The Hoover Institution raised more than $100 million during its multiyear campaign, Ideas Defining a Free Society ... Investing in Knowledge and Scholarship, which ended August 31.
Fully launched in 1997, the campaign’s goal to raise $75 million was achieved early this year—months ahead of its official end. Additional campaign goals to double the donor base and double the flow of annual expendable funds were also met well ahead of schedule. For the campaign’s final year, expendable giving reached a record $11.7 million, exceeding the original target of $10 million three years in a row.
In reporting on the campaign’s success, Director John Raisian said: “I am truly excited about the success of this campaign and extremely grateful to everyone who has contributed to its success. I wish to express my deep gratitude to our community of individual donors, foundations, corporations, and, of course, my colleagues and staff who were involved in the many facets of the campaign.”
Of the $100 million raised, $80 million was given for expendable purposes in support of the Institution’s current research, collecting, and communications priorities. The other $20 million was given as endowment or deferred gifts. Raisian noted: “The tremendous support generated through this campaign will allow the Hoover Institution to make greater achievements, expanding our research in public policy, ensuring the continuity of our scholarly excellence, growing our collections, and increasing output and outreach of that information to the public. Continuing to increase the endowment will strengthen the permanent financial foundation on which the Hoover Institution is built.”
Overseers Bowen H. McCoy Jr. of Los Angeles and William C. Edwards of Atherton cochaired the campaign. They said: “The willingness of so many to step forward to support the Hoover Institution at this time has overwhelmed us. Through the campaign, we have found that the public policy efforts of the Institution have stimulated a response that is both widespread and deeply felt.”
Peyton Lake, of Tyler, Texas, chairman of the Institution’s board of overseers, said: “This outstanding achievement reflects the importance of the Hoover Institution in developing and advancing public policies based on our founding principles. Supporting the mission of the Hoover Institution has now become a priority for many more concerned individuals.”
Recognized by the Economist magazine as the number one think tank in the world, the Hoover Institution is home to more than 100 outstanding scholars whose research and writing concern issues of long-term public policy. That base of scholarship is supported by a renowned library and archives and the resources of Stanford University.
