March
15, 2003
CONTACTS:
Karen
M. Gajewski, 858-822-3353, kgajewski@ucsd.edu
Winifred
Cox, 858-534-0363, cell 858-531-4713, wcox@ucsd.edu
UCSD
ANNOUNCES $110 MILLION GIFT AND PUBLIC LAUNCH OF $1 BILLION
FUND-RAISING CAMPAIGN
Gift from Irwin and Joan Jacobs to support UCSD Jacobs School
of Engineering
The
University of California, San Diego (UCSD) today announced the
public launch of The Campaign for UCSD: Imagine What's Next,
a $1 billion, seven-year fund-raising initiative that will support
academic and research programs, scholarships, fellowships and
endowed chairs.
In
conjunction with the campaign, the university also announced a
$110 million gift to the UCSD Jacobs School of Engineering from
former UCSD engineering professor Dr. Irwin M. Jacobs, CEO and
chairman of Qualcomm, Inc., and his wife Joan Jacobs. The Jacobs'
support for UCSD spans 20 years, includes major gifts to the Jacobs
School of Engineering, the Shiley Eye Center and the Stuart Collection,
and now totals $133.4 million.
The
Campaign for UCSD is the largest, most ambitious fund-raising
campaign in San Diego's history, and UCSD is by far the youngest
university to launch a campaign with a goal of $1 billion.
The
university has raised $445 million, or 44.5 percent of the goal,
since the 'quiet phase' of the campaign began on July 1, 2000.
To date, more than 43,000 gifts and pledges have been made to
the campaign, and 49 donors have contributed $1 million or more.
"Through
the support of community leaders such as Irwin and Joan Jacobs,
The Campaign for UCSD has already created support for scholarships,
fellowships and endowed chairs, and has helped fund major initiatives
such as the Rebecca and John Moores Cancer Center, expansion of
the Shiley Eye Center, and the creation of our Management School,"
said Robert C. Dynes, chancellor. "Even in difficult economic
times, our friends and alumni have shown that they believe in
UCSD's promising future."
The Jacobs'
gift includes $10 million payable over the next five years to
support students and faculty at the school, and a planned gift
of $100 million, comprised of an irrevocable charitable remainder
trust and a bequest intention, that will build the school's endowment
and create scholarships, fellowships and faculty support.
The couple's $10 million current gift will support faculty recruitment
and the Jacobs School Scholars and Fellows program. Sixty percent
of the Jacobs' $100 million planned gift will be unrestricted
endowment for the Jacobs School, and will add to the $15 million
endowment that the couple established in 1997, at the time the
school was named in their honor. Twenty-five percent of the planned
gift is intended for the Jacobs School Scholars and Fellows program,
which the couple established in 2000. Approximately 15 percent
of the planned gift will be used to create endowed chairs for
faculty jointly appointed to the Jacobs School and UCSD's Management
School.
"Our
gift represents a long term investment in engineering education
and in our community. It is intended to help recruit outstanding
faculty, to support promising undergraduate and graduate students,
and to ensure close relations between the new School of Management
and the Jacobs School of Engineering. San Diego needs a highly
trained workforce that can continue to lead innovation for our
region and our nation," said Dr. Jacobs. "We are proud of all
that UCSD and the engineering school have accomplished, and honored
to make this contribution so that the Jacobs School can sustain
its excellence in education."
"The
love of learning is a core value for our family, and we are deeply
committed to affordable and high quality education that is accessible
to everyone," said Mrs. Jacobs. "All four of our children chose
to go to University of California schools because of the high
caliber of education available there. But state and federal funding
is insufficient to sustain the University's standard of excellence
in teaching and research. We, as a community, must support the
precious resource that is the University of California."
"We
are deeply grateful to Irwin and Joan Jacobs for their faith and
investment in our faculty, students and staff," said Frieder Seible,
dean of the Jacobs School. "Their gift accelerates the incredible
forward momentum that characterizes the School and will allow
us to sustain our leadership role among the best engineering schools
in the nation."
Irwin
Jacobs, Malin Burnham, chairman of The Burnham Companies, and
John J. Moores, chairman of JMI Services Inc., and owner of the
San Diego Padres Baseball Club, are co-chairs of The Campaign
for UCSD. On February 24, the university announced a $5 million
gift from Malin and Roberta Burnham designated for the Management
School. The Moores' $20 million naming gift to the Rebecca and
John Moores UCSD Cancer Center was among the first gifts to the
campaign.
"I
remember when UCSD was formed, just 43 years ago, and have eagerly
watched the campus rapidly grow into a national leader," said
Malin Burnham. "Now the campus challenges us to envision its future
impact -- to imagine what's next. I am very excited to see just
what this daring university will achieve in the near future."
"I
am a firm believer in the relationship between a leading research
institution such as UCSD, and the quality of life for the surrounding
community," said John J. Moores. "San Diego has only just begun
to realize the benefits of having a campus as strong as UCSD.
Campaign initiatives will have a tremendous impact on the region,
in terms of educational opportunities, research breakthroughs
and patient care."
"This
university has benefited from strong community support since the
day it was founded," said James M. Langley, vice chancellor for
External Relations. "In order to continue UCSD's remarkable trajectory
of accomplishments, we will rely even more on the generosity of
the community to help us create inventive programs and deliver
important discoveries."
The
Campaign for UCSD will provide much-needed support for all areas
of campus. The campaign initiatives fall within a framework of
five main categories for support:
Ensuring
educational opportunity and enriching student life through undergraduate
scholarships, graduate fellowships and leadership initiatives.
$100 million goal
Supporting
outstanding faculty by increasing essential funding for endowed
chairs, visiting professorships and recruitment and retention
packages. $100 million goal
Advancing
academic excellence and launching inventive programs by creating
new professional schools, expanding academic programs and implementing
new initiatives that inspire scholarship. $300 million goal
Improving
lives through research and health care with vital funding for
a wide range of research endeavors, health sciences advancements
and clinical care initiatives. $400 million goal
Providing
innovation funds that enable UCSD to meet the highest priority
needs, respond to emerging opportunities and invest in promising
areas of high potential. $100 million goal.