ROANOKE COLLEGE TOPS GOAL

                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: FRIDAY, January 22, 1993                   TAG: 9301220315
SECTION: VIRGINIA                    PAGE: B-3   EDITION: METRO 
SOURCE: LESLIE TAYLOR STAFF WRITER
DATELINE:                                 LENGTH: Medium
ROANOKE COLLEGE TOPS GOAL
Roanoke College announced Thursday that it surpassed a 12-year capital campaign goal, raising $80.6 million for building and renovation projects, scholarships and academic programs.
The campaign began in 1980, with a goal of raising $25 million by the college's 150th anniversary last year. When the Salem school reached the $25 million mark by 1986 - half the expected time - the board of trustees increased its target to $75 million.
The campaign was the largest in the college's history.
"It's important to say that not one person deserves the credit but many people who are committed to the vitality of Roanoke College," college President David Gring said.
More than 12,000 businesses, foundations and individual donors contributed. Of the total gifts, 114 were for more than $100,000; 14 were more than $1 million.
About $43 million came in cash contributions. Another $9.2 million was in cash pledges. Planned gifts - estate gifts, trusts, charitable annuities - accounted for $28.4 million.
The campaign was divided into three areas - capital projects, endowment and the Roanoke Fund. This fund covers college operating costs not covered by tuition.
If not for the Roanoke Fund, "it would be necessary for us to increase tuition by about 20 percent," Gring said.
Tuition is $12,000 a year.
Campaign contributions have allowed the college to fund six building and renovation projects, including an addition to Olin Hall, dormitory renovation and the construction of the C. Homer Bast Center. The $8 million renovation and expansion of the college library was the college's largest capital project.
The campaign also enabled the college to increase its endowment from $6.5 million to $32.2 million. Endowment interest is used for scholarships, academic programs and teaching endeavors.
"This is not only a good news story for Roanoke College but for the Roanoke Valley as well," Gring said. The campaign "has strengthened the college's ability to offer quality programming."

by Bhavesh Jinadra by CNB