The Power of Stevens Campaign: Enhancing the University for the Next Generations of Students
As Stevens celebrates its sesquicentennial, The Power of Stevens campaign is raising resources that will help power the university for generations to come.
In 2012, Stevens enacted a broad Strategic Plan to grow in scope, impact and prestige. In order to do so, it would need additional resources to fund scholarships, academic programs, faculty research and strategic renovations to campus.
The university launched the largest fundraising campaign in Stevens' history, The Power of Stevens, in 2016. This campaign has been a unifying force for alumni and friends who care about investing in the future of the university.
The Board of Trustees initially set a goal of raising $150 million, by the end of 2018, for three priorities: enabling student success, promoting faculty excellence and creating a vibrant campus. A campaign kickoff event beside the Hudson River featured a research expo, five inductees into the Stevens Hall of Achievement, actors portraying Martha and Edwin A. Stevens, and a rousing fireworks show.
During the campaign, alumni and friends have established scores of new scholarships. The Pinnacle Scholars program was launched to attract and support the brightest students in the nation; in 2019, the program took a new name, the Lawrence T. Babbio, Jr. ’66 Pinnacle Scholars Program. The A. James & Alice B. Clark Foundation established the Clark Scholars Program. Through ACES (Accessing Careers in Engineering in Science), donors are opening doors to STEM education for underserved students at the pre-college and undergraduate levels.
The campaign has elevated faculty through support including the David and GG Farber Chair in Computer Science and the Farber Fellow in Science and Technology Studies, the Koch Associate Professor for Financial Innovation, the Howard Oringer ’62 Fellow at the Stevens Venture Center and the Fred T. Paulson ’59 Endowed Fellowship in the School of Business. Generous grants from corporate and nonprofit partners such as PSEG and the Branfman Family Foundation have supported faculty research on solar cells, deep brain stimulation, nanotech, artificial intelligence and other innovative technologies.
Alumni and friends have also modernized campus facilities such as the Ruesterholz Admissions Center, the Hanlon Financial Systems Center (including two leading-edge labs), the American Bureau of Shipping-supported ABS Engineering Center, the Gateway Academic Center featuring Gianforte Family Hall, the Student Wellness Center, and renovations to the Lore-El Center for Women’s Leadership — and to every classroom on campus.
A record-setting commitment from Richard Harries ’58 surpassed the original campaign goal in May 2018, roughly six months ahead of schedule. The Board of Trustees then perceived enough momentum to vote unanimously toward extending the campaign and establishing a new goal of $200 million.
Every gift, of every amount, counts toward this total and Stevens' critical priorities of student success, faculty excellence and the building of a vibrant campus. The campaign is fueling construction of a new Student Housing and University Center project that will house almost 1,000 students and transform the campus experience at Castle Point, for example.
The campaign is on track to reach its $200 million goal during the university’s 150th anniversary in 2020-21: a convergence of Stevens’ proud legacy and bright future, surely fit for more fireworks when it happens.