Law school fundraising campaign sets record
By Horace Nelson
Following the lead of the University's "...and for Yale" campaign, which
became the largest university fundraising drive ever by raising $1.7 billion,
the Yale Law School just completed its own record-breaking campaign by bringing
in over $180 million over the last five years.
The primary focus of the drive, which set an all-time record for donations to
a legal institution, was to raise funds needed to renovate the Sterling Law
building. According to Law School Dean Anthony Kronman, LAW '75 no major
changes had been made to the building since it was built in 1931. Half of the
money raised will go towards modernizing the Sterling Law building's
facilities. After the renovation, law students will have access to new
computers and research technologies. The Law School will also use the funds to
improve the Sterling Law Quadrangle's courtyard and residential housing for law
students.
Though the original goal of the campaign was to raise $130 million, it
exceeded that goal by over 40 percent. The largest source of funds for the
campaign came from alumni. This was especially surprising considering that the
Law School's 9,600 alumni are a relatively small group compared to the number
of alumni at most of the nation's other law schools. "I am honored to have been
part of the most successful capital campaign in the history of legal
education," Oscar Ruehausen, LAW '37, said.
"Alumni are frantically loyal to this place," Associate Law School Dean Caroll
Stevens said. "They genuinely feel that it set them on their intellectual
course."
A percentage of the proceeds from the campaign will go towards a loan
forgiveness and deferral program for graduates who go into public service. "A
large number of our graduates go on to work with public interest law firms,"
Kronman said.
The law school hopes that this innovation will allow its graduates to pursue
careers in fields that truly interest them despite the fact that they do not
pay as well as other careers. "The program levels the playing field for
graduates who want to take jobs in the government or who want to teach,"
Kronman commented.
The rest of the funds will be used to invite visiting professors and create 17
endowed professorships in areas such as international law, property, and family
law.
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