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Rice launches $2 billion capital campaign

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Rice launches $2 billion capital campaign

Postby AfricanMustang » Fri Jan 28, 2022 4:13 pm

HOUSTON – (Oct. 29, 2021) – Rice University has launched a comprehensive capital campaign to raise $2 billion by the end of 2025, by far the largest fundraising effort in the university’s history.

“Be Bold: The Campaign for Rice” opens with significant momentum, having already secured $1.2 billion in commitments that include the two largest gifts in the university’s history. The Moody Foundation has committed $100 million for the construction of a new student center and an endowment for new student programs. The Robert E. Welch Foundation has committed $100 million to establish the Welch Institute, which is focused on world-leading advanced materials research.

Among the key initiatives financed by the campaign will be roughly $150 million in scholarship endowments for the Rice Investment, the generous financial aid program structured to make elite university education more affordable for low-and-middle income families. The university plans to increase the size of its undergraduate student body to 4,800 by the fall of 2025, opening a 12th residential college and growing the population of students living on campus. With expected growth in degree-seeking graduates, Rice’s total enrollment is expected to reach about 9,000 by fall 2025.

All the while, Rice plans to maintain its low 6-to-1 student-to-faculty ratio. About $625 million of the capital raised in this campaign will go toward faculty endowments and programmatic investments spread across all eight of the university’s schools.

Another $400 million raised in the campaign will be dedicated to technology and building projects, including a new science and engineering building. An additional $100 million will be directed to graduate student support and $75 million will go toward the Rice Annual Fund, which supports a wide variety of student aid and academic services.

https://news.rice.edu/news/2021/rice-la ... l-campaign
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Re: Rice launches $2 billion capital campaign

Postby tristatecoog » Mon Jan 31, 2022 11:41 am

"$150 million in scholarship endowments for the Rice Investment" Is financial aid a big initiative for SMU in its $1.5B campaign?

The 2020-21 Common Data Sets for Rice and SMU indicate that Rice averaged 14.2% Pell Grant recipients in the 2013-14 classes while SMU averaged 11.1%. 11% of SMU's fall 2021 class were Pell Grant recipients but 26% of transfers.

UT's 2013 and 2014 entering classes averaged 23.6% Pell Grant recipients. That's now a big factor in the US News rankings.

I suppose something changed in 2014 because all three institutions had drops in Pell Grant students. SMU dropped 1.6%, Rice dropped 1.8% and UT dropped 2.7%.
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