The Cavalier Daily

The Cavalier Daily: "FINANCING the FUTURE
A lack of state funding brings a new focus to both the Capital Campaign and other fundraising efforts, forcing University officials to reconsider their roles and duties in higher education

David Moltz, Cavalier Daily Senior Writer

When the University kicked off its first Capital Campaign in 1993, there was a serious conversation among senior administrators about the future. With only about 15 percent of the University's operating budget coming from state appropriations and the shadow of an already troubled economy looming, the University had to change its method of operation and look increasingly to private gifts to make up for this lack of funding."