pace to a new level of excellence over the next
For 104 years Pace University has produced thinking
professionals by providing high quality education for the
professions on a firm base of liberal learning amid the
advantages of the New York metropolitan area. A private
university, Pace has campuses in New York City and
Westchester County, New York, enrolling nearly 13,000
students in bachelor's, master's, and doctoral programs in
its Lubin School of Business, Dyson College of Arts and
Sciences, Lienhard School of Nursing, School of Education,
School of Law, and Seidenberg School of Computer Science and