Alvernia announces largest fundraising campaign in history


Photo: Besides the early leadership gift to the Values and Vision Campaign from Jerry and Carolyn Holleran, who committed $3 million to the Holleran Center for Community Engagement, two other donors have made seven figure commitments including the Ray and Carole Neag, who gave $1 million for Alvernia University’s first endowed professorships (pictured here with President Tom Flynn).

Alvernia University announced a $27 million campaign to position the private Franciscan university as the emergent institution in the Greater Reading area and to help it extend its reach throughout the middle Atlantic region. Values & Vision: The Alvernia 50th Anniversary Campaign has raised more than $14.1 million in one year of campaigning.
There are three significant financial components to this comprehensive campaign. Of the $27 million total $14.2 million will be raised for capital and program enhancements including new and expanded teaching and learning spaces, student scholarships, and faculty endowments; $2.8 million in annual fund gifts will support operating initiatives, overall educational quality and student services; and $10 million in deferred gifts from planned giving and bequests will provide much needed investment in the future of Alvernia.
The campaign addressed specific needs identified in new strategic and campus master plans, the cornerstones of an institutional vision to position Alvernia as a distinctive, Franciscan university.
“The early success of this campaign,” explained President Thomas F. Flynn, “affirms that Alvernia has earned the community’s respect and support as a multidimensional institution that graduates men and women of character, who make a difference in their professions and in their communities.”
Capital and program gifts will help Alvernia University transform and improve facilities on the Reading campus, expand outreach to students throughout the region, and invest significantly in the quality of programs and faculty essential for a first-rate university education.
Values & Vision: The Alvernia 50th Anniversary Campaign has been led by campaign team of over 100 volunteers co-chaired by Theresa ’83 and Robert McCormack ’82 and Kathleen ’95 and Carl Herbein, with honorary co-chairs Jerry and Carolyn Holleran and Ray and Carole Neag.

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