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Johns Hopkins Initiative News

Office of News and Information
Johns Hopkins University / 3400 N. Charles Street
Baltimore, Maryland 21218-2692
Phone: (410) 516-7160 / Fax (410) 516-5251

February 21, 1996
FOR IMMEDIATE RELEASE
CONTACT: Dennis O'Shea
dro@jhu.edu

Eisenhower Library Tops Initial Campaign Goal
Now sets sights 25 percent higher

Johns Hopkins University's Milton S. Eisenhower Library already has exceeded the goal for its portion the Johns Hopkins Initiative, a $900 million fund-raising campaign not scheduled to end until February 2000.

The library has received $27.3 million in gifts and commitments, said Michael Bloomberg, chair of the campaign and chair-elect of the university's board of trustees. The MSEL goal was $27 million.

With four years to go in the campaign and no good reason to stop now, Bloomberg said, the campaign executive committee has authorized the library to set a new goal, $34 million, about 25 percent beyond the original target.

"It's great," James Neal, Sheridan Director of the Eisenhower Library, said of the MSEL's early success. "Our progress demonstrates the centrality of the library to the teaching and research missions of the university and the interest and support we can generate.

"It's also a tribute to Champ and Debbie Sheridan and to the commitment of others to follow their lead."

Champ Sheridan is a 1952 graduate of Johns Hopkins and a vice chair of the university's trustees. He and his wife, Debbie, announced their $20 million gift to the library during the public launch of the Johns Hopkins Initiative in 1994. It included a $5 million challenge that has attracted gifts from other MSEL supporters.

A majority of the $27 million raised so far is designated for the library's endowment, Neal said. He said the MSEL will continue to emphasize endowment needs with potential donors. There will also be an expanding focus on foundations and corporations interested in information technology.

"We're in an era of what I call information schizophrenia," Neal said. "Libraries must continue to develop traditional collections, and they are expanding access to electronic information. The Eisenhower Library is employing technology in innovative ways to better serve students and faculty. External support will be essential to our continuing advancement."

Bloomberg said the entire Johns Hopkins Initiative, a joint campaign of the university and The Johns Hopkins Hospital and Health System, has raised about $525 million in commitments so far. That's about 58 percent of the overall $900 million goal and ahead of where Bloomberg had hoped the campaign would be at this point, he said.

The effort is even farther along toward its primary target, $525 million for endowment and capital projects. About $361 million, more than two-thirds of that goal, has been committed so far.

"But the first part of the campaign is the easiest part, so this is no time to sit back and relax," Bloomberg said.


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