Professor Galinsky asked how many of the National Merit Scholars at the University bring their own National Merit Scholarship rather than using one funded by the University. Dr. Burt said he thought about 20 percent brought their own scholarships. This was followed by a discussion between Professor Galinsky and Dr. Burt on the practices used by other universities in recruiting National Merit Scholars. C. Report on the Capital Campaign. He said the University must demonstrate how philanthropy can help focus the intellectual resources of the faculty on matters of societal concern.
Donors also expect accountability and assurances of good stewardship of their resources.
He reminded the Council of the quantum leap made by the University at the time of its Centennial, and said the Capital Campaign should be considered a success only if it leads to correspondingly visible improvement. He discussed the different strategies appropriate for appealing to corporations, foundations, and individuals. He also mentioned bequests, trusts, and annual giving, and pointed out the importance both of some large donations and of creating greater breadth of donors, especially to include those who are young. In a closing statement, Vice President Ray expressed the belief that the most important factor in attracting gifts is the quality and prestige of the faculty. Professor Cline thanked the Vice President for expressing this belief.